While headlines underscore that U.S. agricultural exports will be the smallest in three years – down about $10 billion alone to China -- the news is contrary for horticulture.
The USDA issued its quarterly economic forecast on May 30, showing that horticultural product exports will likely be unchanged at $35.3 billion. Whole and processed tree nut exports are forecast at $9.1 billion with the majority of shipments destined for the European Union and Asia.
Exports of fresh fruits and vegetables are unchanged at $7.4 billion, with top markets including Canada, the Euopean Union and South Korea. Processed fruit and vegetable exports are forecast unchanged at $7.2 billion.
These estimates do not account for any effect that American tariffs against Mexico might have if they come into effect on June 10, 2019.
The USDA report is available here: https://www.ers.usda.gov/webdocs/publications/93215/aes-108.pdf?v=2227.2
Source: AgriMarketing News June 3, 2019.