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U.S. Beef Exports Set New Record In Value, Second Best Year In 2003 By Volume

The U.S. beef industry exported 1,276,446 metric tons (mt) of beef and beef variety meats in 2003, beating last year’s total (1,233,769 mt) by more than 42,000 mt. The 2003 volume was only previously exceeded in 2000. U.S. beef exports were worth almost $3.9 billion in 2003, a 21 percent increase over 2002 and a new record. The just-released USDA statistics also record that Japan regained its position as the United States’ leading market, overtaking Mexico.

Leading Markets for U.S.Beef Plus Beef Variety Meat Exports 2003
	Quantity (mt)		Value (U.S. $000)
Country/Region	1/2003-12/2003	% chg	1/2003-12/2003	% chg
Japan	375,993	13%	$1,394,081	36%
Mexico	335,847	-4%	$877,039	3%
South Korea	246,958	4%	$815,757	26%
Canada	91,766	-6%	$330,804	11%
Russia	64,706	-9%	$54,436	-9%
Middle East	40,635	28%	$80,501	56%
China/Hong Kong	40,332	1%	$119,412	17%
ASEAN	19,516	59%	$31,668	-5%
Taiwan	19,225	3%	$76,500	36%
Caribbean	9,988	-2%	$35,198	13%
Total Worldwide Exports	1,276,446	3%	$3,862,111	21%

To view current and archived USMEF news online, please visit: http://www.usmef.org/IndustryNews/

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