Mexico surpasses China as the third-best market for U.S. beef

Published 2023년 3월 17일

Tridge summary

In January, US bovine meat exports saw a 15% decrease in volume compared to the same period last year, with a total of 100,942 tons, and a 32% decrease in value, generating $702.3 million. Mexico became the third largest market for US beef, with a 20% increase in year-on-year terms, despite a contraction in exports to China and Japan, the top two destinations. The US Meat Exporters Federation expressed concerns about increasing competition with the opening of the Brazilian bovine protein market.

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

Original content

During January, US bovine meat exports experienced a contraction of 15% compared to the same period last year, ending at 100,942 t., this derived from percentage drops in the main destinations. In terms of value, the United States Meat Exporters Federation (USMEF) reported an even more pronounced decrease, in the order of 32%, with which these exchanges generated 702.3 million dollars. Shipments to Mexico, 20% higher than in 2022 Despite this, shipments to Mexico increased 20% in year-on-year terms versus 2022, reaching 17,479 tons, valued at 94.7 million dollars, which represented a growth of 19%. In the organization they expressed that although the presence in our country reflected a considerable expansion, the US industry could soon face greater competitiveness, as a result of the opening of the market for Brazilian bovine protein. With this volume, Mexico took its place from China as the third main destination for US beef, since sales to this Asian destination fell 24% in ...

Source: Ganaderia