Record US Ethanol Exports in 2017
NEW YORK (DTN) -- The United States exported a record 1.37 billion gallons of ethanol to more than 60 countries in 2017, up 17% from 2016, according to an analysis of data from the U.S. Department of Agriculture by Renewable Fuel Association.
Brazil was the leading destination for U.S. ethanol exports, receiving 446 million gallons, or 33%, of total shipments, the data shows. Canada imported 328 mg from the U.S., while India took in 173 mg. The Philippines and South Korea rounded out the top five destinations in 2017.
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Export volumes to nine of the top 10 destinations saw increases over 2016 volumes, with Brazil, India, the Netherlands, Singapore, and United Arab Emirates showing the largest gains.
After being the third-leading ethanol export market for the U.S. in 2016, China finished just out of the top 10 in 2017, as exports to that nation plunged nearly 90% in the wake of new tariffs being implemented.
According to the data, U.S. ethanol exports were valued at $2.4 billion in 2017, up 16% year-over-year.
U.S. ethanol imports remained scarce in 2017, with just 77 mg entering the country, and nearly all of the imported product went to California and was used to meet the state's Low Carbon Fuel Standard requirements.
(BM/AG)
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