Friday, June 4, 2010

US Exports up 16.7% in the First Quarter

Exports from the US were up 16.7% in the first quarter of 2010, which means the US is on track to double exports in 5 years as proposed by President Obama.

Data highlights include:

The Commerce Department's Bureau of Economic Analysis (BEA) last week announced that U.S. exports totaled $434 billion during the January-March period of 2010, up 16.7 percent from the same period of 2009.

The largest percentage increases occurred in Taiwan (80%), Korea (66.2%), Malaysia (49.2%) and China (46.6%)
*info from
US Pork exports to Mexico exploded in the first quarter of 2010, valued at nearly $195 million.

The dollar value of pork exports to Mexico almost doubled from 2009.

“The growth we have achieved for U.S. pork in Mexico is just terrific,” said USMEF Chairman Jim Peterson, a rancher from Buffalo, Mont. “About this time last year, we were facing the A-H1N1 crisis and pork demand in Mexico looked like it might be in serious jeopardy. But we worked very hard to educate consumers and the trade there to keep the market open and maintain consumer confidence in our product. As a result, Mexico is now our leading volume market for U.S. pork. And now that prices are improving we’re seeing sustained buying at higher prices, which gives us impressive gains in export value.”  (from Pork News Source)

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