In the year of COVID, it is difficult to assign precise reasons for changes in trade flows but following are some observations about U.S. agricultural trade in the year to date:
U.S. exports to India have taken the largest fall, but Bangladesh next door has seen the largest increase.
A drop in exports to Hong Kong could have been exacerbated by civil unrest/freedom protests, and the drop in products to Sub-Saharan Africa might be within a usual range given its smaller volumes.
The increase in exports to China will be claimed as Phase One agreement gains.
U.S. agricultural imports from France have taken the greatest beating, likely due to targeting with punitive tariffs.
Reductions in U.S. exp...
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