US pork exports in 2020 hit a new record

Published 2021년 2월 21일

Tridge summary

In 2020, US pork exports saw record numbers, largely due to demand from China, but with growth in various countries. Despite a decrease in exports to China / Hong Kong in the fourth quarter, other markets like Mexico and Japan saw increases. Pork exports to Mexico have recovered, and Japan increased its imports of US pork with tax reductions under the US-Japan Trade Agreement. Central America, Chile, and the Philippines also saw record pork exports from the US. Despite a slowdown in Colombia, demand is showing signs of recovery. The ASEAN region also set a record for pork imports from the US, with Vietnam seeing an 82% increase. The Caribbean also experienced a 10% increase in volume and 5% increase in value in pork exports.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

USMEF President and CEO Dan Halstrom said the surge in demand from China, especially in the first half of 2020, was the driving force behind the record-breaking US pork exports, but China did not. should be the only growth market in 2020, with exports growing in many countries. Diversification of export markets is a top priority for the USMEF and the US meat industry, which is already profitable - especially in the fourth quarter, when exports to China / Hong Kong fell 9% from 2019. but other markets all increased slightly. Export of pork of all kinds in December 2020 reached 259,654 tons, down 8% over the same period last year, turnover decreased by 10% to 687.2 million USD. Export of pork flakes decreased 8% in volume to 219,224 tons, turnover decreased by 11%, reaching $ 590.2 million. In the whole year 2020, the export of pork flakes reached a record of 2.51 million tons, equivalent to 6.67 billion USD, up 15% in volume and 12% in turnover compared to 2019. Export in December ...

Source: Vinanet