June ethanol exports rose 29% on the month to 128.4 million gallons

In Washington, U.S. ethanol exports increased to 128.4 million gallons (mg) in June, according to data issued by the government and analyzed by the Renewable Fuels Association (RFA). This was a 29% jump from May.

Canada was the top destination for the second consecutive month, with a 28% increase in sales at 29.5 mg of ethanol. Shipments to Brazil nearly tripled in June to 28.0 mg, up 164% after sales plummeted 74% in May. India was the third-largest destination at 21.9 mg, a 52% gain over the prior month. Other top importers of American ethanol included South Korea (6.8 mg, down 24%), Colombia (6.8 mg, down 25%), Oman (6.3 mg), and Peru (6.1 mg). Total exports for the first half of the year stand at 759.9 mg—19% lower than the first six months of 2018. This implies an annualized export volume of 1.52 billion gallons which, if realized, would be the second-largest volume on record.

June shipments of U.S. undenatured fuel ethanol were 64.0 mg, a gain of 31% following a drop in May. Sales to our two largest customers, Brazil (25.6 mg, up 15 mg) and India (18.9 mg, up 4.5 mg), improved by an average of 78% in June and accounted for 70% of our global market for undenatured fuel. Other key destinations were Spain (5.8 mg) and Mexico (3.5 mg).

U.S. exports of denatured fuel ethanol experienced a 16% upturn in June at 53.5 mg. This includes a 30% bump in sales to Canada at 28.1 mg, which accounted for half of American product exported. Oman (6.3 mg), Peru (6.1 mg), and Colombia (6.0 mg) were other major markets.

U.S. sales of ethanol for non-fuel, non-beverage purposes rallied in June as 10.9 mg entered the global marketplace, over 6 mg above May volumes. U.S. shippers exported 7.1 mg of undenatured product, with the bulk distributed to Brazil (2.4 mg), Saudi Arabia (2.1 mg), South Korea, Colombia, and Canada. India (3.0 mg) sourced most exported denatured product for non-fuel, non-beverage purposes.

The U.S. imported 24.0 mg of undenatured fuel ethanol from Brazil in June. This was the largest monthly volume of foreign ethanol to enter the U.S. since Aug. 2018. Total imports for the first half of the year stand at 47.9 mg, compared to 1.6 mg the first six months of 2018. This implies an annualized import volume of 95.7 mg for 2019 which, if realized, would represent the largest volume in six years.