U.S. pork exports to Dominican Republic soar to record levels

Published 2023년 1월 11일

Tridge summary

The Dominican Republic (DR) has experienced a significant increase in pork imports from the United States since the Central America-DR-U.S. Free Trade Agreement was implemented in 2007, with U.S. pork exports to the DR quadrupling by 2010 and further increasing to nearly 40,000 metric tons in 2020. However, African swine fever outbreaks in the DR starting in 2021 led to a 28% decrease in the country's swine production in 2022, necessitating more imported pork. This situation temporarily suspended import duties on red meat and poultry, allowing more competition in the pork market and resulting in increased U.S. pork exports to the DR in November, reaching a record 10,229 metric tons. Despite the competition, the U.S. remains the primary supplier of pork to the DR, with exports to the country setting new records in both volume and value in 2022.

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

Original content

The United States has long been the dominant supplier of pork to the Dominican Republic, competing primarily with domestically raised pork. Exports have increased steadily since the DR implemented the Central America-DR-U.S. Free Trade Agreement in 2007, putting U.S. pork on course to enter the market at zero duty. In 2006, the last year in which U.S. pork was subject to the DR's 25% most-favored-nation tariff rate, U.S. exports were just over 4,000 metric tons, valued at $6.6 million. By 2010, exports more than quadrupled in volume and reached $38 million in value. In 2020, shipments reached nearly 40,000 mt valued at more than $90 million. While the COVID pandemic was a significant setback for the DR's foodservice and hospitality industries, the situation paved the way for increased opportunities for U.S. pork in the country's rapidly expanding retail sector and opened new avenues for communicating the attributes of U.S. pork directly to Dominican consumers. Demand proved very ...

Source: NationalHogFarmer