Several news outlets reported this week that China and South Korea are nearing conclusion of negotiations on a bilateral free trade agreement. But with pork – including processed products – being excluded from the negotiations, the FTA is not expected to impact pork trade in the region.
While China is the world’s fifth-largest pork exporter, it serves a very limited range of markets. Through September, China’s 2014 pork/pork variety meat exports totaled 154,549 metric tons (mt), with 56 percent of this total (85,859 mt) going to Hong Kong. Processed products destined for Japan made up 17 percent (26,008 mt). Other markets of significance included the Philippines, Kyrgyzstan and Malaysia. As USMEF has previously reported, two Chinese pork plants are now eligible to export to Russia. But the plants were not approved to ship to Russia until Oct. 11, so those exports are not yet posted.
Data source: Global Trade Atlas