Monday, January 25, 2021

Opportunities for U.S. Agricultural Exports to Southern Asia

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Opportunities for U.S. Agricultural Exports to Southern Asia

South Asia, which includes Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka, accounts for 24 percent of the world's population, with 1.84 billion people in 2019. Over the past five years, U.S. agricultural exports to the region have grown 85 percent, from $2.30 billion in 2015 to $4.25 billion in 2019, led by cotton, tree nuts, soybeans, and dairy products. U.S. bulk commodities are being purchased by large companies in South Asia that recognize the value of U.S. products. In addition, the region's expanding middle class and increasing number of households with disposable income, combined with growing demand for protein products, makes it a promising market for imports of intermediate and consumer-oriented goods from the United States. Careful attention to changing consumer demands remains key for U.S. businesses to take advantage of the region's import growth potential.

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