Pig Meat in United States 2020 Exports | Imports : $5.88B | $1.04B, World Rnk 2 / 103 Rnk 43 / 1217 | World Rnk 9 / 219 Rnk 302 / 1214
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $811M | $35.4M, China | Mexico
Exports In 2020, United States exported $5.88B in Pig Meat, making it the 2nd largest exporter of Pig Meat in the world. At the same year, Pig Meat was the 43rd most exported product in United States. The main destination of Pig Meat exports from United States are: China ($1.67B), Japan ($1.23B), Mexico ($1.01B), Canada ($476M), and South Korea ($412M).
The fastest growing export markets for Pig Meat of United States between 2019 and 2020 were China ($811M), Canada ($93.7M), and Japan ($45.2M).
Imports In 2020, United States imported $1.04B in Pig Meat, becoming the 9th largest importer of Pig Meat in the world. At the same year, Pig Meat was the 302nd most imported product in United States. United States imports Pig Meat primarily from: Canada ($649M), Mexico ($94.7M), Denmark ($89.3M), Poland ($66.1M), and Brazil ($33.1M).
The fastest growing import markets in Pig Meat for United States between 2019 and 2020 were Mexico ($35.4M), Denmark ($18.9M), and Hungary ($12.5M).
Tariffs In 2017, the average tariff for United States in Pig Meat was 0.16%. The countries with the highest import tariffs for Pig Meat were Equatorial Guinea (Most Favoured Nation duty rate treatement, 0.23%), Libya (Most Favoured Nation duty rate treatement, 0.23%), Mayotte (Most Favoured Nation duty rate treatement, 0.23%), Reunion (Most Favoured Nation duty rate treatement, 0.23%), and Sudan (Most Favoured Nation duty rate treatement, 0.23%).
January 2022
Overview In January 2022 United States' Pig Meat exports accounted up to $405M and imports accounted up to $148M, resulting in a positive trade balance of $257M. Between January 2021 and January 2022 the exports of United States' Pig Meat have decreased by $-87.9M (-17.8%) from $492M to $405M, while imports increased by $52.1M (54.4%) from $95.8M to $148M.
Destinations In January 2022, Pig Meat were exported mostly to Mexico ($114M), Japan ($105M), South Korea ($53.8M), Canada ($35.2M), and China ($32.7M), and were imported mostly from Canada ($85.4M), Denmark ($19M), Mexico ($13.4M), Poland ($7.56M), and Brazil ($6.56M).
Growth In January 2022, the decrease in Pig Meat's year-by-year exports was explained primarily by a decrease in exports to China ($-76.5M or -40.5%), Mexico ($-20.3M or -18.7%), and Australia ($-12.7M or -38.7%). In January 2022, the increase in Pig Meat's year-by-year imports was explained primarily by an increase in imports from Denmark ($6.53M or 124%), Hungary ($2.6M or 1.51k%), and Mexico ($2.54M or 39.7%).
EXPORT GROWTH (January 2021 - January 2022): $-87.9M, (-17.8%)
IMPORT GROWTH (January 2021 - January 2022): $52.1M, (54.4%)
MAIN EXPORTER (January 2022): Iowa, $84M
MAIN DESTINATION (January 2022): Mexico, $114M
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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EXPORTS (2020): $5.88B
IMPORTS (2020): $1.04B
NET TRADE (2020): $4.83B
In 2020, United States exported $5.88B in Pig Meat. The main destinations of United States exports on Pig Meat were China ($1.67B), Japan ($1.23B), Mexico ($1.01B), Canada ($476M), and South Korea ($412M).
In 2020, United States imported $1.04B in Pig Meat, mainly from Canada ($649M), Mexico ($94.7M), Denmark ($89.3M), Poland ($66.1M), and Brazil ($33.1M).
IN 2020, United States HAD A POSITIVE NET TRADE IN Pig Meat WITH:
IN 2020, United States HAD A NEGATIVE NET TRADE IN Pig Meat WITH:
THE FASTEST GROWING Pig Meat EXPORT MARKETS FOR United States WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pig Meat BY United States WERE (2019 - 2020):
In 2019, United States's main exporting competitors in Pig Meat were:
In 2017, the average tariff for United States in Pig Meat was 0.16%.
The countries with the highest tariffs for Pig Meat in United States were Equatorial Guinea (Most Favoured Nation duty rate treatement, 0.23%), Libya (Most Favoured Nation duty rate treatement, 0.23%), Mayotte (Most Favoured Nation duty rate treatement, 0.23%), Reunion (Most Favoured Nation duty rate treatement, 0.23%), and Sudan (Most Favoured Nation duty rate treatement, 0.23%).
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