Japan's farm exports hit record high in 2022

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Japan's farm exports hit record high in 2022

The Japanese exports of agricultural, forestry and fishery products hit a new all time high for the 10th consecutive year in 2022, according to government data released Friday.

Exports rose 14.3% from the previous year to 1,414. According to the preliminary data released by the Agriculture, Forestry and Fisheries Ministry, 8 billion dollars are being made thanks to brisk demand from restaurants amid an economic recovery from the COVID 19 pandemic and improved price competitiveness.

There are concerns about the future trend of Japanese farm exports, as soaring prices hurt consumption in the United States and Europe in the latter half of 2022.

Japan exported agricultural products to a record high last year. The country s exports of forestry products and fishery products reached their highest levels ever, respectively.

Exports of alcoholic beverages, including whisky and sake, climbed 21.4% to 139.2 billion.

The fruit and vegetables exports rose 24.3% to 47.4 billion, led by strong shipments of apples and strawberries.

The ministry said it will make steady efforts to achieve its goal of boosting Japan's overall farm exports to 2 trillion in 2025 ahead of schedule.

In December alone, Japan's exports of agricultural, forest and fishery products increased by 7.5% from a year ago to 130.8 billion, hitting a new record high for a single month. shipments to the United States fell due to price increases, but exports to China, Taiwan and Hong Kong were solid.