"FARM EXPORTS, TRADE SURPLUS RISE IN 2001"
U.S. agricultural exports rose by $1.8 billion during the first 10 months of 2001, compared to the same period a year earlier, USDA reported. A smaller gain in imports allowed the agricultural trade surplus to expand by $1.5 billion during the January-October period.
Sales of high-value products accounted for nearly all ($1.7 billion) of the increase. The major contributors were hides and skins, poultry, sugar and tropical products, feeds and fodders, and dairy products.
By contrast, bulk exports were mostly stagnant. The value of wheat and soybean exports fell from January through October, despite the sharp boost in soybean exports during October. Corn exports were up marginally from their 2000 pace.
The new report, U.S. Agricultural Trade Update, is issued by the Economic Research Service and approved by the World Agricultural Outlook Board. It is online at http://www.ers.usda.gov.