According to the USDA's Livestock, Dairy and Poultry report, first quarter U.S. pork exports were 1.4 billion pounds, 15.8 percent ahead of last year. The five strongest markets for U.S. pork are shown in the table below. Firstquarter exports to China likely represent the tail end of deliveries of large purchases made in 2011.

The USDA’s Foreign Agricultural Service expects 2012 China’s pork imports from all sources to decline by 14 percent. See http://www.fas.usda.gov/dlp/circular/2012/livestock_0412.pdf.

USDA also forecasts a 14-percent reduction in South Korea’s imports in 2012, from all sources, as the pork sector recovers steadily from 2010-11 outbreaks of foot and mouth disease. The Government of South Korea recently announced that it would limit the initial 70,000 metric tons (MT) duty free tariff rate quota (TRQ) for fresh/frozen pork bellies announced for the period April-June to 20,000 MT.

First Quarter 2012 (1Q12) U.S. exports to five largest foreign markets

 

 

 

 

 

Share of Exports

 

 

Q1 2012

Q1 2011

Q1 2012/
Q1 2011

Q1 2012

Q1 2011

 

 

--Mil. Lbs.--

--Mil. Lbs.--

%

%

%

 

World

1,444

1,247

16

 -

 -

1

Japan

376

364

3

26

29

2

Mexico

309

269

15

21

22

3

China

193

83

133

13

7

4

South Korea

147

172

-15

10

14

5

Canada

136

106

28

9

8

Source: ERS\USDA. http://www.ers.usda.gov/Data/MeatTrade/