HS Code:
The 'Of swine, frozen' category (HS Code: 0203.29) pertains to frozen meat of swine, excluding fresh or chilled meat. This includes cuts such as hams, shoulders, loins, and other parts, primarily used for human consumption. This category is a significant segment of the global meat trade, driven by demand for pork in various cuisines worldwide, especially in regions like Asia and Europe. The trade is influenced by factors such as production capacity, disease outbreaks (e.g., African Swine Fever), and trade agreements.
Total Trade Volume
Approximately $25 billion USD
Data from 2022
Source
United Nations Comtrade Database and World Trade Organization (WTO) Reports
$4.5 billion USD
18% of total trade of total trade
Increasing
$3.8 billion USD
15% of total trade of total trade
Stable
$3.2 billion USD
13% of total trade of total trade
Decreasing
$2.9 billion USD
12% of total trade of total trade
Increasing
$2.1 billion USD
8% of total trade of total trade
Stable
Average Rate
12.5%
Highest Rate
35% (imposed by certain Asian countries due to protective agricultural policies)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Rising demand in Asia-Pacific
Increased exports to countries like China and Japan due to dietary shifts and population growth, significantly boosting trade volumes for exporters like Brazil and Spain.
2020-2022
Impact of African Swine Fever (ASF)
ASF outbreaks in major producers like China have led to supply shortages, increasing global prices and shifting trade patterns toward unaffected regions.
2019-2022
Sustainability and ethical farming
Growing consumer preference for sustainably sourced pork is pushing exporters to adopt better farming practices, influencing market access in regions like the EU.
2021-2023
A new bilateral agreement was signed to increase pork exports from the EU to China, focusing on frozen swine products, with relaxed SPS measures.
March 2023
Expected to boost EU exports by 10% annually, particularly benefiting Spain and Denmark.
A resurgence of African Swine Fever in Germany led to temporary export bans by several Asian countries, affecting trade flows.
September 2022
Reduced German exports by 15%, redirecting demand to competitors like Brazil and the US.
Under the US-Mexico-Canada Agreement, tariffs on frozen swine products were reduced to 0% among member countries.
January 2023
Increased trade volume within North America, with the US gaining a larger market share in Mexico.