Pig Meat in United States | The Observatory of Economic Complexity

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Exports In 2022, United States exported $5.38B in Pig Meat, making it the 2nd largest exporter of Pig Meat in the world. At the same year, Pig Meat was the 66th most exported product in United States. The main destination of Pig Meat exports from United States are: Mexico ($1.86B), Japan ($1.04B), South Korea ($540M), China ($526M), and Canada ($387M).

The fastest growing export markets for Pig Meat of United States between 2021 and 2022 were Mexico ($482M), Dominican Republic ($82.5M), and South Korea ($54M).

Imports In 2022, United States imported $1.75B in Pig Meat, becoming the 6th largest importer of Pig Meat in the world. At the same year, Pig Meat was the 274th most imported product in United States. United States imports Pig Meat primarily from: Canada ($1.12B), Denmark ($162M), Mexico ($153M), Poland ($64.6M), and Brazil ($62.8M).

The fastest growing import markets in Pig Meat for United States between 2021 and 2022 were Canada ($158M), Spain ($17.4M), and Mexico ($9.92M).

COMPANIES In 2023, leading companies such as JBS USA FOOD COMPANY (300), WAL-MART INC. (201), and CELEBRITY CRUISES INC. (2) were at the forefront of shipping Pig Meat to the United States.

Latest Trends

January 2024

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Overview In January 2024 United States' Pig Meat exports accounted up to $518M and imports accounted up to $117M, resulting in a positive trade balance of $400M. Between January 2023 and January 2024 the exports of United States' Pig Meat have increased by $42.3M (8.9%) from $476M to $518M, while imports increased by $13M (12.4%) from $104M to $117M.

Destinations In January 2024, Pig Meat were exported mostly to Mexico ($174M), Japan ($103M), South Korea ($64.4M), Canada ($36.5M), and Australia ($29.1M), and were imported mostly from Canada ($70.9M), Denmark ($12.2M), Mexico ($10.7M), Brazil ($10.2M), and Poland ($3.1M).

Growth In January 2024, the increase in Pig Meat's year-by-year exports was explained primarily by an increase in exports to Mexico ($45.9M or 40.2%), China ($15.2M or 46.4%), and Dominican Republic ($8.79M or 66.6%). In January 2024, the increase in Pig Meat's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$42.3M(8.9%)

IMPORT GROWTH (January 2023 - January 2024)$13M(12.4%)

MAIN EXPORTER (January 2024)Iowa$92.3M

MAIN DESTINATION (January 2024)Mexico$174M

This section shows Pig Meat's exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Pig Meat over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$5.38B

IMPORTS (2022)$1.75B

NET TRADE (2022)$3.63B

In 2022, United States exported $5.38B in Pig Meat. The main destinations of United States exports on Pig Meat were Mexico ($1.86B), Japan ($1.04B), South Korea ($540M), China ($526M), and Canada ($387M).

In 2022, United States imported $1.75B in Pig Meat, mainly from Canada ($1.12B), Denmark ($162M), Mexico ($153M), Poland ($64.6M), and Brazil ($62.8M).

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