U.S. pork exports robust in January

Published Mar 13, 2023

Tridge summary

In January, pork exports experienced a 13% increase to 236,767 metric tons and a 16% rise in export value to $643.4 million, compared to the same period last year. Mexico set a volume record with pork exports, reaching 96,800 mt, and saw a 40% surge in export value to $191.2 million, despite U.S. Pork facing competition. Strong pork exports were also reported to the Dominican Republic and China/Hong Kong, with China's demand for pork expected to grow in 2023. There was also a notable increase in pork exports to Japan, Canada, Honduras, and the ASEAN region. Additionally, pork variety meat exports remained robust, with a 34% increase in volume and an 18% increase in value.

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

Original content

January pork exports totaled 236,767 metric tons (mt), up 13% year-over-year, while export value climbed 16% to $643.4 million. Exports to Mexico, which finished 2022 on a remarkable run on the way to an annual record, set another volume record in January. Export volume for the month was a record 96,800 mt, up 11% from a year ago and 7% above the previous high in December 2022. January export value soared 40% to $191.2 million. Lawsuit for U.S. Pork is surging even as it faces increasing competition in Mexico, due to suspension of import duties for all eligible suppliers through the end of 2023. Mexico also recently opened to some imports from Brazil. Pork exports to the Dominican Republic also remained strong in January, increasing 28% year-over-year to 8,185 mt, while export value jumped 67% to $23.8 million. While pork production in China has recovered from its ASF-impacted lows, demand is expected to strengthen somewhat in 2023 as importers and consumers respond to the recent ...

Source: Pig 333