In 2022, the United States exported more than 450,000 metric tons of cheese, valued at approximately $2.3 billion. USDA’s Economic Research Service reports that top export markets include Mexico, South Korea, Japan, Australia, and Canada. U.S. cheese is a mainstay among imported cheeses in these countries. In 2022, U.S. cheese accounted for nearly one-fifth of cheese imported by Canada and Japan by value and nearly one-fourth of cheese imported by Australia. More than 43 percent of cheese shipped to South Korea originated from the United States. U.S. cheese dominates the import market in Mexico, with 87 percent of Mexico's cheese imports coming from the United States in 2022. Altogether, these five countries have accounted for nearly two-thirds of U.S. cheese exports since 2019, and U.S. cheese constitutes about a third of the value of all cheese imported by these five markets combined. Free trade agreements have partially supported U.S. cheese exports to each of these markets, including the U.S.-Mexico-Canada Agreement.
Thursday Closing Dairy Market Update - Product Output Increases
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