Issue Alert | June 2014

U.S. Agriculture Exports: Latest Trends

Even though the relative importance of agriculture and agriculture-related industries in the overall U.S. economy has diminished in recent years, the sector continues to be a critical component of the nation's gross domestic product (GDP). In 2012, the latest year available, the U.S. Department of Agriculture (USDA) reported that the sector contributed $775.8 billion toward GDP, a 4.8 percent share; the output of the nation's farms alone totaled $166.9 billion in 2012.