Mexican pork imports maintain growth rate

Imports

• Cumulative pork imports from January to July totaled 901,570 tons (t), an increase of 3.5% over the same period in 2022.

• Their total value reached USD 1799.8 million, resulting in an implicit price of USD 1996/t, an increase of 8.0% compared to the average for the same period of the previous year (USD 1848/t).

• Demand from the processing industry remains strong and drives imports, despite rising prices.

• Approximately 10.5% of total imports in the period came from Chile and 5.3% from Brazil, while the remaining 84% were mostly U.S. products.

Exports

• The volume of exports during the January-July period fell by 14.0% compared to the same period of the previous year, from 143,679 to 123,568 metric tons.

• The value of these (USD 484.3 million) decreased by 15.7% and the average export price was USD 3920/ton.

• The low sales of pork to the Chinese market could explain these results.