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Pork exports reached 238,198 metric tons (mt) in October, up 5% from a year ago and the largest since June 2021. Pork export value increased 13% to $697.3 million, the highest since May 2021. For January through October, pork exports were 12% below last year at 2.18 million mt, valued at $6.26 billion (down 8%).
Pork variety meat exports were particularly strong in October at 55,271 mt – up 33% from a year ago and the second-largest volume on record. Variety meat export value was record high at $126.2 million, up 29%. While growth was driven primarily by record exports to China/Hong Kong (37,499 mt, up 51% from a year ago), exports also increased significantly to Mexico (11,941 mt, the largest since early 2020) and Japan (1,225 mt, the largest since 2018). For January through October, global exports of U.S. pork variety meat totaled 426,232 mt, down 5% from a year ago (when pork variety meat exports reached the third highest annual total on record), valued at $1.03 billion (down 1% from last year’s record pace).
For pork and pork variety meat exports, October was another terrific month for leading market Mexico. While exports increased modestly in volume (84,915 mt, up 1% year-over-year), export value to Mexico reached a record $203.1 million – up 41% from a year ago.
October pork exports to China/Hong Kong climbed 37% from a year ago to 57,345 mt, valued at $141.3 million (up 39%). While driven in large part by strengthening demand for variety meat, pork muscle cut exports to the region also increased 16% to 19,846 mt, valued at $54.1 million (up 37%).
October exports to South Korea increased 25% year-over-year to 12,535 mt, while value climbed 26% to $43.7 million.
October exports to the Dominican Republic reached 7,218 mt, up 45% from a year ago, while export value increased 59% to $21.8 million.
Exports to Colombia took a step back in October, with shipments declining 32% from last year’s large totals in both volume (8,009 mt) and value ($21.4 million).
December 7, 2022/ USMEF/ United States.
https://www.usmef.org
