By The Financial District
Feb 7, 20232 min
Japan's agricultural, fishery and forestry product exports rose 14.3% in 2022 from a year earlier to a record 1.4 trillion yen ($10.9 billion), government data showed, due to the yen's weakness and overseas dining industries' recovery from the coronavirus pandemic, Mainichi Japan reported.
Photo Insert: Scallop exports to markets including China and the United States were particularly strong, jumping 42.4% from a year earlier to 91 billion yen.
It marked a 10th consecutive record-breaking year, the farm ministry said. Prime Minister Fumio Kishida's government aims to increase agricultural and fishery exports to 2 trillion yen by 2025 and 5 trillion yen by 2030.
Products in all categories logged their best-ever results in the reporting year, with agricultural product exports accounting for 887 billion yen, fishery products for 387.3 billion yen, and forestry-related items for 63.8 billion yen.
Scallop exports to markets including China and the United States were particularly strong, jumping 42.4% from a year earlier to 91 billion yen.
The Ministry of Agriculture, Forestry and Fisheries said alcoholic beverages also posted good results, with exports of Japanese whiskies rising 21.5% to 56 billion yen and sake increasing 18.2% to 47.4 billion yen.
Beef exports, however, declined 4% to 52 billion yen due to falling consumption in the US amid rising prices.
Lower catches also led to decreased exports of tuna and mackerel, according to the ministry. Exports were partly boosted by the 2022 entry into force of the Regional Comprehensive Economic Partnership (RCEP), an Asia-Pacific free trade agreement involving 15 nations including Japan, Australia, China, Singapore and South Korea.
China topped the list, with such exports to the country rising 25.2% to 278.3 billion yen. Other major markets included Hong Kong and the US. The record-high figure for 2022 marked a 500 billion yen increase from pre-pandemic 2019, when such exports were valued at 912.1 billion yen.