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Pork exports top record, beef finishes strong

AmyLaughinghouse iStock Thinkstock Pork exports to China/Hong Kong totaled 1.04 million metric tons in 2020, up 56% from a year ago. Feb 09, 2021 U.S. pork exports reached nearly 3 million metric tons (mt) in 2020, topping the 2019 record by 11%, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Pork export value also climbed 11% to a record $7.71 billion. USMEF pointed out that exports set new annual records in China/Hong Kong, Central America, Vietnam, and Chile, and achieved strong fourth-quarter growth in Japan and Mexico U.S. beef exports finished 2020 lower year-over-year, falling 5% in both volume (1.25 million mt) and value ($7.65 billion). Still, USMEF said beef exports finished the year with very strong momentum, with fourth-quarter volume up 4.5% from 2019 and posting one of the best months on record in December. Beef exports to China were record-large in 2020 and a new volume record was also achieved

Pork exports shatter previous records in 2020

U.S. pork exports reached nearly 3 million metric tons (mt) in 2020, topping the 2019 record by 11%, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Pork export value also climbed 11% to a record $7.71 billion. Exports set new annual records in China/Hong Kong, Central America, Vietnam and Chile, and achieved strong fourth quarter growth in Japan and Mexico. Obviously the surge in demand from China, especially in the first half of 2020, was a driving force behind the record performance for U.S. pork exports, said USMEF President and CEO Dan Halstrom. But China was not the only success story in 2020, as exports achieved growth in a broad range of markets. Diversifying export markets is a top priority for USMEF and the U.S. industry, and that strategy paid dividends - especially in the fourth quarter, when exports to China/Hong Kong were down 9% from 2019 but shipments to the rest of the world nearly offset that slowdown.

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