During the first half of 2012, U.S. exports of pork and pork products totaled 1,133,550 metric tons (MT) valued at $3.17 billion, an increase of about 5% by volume and 13% by value compared with the same period for 2011.
Free Trade Agreements
Exports will increase as a result of the implementation of free trade agreements (FTAs) with South Korea, Colombia and Panama. The Korea and Colombia FTAs entered into force in March and May 2012, respectively. The U.S.-Panama FTA is expected to enter into force in the latter half of 2012.