Full Length Research Paper
The United States is the world’s largest poultry producer and exports about 18% of its total poultry production. With the global demand for poultry products projected to rise further, understanding key factors in world trade is essential for better trade. We study the influence of key demand factors, that is, exchange rate, poultry price and income of importing country on US poultry products. We focused on the top five importers namely, Mexico, Canada, China, Hong Kong, and Russia. A fixed effects model and a double-log multiple regression model are used. All three demand factors in a country were significantly associated with the quantity of poultry. Exchange rate negatively influenced US exports to the five countries. However, the magnitude, direction, and significance of these three variables varied for each country as shown in the country-level regression estimates.
Key words: Exchange rate, poultry trade, US poultry exports, poultry exports.
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