U.S. Ethanol Exports Rebound in 2014

Cindy Zimmerman

usda-fasUSDA’s Foreign Agriculture Service reports that exports of U.S. ethanol exports rebounded last year after two years of declines. It was the second highest level of ethanol exports in history, making the United States the largest exporter of ethanol in the world, surpassing Brazil for the second time.

Value and volume of ethanol exports were both up approximately 35 percent from 2013, although still below the record set in 2011. At nearly 3.2 billion liters (836 million gallons), U.S. ethanol exports were worth more than $2 billion dollars. Six percent of ethanol produced in the United States was exported last year, shipped to a more diverse range of markets. Exports to Canada accounted for 40% of the total and while exports to Brazil and Europe dropped, dramatic increases were seen in markets such as the Philippines, South Korea, and the United Arab Emirates.

On the other side, U.S. ethanol imports (including both fuel and non-fuel ethanol) dropped by more than half in 2014, to less than 900 million liters, the lowest level since 2010. At the same time, domestic ethanol production jumped nearly eight percent in 2014, reaching a record 54 billion liters (14.3 billion gallons).

Read the entire FAS report here.

Ethanol, Ethanol News, Exports, USDA