Overview of Japan's agricultural product trade from January to October 2024

1. In the first 10 months of 2024, the decline in Japan's agricultural product imports and exports slowed down According to statistics from the Japan Ministry of Finance, from January to October 2024, Japan's total agricultural product trade volume was US$69.34 billion, down 4.3% from the same period last year. Among them: exports were US$6.78 billion, down 7.3% from the same period last year; imports were US$62.56 billion, down 3.9% from the same period last year. The trade deficit was US$55.78 billion, narrowing by 3.5% from the same period last year. 2. The United States, Hong Kong, China and Taiwan, China are still the top three export markets for Japanese agricultural products, and China ranks fourth In the first 10 months, Japan exported US$1.23 billion of agricultural products to the United States, up 6.2% from the same period last year, accounting for 18.1% of its total agricultural product exports; exports of agricultural products to Hong Kong, China were US$940 million, ...