US beef exports to China and South Korea below last year - USMEF
Beef exports to China/Hong Kong highest since October
11 May 2023
1 minute read
By: Beef shipments to South Korea and China/Hong Kong are below last year, according to data released by USDA and compiled by USMEF.
Although March beef shipments to South Korea were down slightly from a year ago, export volume was the largest in 10 months at 25,605 mt. Export value was down significantly from the enormous total posted in March 2022, but was still the highest since August at $200.5 million. For the first quarter, exports to Korea trailed last year’s record pace by 15% in volume (63,883 mt) and 36% in value ($505.3 million).
March beef exports to China/Hong Kong were also below last year but were the largest since October at 21,211 mt. March export value was $188.5 million, down 9% from a year ago but also the highest since October. First quarter exports to China/Hong Kong were down 11% from a year ago to 55,122 mt, while value fell 18% to $477.2 million.
