Demand from developing countries, along with higher farm commodity prices, explains recent growth in the value of U.S. exports. Foreign demand for wheat, soybeans, cotton, corn and their processed products accounts for about half of U.S. export value. U.S. farm exports to developing countries are now more than double what are exported to developed countries. Purchases by developing countries consistently have been greater than developed countries since 1994. Another shift in U.S. exports has been its changing composition. Since 2008, the share of high-value consumer products has climbed from 37 to 45 percent, while the share of bulk commodities has declined from 45 to 36 percent.
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