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August pork exports totaled 238,989 metric tons (mt), up 6% from a year ago but the second lowest of 2024. Export value increased 8% to $702.9 million. For January through August, pork exports were just under 2 million mt, up 4% from a year ago, while valued climbed 7% to $5.68 billion. Pork export value was on a record pace through August, and USMEF projects both export volume and value will reach record highs in 2024.
Pork exports to leading market Mexico remain on a record pace, with August shipments up 4% from a year ago to 94,935 mt, while value climbed 9% to $230.6 million.
Pork export value to South America reached a record high in August at $45.3 million, up 97% from a year ago. Export value to Colombia surged to a record $39.6 million, more than doubling from a year ago and up 16% from the previous high in November 2023. Export volume to the region climbed 83% to 14,961 mt, the highest in nine months, with Colombia reaching the second largest total on record at 13,341 mt.
Soaring demand in Costa Rica, Nicaragua and Panama, as well as steady growth in leading markets Honduras and Guatemala, delivered another impressive month for U.S. pork in Central America. August exports to the region increased 31% from a year ago to 11,417 mt, valued at $36 million (up 38%).
Led by significant growth in the Philippines and record-large shipments to Malaysia, August pork exports to the ASEAN region reached 7,130 mt, up 45% from a year ago, while export value climbed 35% to $16.2 million.
While demand from China/Hong Kong remains sluggish, August pork exports to the region achieved a slight year-over-year increase at 37,794 mt, while value climbed 8% to $93.8 million. Through August, exports to China/Hong Kong were 14% below last year at 303,027, while value fell 19% to $726.3 million. Pork variety meat accounts for about 70% of the export volume to China/Hong Kong, which remains the largest destination for these items.
October 9, 2024/ USMEF/ United States.
https://www.usmef.org
