Japan
U.S. Trade with Japan in 2023
Export Market Rank
#5 Among U.S. Agricultural Export Markets
Total Export Value
$11.89 Billion
3-Year Average
$13.58 Billion
Compound Average Growth
-1.33% (2014-2023)
Total Export Value 2014 - 2023
Export Value by Commodity 2023
Top 10 Exports to Japan in 2023
| Commodity | Total Value (USD) | Total Volume (Metric Tons) | 10-Year Average Value (USD) | 10-Year Growth |
|---|---|---|---|---|
| Corn | $2.07 Billion | 7.21 Million | $2.39 Billion | -23% |
| Beef & Beef Products | $1.81 Billion | 243,249 | $1.88 Billion | 15% |
| Pork & Pork Products | $1.41 Billion | 344,186 | $1.6 Billion | -27% |
| Soybeans | $1.37 Billion | 2.3 Million | $1.15 Billion | 36% |
| Wheat | $691.6 Million | 2.06 Million | $725.06 Million | -24% |
| Processed Vegetables | $607.33 Million | 386,468 | $505.58 Million | 26% |
| Rice | $414 Million | 266,800 | $270.47 Million | 73% |
| Dairy Products | $387.33 Million | 118,796 | $333.32 Million | -5% |
| Hay | $368.51 Million | 882,013 | $443.72 Million | -17% |
| Tree Nuts | $327.59 Million | 66,121 | $406.87 Million | -21% |
Data and Analysis
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.
In relation to persistent rising food prices, Japan has seen a decline in overall vegetable oil consumption. Due to the more favorable crush margin for canola compared to soybeans, FAS/Tokyo forecasts a reduction in soybean imports and crush, while seeing an increase in rapeseed imports and crush for both MY 2023/24 and MY 2024/25.
This report highlights Japan’s food processing industry, notable trends, and a market snapshot of western Japan. The industry experienced a 4.1 percent decline in the value of food produced in 2023 from 2022 on a dollar basis totaling $182 billion compared to $190 billion in 2022.
News and Features
Private exporters reported the following sales activity: 155,000 MT of corn for delivery to Japan during MY 2024/2025 and 228,000 MT of soybean meal for delivery to the Philippines during MY 2023/2024.
Private exporters reported sales of 124,000 MT of corn for delivery to Japan during MY 2023/2024.
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