Imports and exports in U.S. beef industry

In 2021, United States beef exports reached a new record of 3.4 billion pounds. This was a 1 percent increase from 2020, largely because of the fourfold increase in export to China which grew from just over 100 million pounds in 2020 to 540 million pounds in 2021. The U.S. beef exports to China have benefited from the Economic and Trade Agreement between the United States and the People’s…