Record US pork exports to Dominican Republic

Published 2023년 2월 28일

Tridge summary

The Dominican Republic (DR) saw a significant increase in U.S. pork imports in 2022, driven by African swine fever causing a sharp decline in the country's domestic pork production. U.S. pork exports to the DR surged to a record 85,550 metric tons, valued at $233.6 million, marking a 46% increase in volume and a 55% increase in value from the previous year. As the DR's self-sufficiency in pork production drops, there is growing potential for U.S. pork to meet the demand in the retail sector. The U.S. pork industry is actively exploring various opportunities within the DR market, focusing on high-quality cuts and convenience-based products, with support from the National Pork Board, the soybean checkoff, and U.S. Department of Agriculture programs.

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

Original content

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 and in 2020, shipments reached nearly 40,000 mt valued at more than $90 million. U.S. exports to the DR were record-shattering in 2022, coming in at 85,550 mt (up 46% from 2021), with value reaching $ 233.6 million (up 55%), according to USDA data compiled by USMEF. African swine fever (ASF) sparked a significant decline in the DR’s domestic pork industry and the impact does not appear to be short-lived. With nationwide control and eradication efforts ongoing, swine production in the DR fell by 28% year-over-year in 2022 and an additional 9% decline is projected in 2023, according to data available from USDA Foreign Agricultural Service. USMEF estimates that the DR’s self-sufficiency in pork production decreased from 61% in 2020 ...

Source: EuroMeat