Exports to South Korea up 42% over final 12 months
16 June 2023
2 minute learn
US beef exports to Mexico have soared to any other report tempo in 2023 and April was once once more a robust month, with quantity expanding 9% year-over-year to 80,214 mt, valued at $149.6 million (up 7%), in line with a information unlock from america Meat Export Federation (USMEF).
For January via April, shipments to Mexico crowned final 12 months by means of 10% in quantity (350,270 mt) and 27% in worth ($691.3 million). Whilst a lot of the quantity is destined for additional processing, america business continues to make spectacular strides in Mexico’s retail and foodservice sectors.
April beef exports to South Korea totaled 21,336 mt, up 42% from a 12 months in the past and the biggest since Might 2019, whilst export worth climbed 27% to $66.6 million. Via April, exports to Korea had been up 13% to 66,395 mt, valued at $210 million (up 1%). Korea lately opened any other duty-free quota for imported beef cuts, which essentially advantages Canadian, Mexican and Brazilian beef (america, EU and Chile have already got duty-free get right of entry to). Eligibility was once additionally lately restored for beef imports from one German slaughter plant situated in a area freed from African swine fever (ASF).
Red meat exports to Australia have made an excellent rebound in 2023, with April exports greater than doubling from a 12 months in the past to six,040 mt (up 143% and the best possible in two years), valued at $20.6 million (up 123%). Even supposing Australia restricts US beef to processed merchandise and uncooked subject material destined for additional processing, January-April exports climbed 54% to 16,146 mt, valued at $56.6 million (up 50%).