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While trade tensions and China’s retaliatory tariffs slashed U.S. agricultural exports to China in 2018 and 2019,
Taiwan is an important trading partner and offers many opportunities for sales of U.S. food and agricultural products.
There is an array of opportunities for U.S. agricultural exporters in Japan, though its unique culture and regulatory environment present challenges.
At a combined $23.8 billion, China and Hong Kong represent 18 percent of U.S. agricultural exports to the world, up from 10 percent just a decade ago.
U.S. agricultural exports to Southeast Asia have experienced extremely rapid growth in recent years and, in FY 2014, they climbed to a record $11.5 billion – up 11 percent from FY 2013.
A rapidly growing middle class in North Asia is expected to boost demand for U.S. agricultural exports over the next decade.
A look at U.S. exports to South Korea in the year since since the United States-Korea Free Trade Agreement entered into force.
Indonesia is one of the most dynamic growth markets for U.S. agricultural exports, with strong economic performance and rapid urbanization propelling changes in consumption and trade.