According to new statistical reports released today by the Renewable Fuels Association, the value of the U.S. ethanol industry’s exports soared to a record level of $7.2 billion in 2022. Ethanol export volumes strengthened to 1.35 billion gallons in 2022, the fourth-highest level on record, amid tight global fuel supplies. Meanwhile, distillers grains shipments registered at 11.0 million metric tons, down slightly from 2021.
“At a time when global petroleum and agricultural markets were affected by the Russian invasion of Ukraine, the U.S. ethanol industry was proud to enhance energy security at home while at the same time augmenting fuel and feed supplies overseas,” said RFA President and CEO Geoff Cooper. “Exports generated over $7 billion in revenues, providing a vital market for U.S. ethanol producers. Additionally, American-made ethanol helped improve air quality and reduce carbon emissions in more than 80 countries around the world.”
As detailed in the ethanol trade summary report, the 1.35 billion gallons exported in 2022 represented an increase of 9 percent over 2021 and the highest volume since 2019. The value of U.S. ethanol exports surged to $3.77 billion, a record high and an increase of $1 billion over 2021. Shipments to Canada set an annual record for a single destination, tallying more than 500 million gallons. South Korea, the European Union, India, Mexico, and the United Kingdom also were sizable markets.
U.S. imports of fuel ethanol rebounded 36 percent to 79 million gallons, with virtually all imports sourced from Brazil. Still, the U.S. remained a net exporter for the thirteenth consecutive year, as imports accounted for less than 1 percent of domestic consumption.
The U.S. supplied distillers grains to more than 50 countries. Mexico remained the top export market with a 20 percent share, followed by Vietnam and South Korea.
Hard copies of these analyses will be available to attendees at RFA’s upcoming National Ethanol Conference in Orlando, Fla.
