Japan, with 125 million people and a high per capita income, is a large food market. It imports about 60 percent of its food.
The Japanese give utmost importance to quality, and in particular, freshness of food. They are increasingly concerned about food safety and traceability, and are willing to pay higher prices to guarantee this.
Japan’s agricultural imports reached nearly $60 billion in 2013, making it the world’s fourth-largest importer, after the United States, China and the European Union, according to the US Department of Agriculture. The United States is the leading agricultural supplier with $13.8 billion, comprising about one-fourth of Japan’s total agricultural imports. The Association of Southeast Asian Nations, China and the EU-27 are the next large suppliers.
Two-way trade
In 2013, Japan’s two-way trade with Asean for agri-food products reached $15.8 billion: only $2.8 billion of exports, and $13 billion of imports, or a large trade deficit of over $10 billion.
This article will track the agri-food trade performance of selected Asean countries with Japan between 2003 and 2013. It will also identify the major exports and imports to the said country.
-----------------
In other words ASEAN is Japan's agricultural source.
Good for Japan, Good for ASEAN economy.
What is the score with Japan-Asean agri-food trade?
The Japanese give utmost importance to quality, and in particular, freshness of food. They are increasingly concerned about food safety and traceability, and are willing to pay higher prices to guarantee this.
Japan’s agricultural imports reached nearly $60 billion in 2013, making it the world’s fourth-largest importer, after the United States, China and the European Union, according to the US Department of Agriculture. The United States is the leading agricultural supplier with $13.8 billion, comprising about one-fourth of Japan’s total agricultural imports. The Association of Southeast Asian Nations, China and the EU-27 are the next large suppliers.
Two-way trade
In 2013, Japan’s two-way trade with Asean for agri-food products reached $15.8 billion: only $2.8 billion of exports, and $13 billion of imports, or a large trade deficit of over $10 billion.
This article will track the agri-food trade performance of selected Asean countries with Japan between 2003 and 2013. It will also identify the major exports and imports to the said country.
-----------------
In other words ASEAN is Japan's agricultural source.
Good for Japan, Good for ASEAN economy.
What is the score with Japan-Asean agri-food trade?
