Browse Data and Analysis

Vietnam is an emerging economy in Southeast Asia that has experienced rapid growth and development during the last few decades. As has historically been the case in many countries, growth in animal-based protein consumption has gone hand-in-hand with this economic development.

As countries roll back COVID-19 restrictions, foreign market demand for beef is becoming a bright spot for U.S. producers.

While trade tensions and China’s retaliatory tariffs slashed U.S. agricultural exports to China in 2018 and 2019,

Vietnam, Thailand, and Burma (Myanmar) are part of the fastest developing region in the world and account for roughly 221 million of Southeast Asia’s population.

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.

On December 8, 2017, Japan and the European Union (EU) announced the finalization of negotiations on the Japan-EU Economic Partnership Agreement (EPA).

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.

The United States is the world’s largest producer of beef but it also imports more beef than any other country.

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.