U.S. pork exports in June reached the highest export value in 14 months at 212,887 metric tons and $569.2 million. Exports to China and Mexico were a large reason for the increase in exports.
Removal of a retaliatory duty in Mexico led the U.S. to reach the highest monthly export values since April 2018, at $119 million, and the highest monthly export volumes since January 2019, at 59,837 metric tons, according to the U.S. Meat Export Federation (USMEF) website. USMEF President and CEO Dan Halstrom says USMEF is looking forward.
“USMEF’s marketing programs have ramped up in Mexico so that we can recapture lost market share and regain momentum in this critical market for U.S. pork,” Halstrom says.
The USMEF website also reports exports to China increased in June, a 123% year-over-year increase and the highest June volume in more than three years at 41,704 metric tons. However, retaliatory duties remain, and the European Union is still the primary pork supplier to China and Hong Kong.
Meanwhile, volume exports to Japan decreased 4% as U.S. pork export competitors received tariff relief through the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. While Japan slowed, exports to Colombia achieved a 20% increase in first-half exports from a year ago. U.S. pork exports also saw first-half volume exports increase 44% to Australia, a top-performing market for the U.S. Central America set records in 2018 and saw a first-half volume increase of 11% to 44,614 metric tons.