#worldtrademonth

Despite its relatively small size and location in Memphis, Tennessee, the Agricultural Marketing Service, Standardization & Engineering Division (S&E) within the USDA Cotton & Tobacco Program (C&T) plays a giant role in both the U.S. and international cotton marketing systems.

Donating used clothing to charities obviously helps clothe and employ fellow Americans, but other benefits fly below the radar: exporting worn textiles provides income to low- and middle-income foreign countries, and also helps the environment. That win-win-win situation gives new meaning to the phrase, “giving the shirt off your back.”

With May being World Trade Month, it is worth noting that the source of data to determine the U.S. supply of crops and livestock is America’s farmers and ranchers who fill out surveys from USDA’s National Agricultural Statistics Service (NASS). These statistics feed directly into the monthly World Supply and Demand Estimates report (WASDE), which shows how much food, feed, fuel, and fiber are available or expected to be available around the world throughout the year. These data are available free of charge to anyone who wants them and are widely regarded as the gold standard.

It’s World Trade Month and a good time to consider a few of the ways that USDA helps advance trade. USDA’s Animal and Plant Health Inspection Service (APHIS) plays a vital role in the free flow of agricultural trade by keeping U.S. agriculture free from pests and diseases and certifying that millions of U.S. agricultural and food products shipped to markets abroad meet the importing countries' entry requirements. Likewise, APHIS works to ensure all imported agricultural products shipped to the United States meet our requirements to prevent pests and diseases from harming U.S. agriculture. Last year the United States exported over $138 billion of agricultural products and imported over $120 billion.

The World Agricultural Supply and Demand Estimates (WASDE) is a monthly report providing a global look at the markets for key agricultural products. The many users include agricultural commodity traders, agricultural producers, processors, retailers and consumers, input suppliers, livestock and dairy feeders, and researchers interested in global agricultural markets. The market uses the WASDE report as a common understanding of current conditions under which many take actions to position themselves or make future plans based on the current global supply and demand situation.

Did you know that the United States is the world’s second largest agricultural exporter after the European Union? Agricultural trade supports American jobs and spurs non-farm economic activity. In 2016, U.S. agricultural exports required over one million full-time civilian jobs, including 764,000 jobs in the nonfarm sector. Each dollar of U.S. agricultural exports supported an additional $1.28 in farm and non-farm business activity. Moreover, U.S. agricultural trade surplus has historically helped to offset some of the trade deficit in non-agricultural sectors.

May is World Trade Month, a time to recognize and echo the importance of global trade, particularly fair trade. As we kickoff World Trade Month here at USDA, it’s important to acknowledge that trade is on our minds not only during May but every single day of the year. Our work supporting fair trade is a 24-hour job as few industries depend more upon – and benefit more from – trade than American agriculture.