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Japan's fresh vegetable market is estimated at approximately 14 million metric tons of which around 5 percent comes from imports. In 2023, the United States was the fourth largest supplier of fresh vegetables to Japan at $52 million and the second largest by volume at 46,309 metric tons.
On February 15, 2024, the Minimum Access Volume (MAV) Management Committee issued an Administrative Circular (AC) that increased the annual MAV or Tariff Rate Quota for chipping potatoes from 30,000 to 60,000 metric tons (MT).
On December 7, 2023, India's Ministry of Finance issued Custom Notification No. 64/2023, exempting imports of yellow peas (harmonized tariff system [HS] code 0713.1010) from customs duties and the Agriculture Infrastructure and Development CESS (AIDC) effective December 8, 2023, through March 31, 2024.
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.
Record-breaking heat in the summer of 2023 has damaged summer vegetables and delayed the planting of autumn and winter vegetables in Japan.
The U.S.-Japan Trade Agreement (USJTA) entered Year 5 of the agreement implementation on April 1, 2023. This report is one in a series of product briefs highlighting the tariff benefits for specific commodities and products from Year 5 (2023) to Year 7 (2025) of the Agreement.
The U.S.-Japan Trade Agreement (USJTA) entered Year 5 of the agreement implementation on April 1, 2023.
Canada will once again implement additional temporary import requirements for U.S. origin romaine lettuce for Fall 2023.
The 2022 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2022 calendar year.
European Union: European Commission Proposes to Update Marketing Standards for Agricultural Products
On April 21, the European Commission proposed to update the marketing standards of select agriculture products such as fresh fruit and vegetables, nuts, honey, juices, eggs and poultry.
Korea’s 2022 potato production decreased by 9.5 percent to 510,000 MT. Domestic Korean potato production is expected to continue gradually declining in the coming years, which may create more opportunities for imported U.S. fresh (chipping and table) potatoes despite an annual tariff rate quota cap of 4,000 metric tons.
The volume of U.S. fresh, dried, and processed fruit exports between 2012/13 and 2021/22 dropped 29 percent to 2.9 million metric tons[1]. However, a 25-percent gain in unit value during this period softened the decrease in value to just 11 percent lower as trade dropped $700 million to $6.0 billion.