U.S. agricultural exports contributed $412 billion to the U.S. economy in 2022

U.S. farm and food product exports create substantial value and generate widespread economic activity both within and outside of the agricultural sector. In general, increased exports of agricultural products lead to higher demand for transportation services, packaging materials, or financial services, creating additional economic activity and employment opportunities. USDA's Economic Research Service (ERS) estimates the additional value of economic activity generated annually by agricultural exports using an agricultural trade multiplier model. This model measures the employment and output effects of trade in farm and food products on the U.S. economy. In 2022, the value of U.S. agricultural exports, comprising both commodities and food products, reached $197.4 billion. In turn, these exports generated an additional $214.6 billion in economic activity. Included in this activity, the services, trade, and transportation sector generated an estimated $73.6 billion. On the farm, agricultural exports supported business activities valued at $70.4 billion. An additional $52.5 billion was created through other manufacturing activities, along with a further $18.1 billion associated with food processing. Including the value of the exports themselves, U.S. agricultural exports generated a total economic output of $412 billion in 2022. Put another way, every $1 of U.S. agricultural product exported generated a total of $2.09 of domestic economic activity, on average. This chart is drawn from the ERS Agricultural Trade Multiplier, May 2024.