HS Code:
The Pork category, classified under HS Code 0203, includes fresh, chilled, or frozen meat of swine. This category is a significant segment of the global meat trade, driven by high demand in various cuisines worldwide, particularly in Asia, Europe, and North America. Pork is a staple protein source, and its trade is influenced by factors such as production capacity, disease outbreaks (e.g., African Swine Fever), and trade agreements. Major exporters include countries with large-scale industrial farming, while importers often face domestic supply shortages or cultural dietary preferences.
Total Trade Volume
Approximately $30 billion USD
Data from 2022
Source
United Nations Comtrade Database, World Trade Organization (WTO)
$5.2 billion USD
17.3% of total trade of total trade
Increasing
$4.8 billion USD
16.0% of total trade of total trade
Stable
$3.9 billion USD
13.0% of total trade of total trade
Decreasing
$3.5 billion USD
11.7% of total trade of total trade
Stable
$2.8 billion USD
9.3% of total trade of total trade
Increasing
Average Rate
12.5% ad valorem
Highest Rate
Up to 65% (in certain markets like China during trade disputes or protective measures)
Lowest Rate
0% (under free trade agreements such as EU internal trade or USMCA)
Rising demand in Asia, particularly China
Significant increase in export opportunities for major producers due to China's recovery from African Swine Fever outbreaks and growing protein consumption
2021-2023
Shift towards sustainable and ethical farming
Increased costs for producers due to stricter animal welfare regulations in the EU and consumer preference for sustainably sourced pork
2020-2023
Impact of disease outbreaks
Disruptions in supply chains and trade bans due to African Swine Fever, particularly affecting European and Asian markets
2019-2022
Negotiations between the European Union and China to reduce tariffs and increase pork exports to meet China's growing demand.
March 2023
Potential for increased market access for EU exporters, especially Spain and Denmark, boosting trade volume by an estimated 10%.
New cases of African Swine Fever detected in German pig farms, leading to temporary export bans by key importing countries like China and Japan.
September 2022
Significant reduction in German pork exports, creating opportunities for competitors like the US and Spain.
Updated provisions under the US-Mexico-Canada Agreement to facilitate pork trade with reduced tariffs and streamlined customs processes.
January 2023
Strengthened North American pork trade, with the US increasing exports to Mexico by 8% in the first half of 2023.