U.S. May pork exports highest in two years

May pork exports reached 261,361 metric tons (mt), up 16% from a year ago, the ninth largest on record and the largest since May 2021. Export value climbed 12% to $731.1 million, also the highest since May 2021 and the seventh highest on record. Pork variety meat exports were particularly outstanding in May, setting a value record of $127 million.

Through the first five months of the year, pork and pork variety meat exports were 14% above last year’s pace at 1.22 million mt, valued at $3.35 billion (up 13%).

Pork exports to leading market Mexico remained on a record-shattering pace in May, soaring 21% from a year ago to 96,811 mt and climbing 16% in value to $198.9 million. This pushed January-May export volume to 447,081 mt, up 13% from a year ago, while value increased 24% to $890.1 million. While most pork shipments to Mexico are muscle cuts – either for further processing or as featured items in Mexico’s retail and foodservice sectors – Mexico’s demand for pork variety meat has also strengthened this year. Through May, variety meat shipments increased 46% to 64,232 mt, valued at $111.4 million (up 40%).

May pork exports to South Korea totaled 21,182 mt, up 25% from a year ago. Export value increased 21% to $73.4 million, the highest in more than five years and the fourth highest on record. Through May, exports to Korea climbed 15% year-over-year to 87,577 mt, valued at $283.5 million (up 6%). U.S. pork, which enters Korea at zero duty under the Korea-U.S. Free Trade Agreement, has achieved this growth despite an influx of Canadian, Mexican and Brazilian pork, which have benefited from Korea’s recent implementation of duty-free import quotas. Korea’s January-May imports of pork from the EU were down 23%, and this decline was not fully offset by strong growth from the U.S., Canada, Mexico and Brazil.

As noted above, exports of pork variety meat reached a record $127 million in May, up 24% from a year ago. Export volume was 51,826 mt, up 27% and the ninth largest on record. January-May variety exports are on a record pace, soaring 35% above last year’s pace to 246,856 mt, with value up 24% to $585.6 million. China remains the leading destination for U.S. pork variety meat, but 2023 export growth has also been driven by Mexico, the ASEAN, Canada, South America and the Caribbean.