Agriculture Accounted for 6% of Total U.S. Import Value in FY23

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Agricultural products account for an increasing share of total U.S. imports. From fiscal years (FY) 2004 to 2023, the value of U.S. imports of agricultural products rose an average 3.7% annually, adjusting for inflation, exceeding the overall rate of increase for total U.S. imports. Led by increases in processed food and beverages, horticultural products, and livestock products, agricultural imports are forecast to reach $204 billion in FY 2024 and a record $212 billion in FY

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