According to the latest trade monitor report from the Renewable Fuels Association (RFA), U.S. ethanol exports fell 30 percent in February, compared to the previous month, but remained on par with the same time last year at 138.7 million gallons (mg).

Half of all February shipments were directed to Canada and the European Union, with the remainder distributed among eight additional countries. Canada retained its position as the top destination for the 47th consecutive month, with exports easing 6% to 50.8 mg—representing 85% of all denatured fuel ethanol shipments. The European Union remained the largest market for undenatured fuel ethanol (36% share), though volumes fell 42% to a four-month low of 17.6 mg. Several other markets experienced notable shifts. Exports to the Philippines surged 33% to a nine-month high of 15.0 mg, while shipments to India dropped 62% to a five-month low of 13.3 mg. Mexico rebounded sharply, climbing 87% to 11.0 mg. In contrast, shipments to the United Kingdom declined 39% to a 15-month low of 8.6 mg, and exports to Colombia contracted 49% to a 14-month low of 6.8 mg. Other key destinations included South Korea (6.6 mg), Peru (6.1 mg), and Egypt (1.7 mg). Notably, Brazil and China were absent from the market in February.

Meanwhile, exports of dried distillers grains (DDGS) increased 5% in February to 849,645 metric tons (mt), while year-to-date DDGS exports are down by 12%.

Mexico clung to its position as the top destination with shipments falling 45% to 127,203 mt—the lowest monthly volume in nearly four years. South Korea boosted its purchases by 12% to 118,840 mt, while exports to Colombia surged more than sevenfold to 73,911 mt. On the downside, shipments to Vietnam fell 28% to an eight-month low of 67,106 mt, and exports to Canada declined 14% to 57,618 mt. Other major markets included Indonesia (56,398 mt), the European Union (53,205 mt), Turkey (41,835 mt), Japan (41,351 mt), and New Zealand (30,000 mt). The remaining fifth of exports were dispersed among 29 additional countries.