US: March pork exports are the largest in nearly two years

Published 2023년 5월 9일

Tridge summary

In March, U.S. pork exports reached their ninth largest volume on record with 260,195 metric tons, a 17% increase from the previous year, and a value of $724 million, an 18% increase. The first quarter saw a 14% increase in exports, reaching 716,691 metric tons, with a value of $1.96 billion, a 15% increase. There was notable growth in exports to Mexico, Dominican Republic, and the Philippines, with Mexico's imports of Brazilian pork also contributing to the figure. The ASEAN region, especially Malaysia, also showed strong demand for U.S. pork, with increased imports.

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

Original content

March pork exports totaled 260,195 metric tons (mt), up 17% year-over-year and the ninth largest volume on record. Export value was also ninth largest at $724 million, up 18% from a year ago. These results capped a strong first quarter for U.S. pork as exports reached 716,691 mt, up 14% from a year ago, valued at $1.96 billion (up 15%). "It’s great to see U.S. pork exports continue to expand in many of our Western Hemisphere markets, but there is also notable momentum in the Asia Pacific", said USMEF President and CEO Dan Halstrom. "With consumer activity in the region rebounding toward pre-COVID levels and U.S. pork very competitively priced compared to European product, 2023 holds excellent potential for broad-based growth". March was another terrific month for pork exports to Mexico, which remain well above last year’s record pace. March exports totaled 95,030 mt, up 15% from a year ago and the second largest on record (behind January 2023), while value climbed 31% to $195.7 ...

Source: EuroMeat