Potatoes USA Announces Exports Reach Record Value and Volume
DENVER, CO - The industry should be throwing a party—a potato party, that is. Potatoes USA recently announced that United States potato exports reached record value and volume in the 12-month period from July 2022–June 2023.
According to a press release, export values for this period increased 19.05 percent to $2.2 billion, and export volume increased 3.85 percent to 3.3 million metric tons (fresh weight equivalent). Export values increased across all categories (frozen, fresh, dehydrated, seed, and chips), with double-digit rises in all but seed potatoes.
Mexico became the United States’ largest potato export market for the first time, followed by Canada and Japan. The entire Mexican market opened to U.S. fresh potato exports in May 2022.
The value of fresh potato sales rose 15.57 percent from the previous 12 months to $310.4 million, though the volume of U.S. fresh potato shipments decreased slightly by 3.07 percent. The value of U.S. frozen potato exports rose by 20.43 percent, reaching $1.4 billion, despite a 4.54 percent decrease in volume compared to the previous 12 months. The value of exported dehydrated potatoes increased by 24 percent to reach $257 million, and volume increased by 25.63 percent to reach 965,523 metric tons.
Although representing smaller portions of exports, potato chips increased in value by 11.34 percent and in volume by 11.19 percent. Seed potato exports also increased in value by 3.68 percent, though volume decreased by 5.82 percent. The export value of potato chips and seed potatoes amounted to $219 million and $15.1 million, respectively.
Trade Data Monitor compiles the data from the United States Department of Commerce, Foreign Trade Division, using the Harmonized Coding System, Schedule B, the release noted. Potatoes USA accepts no liability for the content of these reports, or the consequences of any actions taken based on any information contained herein.
We will keep you informed as more news comes to light.