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United States May pork exports were 224,677 mt, down 21% from the large levels last year in May but the highest monthly volume since November. Export value was $655.1 million, down 24% but also the highest since November. Through May, pork exports were down 20% from a year ago to 1.07 million mt, valued at just under $3 billion (down 18%).
Pork exports to Mexico totaled 79,849 mt, up 12% from a year ago, while value climbed 13% to $171.2 million.
Pork exports to the Dominican Republic set a new record in April (8,966 mt) and nearly matched that total in May, increasing 126% from a year ago to 8,518 mt. Export value was also just short of the April record, increasing 110% to $21.2 million.
Following a record year in 2021, pork exports to Colombia started this year slowly but increased sharply in the second quarter. After a strong April, exports reached 9,710 mt in May (up 17% from a year ago), valued at $21.9 million (up 10%).
China is the dominant destination for U.S. pork variety meat, and exports showed an encouraging uptick in May. While still below last year, pork variety meat exports to China reached 24,159 mt in May, the largest since October, valued at $67.3 million (the highest since July). Through May, pork variety meat exports to China were down 21% from a year ago to 107,427 mt, with value falling 8% to $304.1 million. This is due in part to China’s COVID testing and tracing restrictions, which have hurt importers’ ability to profitably utilize imported pork variety meat. Through May, total pork and pork variety meat exports to the China/Hong Kong region were down significantly from a year ago in both volume (396,934 mt, down 56%) and value ($480.2 million, down 50%), as China’s overall imports trended toward 2019 levels.
July 8, 2022/ USMEF/ United States.
https://www.usmef.org
