The latest monthly US livestock and meat trade data recorded pork exports at 607.5 million pounds, rising 35.3m pounds in November and brings current pork exports 29.5m pounds over a year earlier. Compared to last year-to-date, US pork exports for 2023 are up 397.7m pounds or +6.9% higher compared to the same months in 2022.
Most destinations for US pork reported increases in November. US pork to South Korea recorded the largest month-over-month rise, up 10.6m pounds from October and 7.1m pounds over last year. US pork to Japan increased by 8.9m pounds and is 1.5m pounds over last year, followed by Canada which rose 8.2m pounds on the month and is 1.3m pounds over a year earlier. Other destinations for US pork recorded more moderate increases - generally up around 2.0m pounds each, including; Australia, Guatemala, Chile, Colombia & Honduras.
US pork to China* (including Hong Kong & Taiwan) fell the most on the month, down 5.4m pounds from October and 34.3m pounds under a year earlier, while Mexico declined 3.1m pounds on the month but is 18.0m pounds over November 2022. US pork to the Philippines was also lower in the latest data, down another 1.4m pounds from previously reported and is 2.6m pounds under last year.
US pork imports fell in November from most locations, down 6.8m pounds or -6.3% from October however brings the latest imports 1.5m pounds or +1.5% over last year. Imports from Brazil and Italy were down the most, 2.9 and 2.5 million pounds lower respectively, with both locations also under year-ago levels. Imports from Canada climbed 451 thousand pounds on the month however is 362 thousand pounds under last year. Year-to-date, total US pork imports are 199.6m pounds or -16.0% under the same months last year. For comparison, the US imported 11.7m pounds more pork from Canada than it exported to the country in the month of November.
