Pork exports from the United States showed outstanding results in the first half of the year

June pork exports to the leading market, Mexico, were up 19% year-over-year to 85,853 tons, with value up 8% to $179.4 million. These results allowed exports in the first half of the year to reach a record pace of 532,934 tons, which is 14% more than a year ago, and the value increased by 21% to $1.07 billion. 

Taiwan's demand for American pork has soared this year, with June exports up 915% year-over-year to 3,767 tons, the highest in 14 years. The value of exports in June was $12.3 million, an increase of more than 1,000%. Pork exports to Taiwan jumped 531% in the first half from last year's lows to 10,280 tons, with a value up 598% to $33.5 million.

Despite consistently low pork prices in CHINA in the first half of the year and large stocks of pork in the domestic market, US pork exports to China /Hong Kong increased in 2023. In the first half of the year, exports to the region amounted to 275,358 tons. 24% more than a year ago, in the amount of $716.2 million (up 20%). Pork exports to China in June hit a record high of 173,647 tons, up 30% year-on-year and valued at $461 million (24% up). Pork prices in China have risen sharply since mid-July, but the effect of this trend was not reflected in the results of exports in the first half of the year.