U.S. Agricultural Exports Reached All-time High of $6.1 Billion in Fiscal Year 1963-64
2022
Ontz, Robert L. | Rahe, Dewain H.
Excerpts from the report: U.S. agricultural exports are estimated at a record $6,115 million in fiscal year 1963-64, up 20 percent from the $5,078 million for the previous fiscal year. The figure for 1963-64 includes actual exports of $5,616 million for July-May and an estimate of $499 million for June. Principal increases occurred in wheat and flour, cotton, feed grains, soybeans, rice, tobacco, tallow, lard, dairy products, poultry products, and meat. Small declines took place for fruits, vegetables, and vegetable oils. Agricultural exports in 1963-64 were $2 billion larger than agricultural imports. This is the largest agricultural export balance on record in the past half century. The balance of trade for the past several years has been highly favorable, reflecting the pronounced upward trend in agricultural exports.
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