The price of Vietnamese sweet potato exported to Japan is 3 times higher than that of Chinese sweet potato

The Import-Export Department (Ministry of Industry and Trade) said that according to calculations from the statistics of the International Trade Center (ITC), Japan's import of sweet potatoes in the first 10 months of 2020 reached 11,030 tons, worth 13, $ 86 million, down 6% in volume and 15.2% in value over the same period in 2019. The average import price of sweet potatoes in Japan in the first 10 months of 2020 reached 1,257 USD / ton, down 9.7 % y / y in 2019. Japan has demand for sweet potatoes because in addition to making snacks, sweet potatoes are also used as a substitute for rice in Japanese wine production (shochu) in Japan. China is the largest supplier of sweet potatoes to Japan, reaching 5,300 tons in the first 10 months of 2020, up nearly 12% over the same period in 2019, accounting for 48.4% of the total value of Japanese sweet potato imports. , up 7.8 percentage points over the same period in 2019. Vietnam is the second largest supplier market for Japan with 3,500 ...