Pork and Hogs
In 2020, the value of U.S. pork & pork product exports to the world reached a record $7.7 billion, up 11 percent from the prior year. The top three markets, accounting for 66 percent of exports, were China at $2.3 billion, Japan at $1.6 billion, and Mexico at $1.2 billion. China overtook Japan as the top market for U.S. pork as African swine fever (ASF) continued to limit China’s domestic pork supplies and buoy demand for imports. However, exports to Japan also rebounded with implementation of lower tariffs under the U.S.-Japan Trade Agreement and major U.S. competitors increasingly focused on the Chinese market. Meanwhile, U.S. exports to Mexico struggled in 2020 as a depreciating peso and weak economy stifled import demand.
USDA's latest official data on U.S. and global trade, production, consumption and stocks, as well as analysis of developments affecting world trade in pork, can be found in the Livestock and Poultry: World Markets and Trade report.