U.S. beef exports set annual records for both volume and value in 2022, according to year-end data released by USDA and compiled by USMEF. Pork exports finished lower year-over-year, but export value was the third largest on record, trailing only the highs reached in 2020 and 2021. Pork exports continued to gain momentum in December, led by another outstanding performance in Mexico. While lamb exports slowed in December, 2022 shipments were sharply higher than the previous two years, approaching the pre-COVID levels of 2019.
Despite slowing toward the end of the year, beef exports reached 1.47 million metric tons (mt), up 2% from the previous high in 2021. Export value climbed to a record $11.68 billion, up 10% from 2021 and nearly 40% above the previous five-year average. The U.S. exported a record share of its record-large beef production in 2022, and at higher prices. Beef exports achieved annual records in many individual markets, including South Korea, China/Hong Kong, Taiwan, the Philippines, Singapore, Colombia, Guatemala and the Dominican Republic.