As Brazil continues to consider tariffs on imported ethanol from the United States, the country just keeps importing more, remaining by far the top destination in the world for U.S. ethanol.
According to government data analyzed by the Renewable Fuels Association (RFA), Brazil imported 64.3 million gallons (mg) of U.S. ethanol in May, bringing the total for the first five months of this year to 255 mg of U.S. ethanol, compared to 279 mg for the entire 2016 calendar year. Second place Canada imported less than half the amount Brazil did in May at 31.3 mg of U.S. ethanol.
U.S. ethanol exports totaled 119.2 million gallons (mg) in May, up 37% from April shipments. Year-to-date U.S. ethanol exports stood at 594 mg through May, indicating an annualized export total of 1.43 billion gallons.
Meanwhile, the U.S. brought in 9.6 mg of fuel ethanol in May from Brazil—the first time since August 2016 that any meaningful import volumes have been recorded.