In 2024, U.S. ethanol exports reached a historic high of 1.9 billion gallons, valued at $4.3 billion. This marks a remarkable 36% increase in volume and a 13% increase in value compared to 2023, surpassing previous records set in 2018 for volume and in 2023 for value [b62e7848]. Growth Energy CEO Emily Skor highlighted the significance of these exports for economic growth, emphasizing their role in bolstering the U.S. economy [b62e7848].
Canada emerged as a key market, accounting for 35% of U.S. ethanol exports, while Colombia's reinstatement of the E10 blending requirement in February 2024 further stimulated demand [b62e7848]. The U.S. ethanol industry also achieved a notable trade surplus of $3.966 billion in 2024, reflecting its competitive edge in the global market [b62e7848].
However, the industry faces challenges from ongoing global trade barriers that could hinder further growth in exports. Despite these obstacles, the strong performance of U.S. ethanol exports underscores the sector's resilience and potential for future expansion [b62e7848]. As the market evolves, stakeholders will need to navigate these challenges while capitalizing on emerging opportunities in the biofuels sector [b62e7848].
