Port exports to Mexico in March nearly doubled in volume from the same month in 2008, and increased by 76 percent by value to $65.2 million. For the first quarter, pork exports rose 74 percent by volume and 66 percent by value.
'This performance is remarkable considering the sluggish economic conditions in Mexico, though these results do not reflect the economic slowdown Mexico has endured over the past few weeks due to H1N1 Influenza,' the USMEF said in a statement.
'The good news is that U.S. pork has been performing extremely well in Mexico, and we have continued to grow the market at a very strong pace,' said Chad Russell, USMEF regional director for Mexico and the Dominican Republic. 'The bad news, obviously, is the disruption that has taken place in the market since that time. We have a significant rebuilding project underway with regard to pork demand and consumer activity in general, but these numbers give us confidence that U.S. pork has a solid following and will bounce back quickly.'
While pork exports to Japan — the No. 1 market for U.S. pork — have grown 13 percent by volume and 26 percent by value in the first quarter, other Asian markets have not been so robust.
'Pork exports to the China-Hong Kong region have declined by 36 percent compared to the first quarter of 2008, with exports to Russia declining 38 percent in volume and 44 percent in value,' the federation said. 'These declines have been largely offset, however, by growth in Taiwan, the ASEAN region, the Caribbean, Australia and Central and South America.'
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The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now