The primary reason for the decrease is increased export competition for corn and wheat. Stronger prices and higher export volume for most oilseed products more than offset the decline for soybeans. Continued poor economic performance and increased competition slowed exports to Asia. The export forecast for Western Europe is also lowered because of increased competition. In contrast, shipments to Mexico and Canada are stronger than anticipated, and their forecasts are raised.
Vegetables now exceed coffee as the leading and fastest growing import.
Includes pulses and corn products.