The US exported 215 million gallons (814 litres) of ethanol in March, close to its record of nearly 220 million gallons in February, the US Grains Council (USGC), an export-focused trade body, said earlier this month.
Exports in both months are far above the previous record of 178 million gallons set in December 2011.
Since the start of the 2017/2018 marketing year in September 2017 and up through March, the US has exported almost one billion gallons of ethanol, representing a year-over-year increase of 15%.
“The incredible cost-competitiveness of U.S. ethanol has enabled sales to break through tariffs and set new records despite numerous trade policy issues,” said USGC chief economist Mike Dwyer.
Brazil remains the largest importer, purchasing 349 million gallons in the seven-month period, up 12% year-over-year. Exports to China grew 57% to 77.4 million gallons, while the EU increased imports 749% to 47.2 million gallons, although most of that is believed to be re-exported.
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US ethanol exports remain strong in March