Of the 14.3 billion gallons of ethanol produced in the United States in 2014, a near-record 836 gallons were exported.
Per a report by the Renewable Fuel Association, those exported gallons went to 51 countries around the world, with the top five importers being Canada, Brazil, United Arab Emirates, Philippines and India. The amount of U.S.-made ethanol exported in 2014 comes second to the amount in 2011, when 1.2 billion gallons were sent abroad.
While most export markets continue to flourish, producers saw a continued reduction of exports to the European Union in 2013 and 2014, the result of tariffs against U.S. ethanol.
On the other side, ethanol imports into the U.S. market fell 79 percent in 2014 from 400 million gallons to just 84 million. The figure is the second-lowest on record, behind the 18 million gallons imported in 2010. The majority of the imported ethanol was Brazil, which sent 60.8 million gallons to the U.S. last year, down 83 percent from 2013’s shipment of 348.2 million.
The industry group hopes to add more markets for U.S. ethanol in 2015, having gone on trade missions in Panama, China, Peru, Japan and South Korea in 2014 to help encourage importation, and vowing to “keep at it until all countries understand the value of U.S produced ethanol.”
The post US Ethanol Exports Reach Near-Record Levels In 2014 appeared first on The Truth About Cars.
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