The final numbers are in for fiscal year 2019, and when you look at Ag imports and Ag exports between October through September, you’ll notice the same theme repeating itself: imports up, exports down. USDA International Trade Economist, Kamron Daugherty, said the fiscal year ended in September with exports coming in at $10.3 billion, the lowest month of fiscal year 2019, and the lowest export month since June of 2016.
“Exports were down $7.9 billion from fiscal year 2018 at $135.6 billion. Imports were up $3.4 billion at $130.9 billion,” Daugherty noted. “And we had our trade balance down 11.3 billion dollars at $4.6 billion.”
The smallest yearly trade surplus in 13 years. Sales of corn, soy beans, and cotton down from the previous year. However, wheat sales shot up by 3%.
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