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Pork exports totaled 226,206 mt in October, down 7% from a year ago, while export value slipped 3.5% to $618.8 million. For January through October, pork exports were up slightly from a year ago in volume (2.47 million mt) and increased 8% in value ($6.84 billion).
Pork exports to Mexico continued to strengthen in October as shipments reached a new monthly high of 83,929 mt, up 38% from a year ago, while value increased 37% to $143.8 million. Through October, exports to Mexico increased 28% to 707,157 mt, valued at $1.38 billion (up 55%). Exports are also ahead of the record pace established in 2017, when full-year shipments to Mexico exceeded 800,000 mt and topped $1.5 billion in value.
Although China’s demand for pork muscle cuts has softened significantly, it remains a critical, value-adding destination for U.S. pork variety meat. Through October, pork variety meat exports to the China/Hong Kong region were 22% above last year’s large totals at 284,568 mt and climbed 27% in value to $685.9 million. Total pork exports to China/Hong Kong were down 24% from a year ago in volume (661,637 mt) and 22% lower in value ($1.5 billion).
Following a down year in 2020, pork exports to Colombia have rebounded dramatically. October exports set a new monthly record of 11,752 mt, pushing January-October exports 59% above last year at 82,657 mt. Export value reached $201.1 million, up 79%. This is roughly even with the pre-COVID record volume pace of 2019, while 2021 value is nearly 20% higher.
December 8, 2021/ USMEF/ United States.
https://www.usmef.org
