The "Outlook for U.S. Agricultural Trade: August 2024" report forecasts a record $41.5 billion in horticultural product exports for FY 2025, an increase of $1.2 billion from the previous year. This growth is attributed to a variety of factors, including a rise in fresh fruits and vegetables exports, bolstered by increased apple shipments to India following the removal of retaliatory tariffs. Additionally, the report details a significant rise in exports across other segments such as processed fruits and vegetables, whole and processed tree nuts, and other horticultural products, driven by robust demand from key international markets like Canada, Mexico, Europe, and Asia.
The FY 2025 forecast for horticultural products is a record $41.5 billion, up $1.2 billion from
2024. Fresh fruits and vegetables are forecast $100 million higher to $7.6 billion due, in part, to rising apple shipments to India following last year's lifting of retaliatory tariffs that had been in place since 2019. Processed fruits and vegetables are forecast $300 million higher to $8.3
billion on rising exports to Canada, Mexico, and Europe. Whole and processed tree nuts are
forecast $400 million higher to $9.9 billion on steady unit values and stronger demand from
Europe and Asia. "Other horticultural products" are forecast up $400 million to $15.7 billion on
higher shipments of miscellaneous products (e.g., other food preparations, beer, and mixed
seasonings) to Canada, Mexico, and Europe.
The FY 2024 estimate for horticultural products is raised $1.3 billion to $40.3 billion. Fresh fruits and vegetables are revised $400 million higher to $7.5 billion and processed fruit and
vegetables are up $300 million to $8.0 billion on stronger strawberry shipments to Canada and dried bean exports to Mexico. Whole and processed tree nuts are raised $500 million to $9.5 billion due to rebounding unit values and stronger demand from Europe and Asia. "Other
horticultural products" are up $100 million to $15.3 billion on increased miscellaneous products (e.g., other food preparations, beer, and mixed seasonings) to Canada, Mexico, and Europe.
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