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Ethanol Trade Summary

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Yusran Satriawan

Academic year: 2024

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2023 U.S. ETHANOL EXPORTS

U.S. ethanol exports continued to grow in 2023, hitting 1.43 billion gallons—the third-highest volume on record. American- made ethanol was exported to 83 countries on all six inhabited continents.

Denatured ethanol accounted for 73% of fuel ethanol exports, spurred by shipments to Canada. Exports exceeded 100 million gallons each month in 2023 and closed the year with a particularly strong December, as purchases by other top destinations such as the United Kingdom, European Union, and India accelerated.

Source: U.S. Census Bureau, Department of Commerce 1

839 910

1,161

1,387 1,675

1,447 1,314

1,232 1,312 1,430

- 200 400 600 800 1,000 1,200 1,400 1,600 1,800

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

Million Gallons

U.S. Ethanol Exports

- 20 40 60 80 100 120 140 160

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Million Gallons

Monthly U.S. Ethanol Exports, by Type

Denatured Fuel Ethanol Undenatured Fuel Ethanol Undenatured Ethanol, Other Denatured Ethanol, Other

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2023 U.S. ETHANOL EXPORTS

Export markets were a vital source of demand for the U.S.

ethanol industry, with more than 9% of production shipped to foreign countries—a high share by historical standards.

The value of U.S.

ethanol exports hit a record $3.82 billion in 2023, eclipsing the previous high-water mark set a year earlier, as global fuel prices remained elevated.

Source: U.S. Census Bureau, Department of Commerce 2

5.9% 6.1%

7.5%

8.7%

10.4%

9.2% 9.4%

8.2% 8.5%

9.2%

0%

1%

2%

3%

4%

5%

6%

7%

8%

9%

10%

11%

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

Export Share of Ethanol Production

$0

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

$4,000

$4,500

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

Million Dollars

Value of Ethanol Exports

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2023 ETHANOL EXPORTS:

TOP MARKETS

Canada (45%)

United Kingdom

(11%)

European Union (9%)

Philippines (2%) S. Korea

(7%)

Rest of World

(6%)

India (6%) Mexico

(4%)

U.S. Ethanol Export Markets

Change 2022

Total 2023

Total Und.

Other Den.

Other Und.

Fuel Den.

Fuel Country

27%

503.5 638.6

12.4 34.0

1.6 590.6

Canada

140%

66.8 160.1

0.0 0.0

72.9 87.1

United Kingdom

2%

125.3 127.6

12.9 0.4

50.9 63.4

European Union

-39%

153.8 94.6

17.8 7.2

35.0 34.5

South Korea

27%

72.8 92.7

34.9 5.9

24.7 27.2

India

614%

10.3 73.2

7.3 1.7

45.3 18.9

Colombia

-16%

63.3 52.9

22.0 4.6

25.2 1.1

Mexico

34%

38.9 52.3

0.0 4.5

26.0 21.9

Peru

-28%

41.7 30.0

3.8 0.0

20.7 5.5

Philippines

6%

24.2 25.6

0.0 5.3

19.0 1.3

Jamaica

Ethanol export volumes to the top 10 markets in 2023 are shown below. All figures are shown in millions of gallons, unless otherwise noted.

Sources: U.S. Census Bureau, Department of Commerce 3

Peru (4%)

Colombia (5%) Jamaica

(2%)

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ETHANOL EXPORT DESTINATIONS

North America was by far the largest regional destination

for U.S. exports in 2023. There were substantial shipments

to the European Union and South America, while those to East Asia receded.

Exports to Canada set a single-year record for any destination.

The United Kingdom became the second- largest market in the aftermath of its

introduction of a 10- percent ethanol blend. However, shipments to Brazil were negligible due to a punitive 16-percent tariff that was in place most of the year.

Sources: U.S. Census Bureau, Dept. of Commerce, Dept. of Agriculture 4

0 200 400 600 800 1,000 1,200 1,400 1,600 1,800

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

Million Gallons

U.S. Ethanol Exports by Region

North America South America East Asia

Southeast Asia South Asia European Union-27 Middle East North Africa All Others

0 50 100 150 200 250 300 350 400 450 500 550 600 650

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

Million Gallons

Changing U.S. Ethanol Export Markets

Canada UK EU South Korea Brazil

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Net exports of ethanol were the second highest ever in 2023, as exports rose and imports fell. The U.S.

was a net exporter for the 14th straight year.

More than half of U.S.

ethanol exports

departed via the Gulf of Mexico. Shipments via Detroit increased significantly as a gateway to Canada.

Volumes were also shipped from the Pacific Northwest, Northern Tier and East Coast.

5 755 817

1,127 1,311

1,597

1,247

1,136 1,173 1,233 1,409

0 300 600 900 1,200 1,500 1,800

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

Million Gallons

U.S. Net Ethanol Exports Top Ports/Districts of Exit for Ethanol Exports

Houston / Galveston

(40%)

New Orleans

(14%)

New York Detroit (2%)

(20%) Pembina, ND(10%)

Duluth (3%)

Laredo(1%)

Savannah (1%)

2023 NET EXPORTS AND HUBS

Source: U.S. Census Bureau, Department of Commerce Great Falls, MT

(2%) Seattle

(6%)

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2023 U.S. ETHANOL IMPORTS

U.S. imports of fuel ethanol fell to 21 million gallons in 2023, the lowest level in more than a

decade.

Virtually all fuel ethanol imports continued to come

from Brazil, the second-largest producer in the world, behind only the U.S.

Source: U.S. Census Bureau, Department of Commerce 84 93

34

77 78

200 177

58 79

- 21 20 40 60 80 100 120 140 160 180 200

2014 2015 2016 2017 2018 2019 2020 2021 20222023

Million Gallons

U.S. Fuel Ethanol Imports

10.5

6.8

3.3

0 5 10 15

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Million Gallons

Monthly U.S. Ethanol Imports

6

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2023 U.S. ETHANOL IMPORTS

Ethanol enhanced America’s energy security, as imports accounted for a negligible share of U.S. ethanol

consumption in 2023.

Top Ports of Entry for Ethanol Imports

Source: U.S. Census Bureau, Department of Commerce San Francisco

(51%) California received

half of the fuel ethanol imported into the U.S. in 2023, due to favorable treatment under the state’s Low Carbon Fuel Standard.

Significant volumes also were imported into the Northeast.

0.6% 0.7%

0.2%

0.5% 0.5%

1.4% 1.4%

0.4%

0.6%

0.0% 0.1%

0.2%

0.4%

0.6%

0.8%

1.0%

1.2%

1.4%

1.6%

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

Ethanol Imports:

Share of Total U.S. Ethanol Usage

7 New York

(27%)

Providence (21%)

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ABOUT THE DATA IN THIS REPORT

U.S. Ethanol Export Data

• The export data in this report includes exports classified under the following Harmonized Tariff Schedule (HTS) codes:

• 2207200010: Ethyl alcohol and other spirits, denatured, of any strength: For fuel use

• 2207106010: Undenatured ethyl alcohol of an alcoholic strength by volume of 80 percent vol. or higher: For non-beverage purposes: For fuel use

• 2207200090: Ethyl alcohol and other spirits, denatured, of any strength: Other

• 2207106090: Undenatured ethyl alcohol of an alcoholic strength by volume of 80 percent vol. or higher: For non-beverage purposes: Other

• 2207200090 and 2207106090 are included in this report because there is anecdotal evidence that exports of ethanol intended for fuel use are sometimes classified under these codes. In any case, ethanol classified under these codes represented 14% of the 2023 U.S. exports discussed in this report.

U.S. Ethanol Import Data

• The import data in this report includes imports classified under the following Harmonized Tariff Schedule (HTS) codes:

• 2207200010: Ethyl alcohol and other spirits, denatured, of any strength: For fuel use

• 2207106010: Undenatured ethyl alcohol of an alcoholic strength by volume of 80 percent vol. or higher: For non-beverage purposes: For fuel use

Sources

• All data in this report comes from the U.S. Census Bureau, Department of Commerce

This report was prepared by Scott Richman, who may be contacted at [email protected] 636.594.2284.

The Renewable Fuels Association publishes monthly summaries of export and import data for ethanol and distillers dried grains in its Trade Monitor.

Copyright © 2024 Renewable Fuels Association. All Rights Reserved

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Copyright © 2024 Renewable Fuels Association. All Rights Reserved

Renewable Fuels Association

16024 Manchester Road Suite 101

Ellisville, MO 63011 636.594.2284

www.EthanolRFA.org

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