U.S. Beef Exports Reach $1 Billion Again

June 16, 2022

U.S. beef exports maintained a remarkable pace in April, topping $1 billion for the third time this year, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Beef exports totaled 124,408 metric tons (mt) in April, up 3% from a year ago and the fifth largest on record, while export value soared 33% to $1.05 billion. April exports to Taiwan and the Philippines were record-large and exports increased to Japan, China/Hong Kong, Indonesia, the Middle East and the Caribbean.  

For January through April, beef exports increased 5% from a year ago to 478,260 mt, valued at $4.05 billion (up 38%). For South Korea, the leading value destination for U.S. beef, export value already topped $1 billion, increasing nearly 50% from a year ago. 

“Global demand for U.S. beef continues to overcome enormous obstacles, from inflationary pressure to logistical challenges to the recent lockdowns in some of China’s major metropolitan areas,” said USMEF President and Chief Executive Officer Dan Halstrom. “Most encouraging is that even as beef exports climb to unprecedented levels in our largest Asian markets, demand is strengthening in other regions as well, fueled by a strong rebound in the foodservice sector.”