TOKYO, Jan 31 (News On Japan) –
Japan’s agricultural, forestry, and fishery product exports reached an unprecedented excessive in 2023, for the eleventh consecutive yr, regardless of exports to China skilled a downturn due the backlash over the discharge of handled water in Fukushima.
The Ministry of Agriculture, Forestry, and Fisheries introduced that the export worth of those merchandise and foodstuffs elevated by 2.9% from the earlier yr, totaling 1,4547 trillion yen. This marks the eleventh consecutive yr of record-breaking exports.
The surge in eating out globally post-COVID-19 and the extended weak yen have contributed positively to this development.
In phrases of particular person objects, exports of pearls, inexperienced tea, and beef noticed substantial will increase.
However, the state of affairs was totally different for exports to China. Since the discharge of handled water from the Fukushima Daiichi Nuclear Power Plant in August final yr, China’s import restrictions proceed, resulting in a 14.6% lower in exports to China, amounting to 237.6 billion yen.
Seafood similar to scallops and merchandise generally utilized in Japanese eating places, like sake, have been amongst those who noticed a decline.
Despite these challenges, the Ministry acknowledged the efforts and diversification of exporters as optimistic components. The ministry stays dedicated to increasing the export worth to 2 trillion yen by 2025, regardless of the continuing import restrictions by China and different hurdles.
Source: ANN