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May pork exports totaled 251,447 mt, down 4% from a year ago, valued at $715.8 million (down 2%). Through the first five months of the year, exports were still up 6% to 1.29 million mt, while export value was 7% above last year’s record pace at $3.6 billion.
Although pork export volume to leading market Mexico slowed in May following record-large April shipments, export value still increased and 2024 demand remains on a record pace. May exports to Mexico totaled 91,338 mt, down 6% from a year ago, but value was 2% higher at $201.9 million.
Pork exports to Korea posted another robust performance in May, totaling 22,354 mt. This was up 6% from a year ago, while value increased 8% to $78.9 million. The U.S. industry continues to capitalize on Korean consumers’ growing appetite for convenient, easy-to-prepare entrées and snacks, while U.S. pork is also gaining traction in the foodservice sector.
Despite lower shipments to leading market Honduras, May pork exports to Central America increased 11% from a year ago to 11,711 mt, while export value climbed 26% to $37.8 million. May exports to Costa Rica nearly tripled from a year ago, while also gaining strength in Guatemala and El Salvador.
Led by larger shipments to the Philippines, Malaysia and Vietnam, May pork exports to the ASEAN region reached 9,235 mt, up 41% from a year ago and the largest since May 2021. This included record-large variety meat exports to the Philippines, totaling 4,483 mt.
Although May exports to Oceania were below last year’s large volume, shipments remained robust at 9,353 mt, valued at $32.8 million.
May pork exports to Japan held fairly steady with last year at 30,010 mt, while value was down 1% to $121.9 million.
July 7, 2024/ USMEF/ United States.
https://www.usmef.org
