News

USA: Pork exports in November are the highest in the last 30 months

Other Frozen Pork Cuts
United States
Market & Price Trends
Published Jan 19, 2024

Tridge summary

In November, pork exports from the United States reached 258,601 metric tons, a 5% increase from the previous year, and the highest in six months, with a value of US$737.4 million, a 2% increase from the previous year, the highest since May 2021. The US share of the pork market imported by Mexico increased to 84% in 2023, with a record value of US$221.3 million and a 14% increase in export volume. Additionally, pork exports to countries in Central America, South America, and South Korea saw significant increases in both volume and value, while exports to China/Hong Kong trended substantially lower.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Pork exports in November totaled 258,601 metric tons (t), a 5% increase from the previous year and the highest in six months. The value of exports increased by 2%, to US$737.4 million, the highest since May 2021 and the seventh highest on record. From January to November, exports totaled 2.64 million tons, an increase of 8% compared to the previous year, valued at US$7.39 billion (an increase of 5%). Pork exports in November to the main market, Mexico, set a record value of US$221.3 million, a 5% increase over the grand total recorded a year ago. Export volume (100,313 tons) increased by 14% and was the second largest on record, only behind October 2023. Even with new suppliers to Mexico, the US share of the pork market imported by Mexico increased in 2023 , reaching 84%. Led by excellent growth in Honduras, Guatemala and El Salvador, pork exports to Central America set monthly volume and value records in November. Exports increased by 35% year-on-year to 16565 tonnes, while value ...
Source: 3tres3
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