U.S. Pork Exports to China Remained Stable in July Despite High Tariffs

In July of last year, U.S. pork exports to China remained stable despite a general tariff of 57%. According to the U.S. Department of Agriculture, compiled by the U.S. Meat Export Federation (USMEF), the supply volume was 36,461 tons. The majority of the exports consisted of various by-products.

This is reported by AgroReview

Impact of Tariffs on Export Financial Performance

Compared to the previous year, when the tariff was 37%, the increase in the rate negatively affected the export value. A 13% decrease in sales revenue was recorded, amounting to $77.6 million. From the beginning of the year through July, the export volume to China decreased by 16%, totaling 218,005 tons, while the export value fell by 17%, reaching $513.3 million.

Reasons for the Decline in Exports in 2024

A key factor in the reduction of supply was the situation in April and May, when export volumes sharply declined due to the imposition of prohibitively high tariffs.

“From January to July, exports to China were 16% lower than last year in volume (218,005 tons) and 17% lower in value ($513.3 million). This was primarily due to a sharp decline in exports in April and May, when U.S. pork was subjected to prohibitively high tariffs.”