The Dominican Republic strongly increases its purchases of pork from the US

Published Jan 16, 2023

Tridge summary

The Dominican Republic has seen a significant increase in US pork exports, which has been attributed to the free trade agreement between the two countries since 2007. In 2006, before the tariff rate on US pork was removed, exports were just over 4,000 tons with a value of $6.6 million. By 2010, this figure had increased to $38 million, and in 2020 it reached $90 million. Due to African Swine Fever outbreaks in the Dominican Republic, pig production is projected to decrease by 28% in 2022 and an additional 9% in 2023, leading to a decrease in self-sufficiency from 61% in 2020 to 32% in 2022. US pork exports to the Dominican Republic hit a record high in November, with a volume of 10,229 tons and a value of $30.1 million, marking a 70% increase and nearly doubling the value from the previous year, respectively.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to USMEF data, the Dominican Republic is a market dominated by US pork exports. The main reason is the free trade agreement between the two countries in force since 2007. In 2006, the last year that US pork was subject to the 25% tariff rate in the Dominican market, US exports were just over 4,000 tons, valued at $6.6 million. In 2010 they came to have a value of 38 million dollars and in 2020 they reached 90 million dollars. Today, with the ASF outbreaks in the Caribbean country, during 2022 according to the USDA pig production has been reduced by 28% and it is expected that in 2023 it will drop another 9%. Given this, USMEF believes that the country's self-sufficiency ...

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