The agricultural trade deficit, or the value of exports from the U.S. versus imports into the country, increased in the first eight months of the fiscal year.
USDA data says the deficit was at $15.2 billion so far in the 2023-2024 marketing year that runs through September 30.
That compares with a deficit of $3.89 billion during the same period last year. From October 1, 2023, through the end of May, exporters shipped $122.3 billion worth of agricultural products.
At the same time, the agency report says importers brought in $137.6 billion in goods.
