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Ample opportunities exist for U.S. agricultural exports to South Korea. Highlighted in the chart above, U.S. agricultural product exports were a record $9.5 billion in 2022, up 2 percent from 2021. South Korea is the sixth largest export market for the United States, thanks in part to a successful free trade agreement (KORUS) between the two countries and a robust demand for high-quality U.S. food products.
Japan is one of the world’s leading consumers of seafood. In 2022, it imported $15 billion of seafood products, making it the world’s third largest importer. Half of Japan’s seafood demand is met by imports. The United States is the third largest seafood supplier to Japan, specializing in salmon, cod, pollock, herring, crab, and lobster.
On February 24, 2023, the Ministry of Health and Family Welfare/Food Safety and Standards Authority of India (FSSAI) issued an order pertaining to FSSAI Order TIC-20012/2021-IMPORTS-FSSAI (E2475), extending the compliance date for a third time for Imports of Milk, Pork, and Fish Products.
Taiwan’s overall seafood imports reached US$2.1 billion in 2022, up 20 percent from 2021, with imports from the United States decreasing slightly to US$32 million.