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According to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF), October pork exports totaled 245,345 metric tons (mt), up 3% year-over-year and the largest since June, valued at $688.2 million – down 2% from a year ago. For the first 10 months of 2023, pork exports increased 9% from a year ago to 2.38 million mt, with value up 6% to $6.66 billion.
Pork exports to leading market Mexico reached a record 100,867 mt, soaring 19% from a year ago, while value climbed 9% to a record $221.1 million. January-October shipments to Mexico increased 13% over last year’s record pace to 895,221 mt, with value up 16% to $1.9 billion.
October pork exports to Colombia totaled 10,856 mt, up 35% from a year ago and the largest since June 2022. Export value climbed 42% to $30.4 million, the highest since November 2021 and third highest on record. While January-October exports to Colombia remained 11% below last year at 76,402 mt, export value edged 1% higher to $207.9 million.
Led by record shipments to Guatemala and robust growth in Honduras, Costa Rica and El Salvador, pork exports to Central America continued to gain momentum in October, soaring 35% from a year ago in volume (13,722 mt) and 37% in value ($42.2 million). January-October exports to the region were 12% higher at 102,783 mt, while value increased 18% to $301 million.
October exports to South Korea totaled 13,427 mt, up 6% from a year ago and the largest since June, while value was up 5% to $46.8 million.
October shipments to the Dominican Republic totaled 8,532 mt, the highest since April.
Pork exports to Japan are trending lower in 2023, including a 15% decline in October to 24,080 mt.
While pork muscle cut exports to China/Hong Kong are also trending lower (down 9% through October to 149,144 mt), pork variety meat exports to the region remain 4% above last year’s record pace at 280,682 mt, valued at $720.4 million (up 6%).
December 7, 2023/ USMEF/ United States.
https://www.usmef.org
