USDA economists predict the U.S. agricultural trade deficit will reach $42.5 billion in fiscal year 2025. That compares to a projected trade gap of $31.5 billion this year. Exports are forecast at $169.5 billion, down $4 billion from 2024. Imports are expected to be up $8 billion to $212 billion. The lower value of corn, soybeans and cotton combined with lower volumes of beef exports are big parts of the trade deficit story.
