U.S. Agricultural Trade: Trends, Composition, Direction, and Policy

Leading markets for U.S. agricultural exports are Canada, Mexico, Japan, China, the European Union (EU), Taiwan, and Korea. The United States dominates world markets for corn, wheat, and cotton. Most U.S. agricultural imports are high-value products. The biggest import suppliers are Canada and the EU. Among the fastest-growing markets for U.S. agricultural exports are Canada and Mexico. Both the EU and the U.S. subsidize their agricultural sectors, but overall the EU out subsidizes the U.S. The U.S. has the most diverse food aid programs; others limit food aid to development assistance and emergencies