Ethanol exports fall 30% in February

In Washington, U.S. ethanol exports declined sharply in February, falling 30% to 138.7 million gallons (mg) amid significant fluctuations across key markets. Still, monthly volumes remained on par with year-ago levels. Half of all February shipments were directed to Canada and the European Union, with the remainder distributed among eight additional countries. Canada retained its position as the top destination for the 47th consecutive month, with exports easing 6% to 50.8 mg—representing 85% of all denatured fuel ethanol shipments. The European Union remained the largest market for undenatured fuel ethanol (36% share), though volumes fell 42% to a four-month low of 17.6 mg. Several other markets experienced notable shifts. Exports to the Philippines surged 33% to a nine-month high of 15.0 mg, while shipments to India dropped 62% to a five-month low of 13.3 mg. Mexico rebounded sharply, climbing 87% to 11.0 mg. In contrast, shipments to the United Kingdom declined 39% to a 15-month low of 8.6 mg, and exports to Colombia contracted 49% to a 14-month low of 6.8 mg. Other key destinations included South Korea (6.6 mg), Peru (6.1 mg), and Egypt (1.7 mg). Notably, Brazil and China were absent from the market in February. Year-to-date U.S. ethanol exports totaled 336.8 mg—17% ahead of the same period last year.