IDAHO WHEAT COMMISSION

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U.S. Market Share of Southeast Asia Ag Imports Dips

From 2012 to 2022, the U.S. saw its market share drop by 0.2 percentage points, making it the second-largest exporter to the Southeast Asia, following China. However, the value of U.S. agricultural exports to Asia has grown by $4.8 billion over the last decade. U.S. exports face growing competition from countries like Brazil and Australia. In 2022, wheat was among the top U.S. exports to Southeast Asia, valued at $1.46 billion. As the demand for commodities like wheat continues to rise in Southeast Asia, Idaho's wheat production plays a vital role in meeting this growing need, highlighting the importance of maintaining competitive advantages in global markets.