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International Agricultural Trade Report

U.S. Beef Exports to East Asia on Record Pace

U.S. beef exports to East Asia in 2022 are again on record pace after a record year in 2021. Despite economic uncertainties due to the COVID-19 pandemic, continued global supply chain challenges, and a competitive global beef market, U.S. beef exports to East Asia, both in value and volume, were outstanding in the first half of 2022.
Attaché Report (GAIN)

Hong Kong: The Hong Kong Wonton - Volume 2 Issue 23

Bite size local news, Post reports and activity summaries wrapped by ATO Hong Kong. In this issue: ATO Concludes 2022 Delicious USA Campaign; Hong Kong Scraps COVID-19 Mandatory Contact-Tracing App and Movement Restrictions on International Arrivals
Attaché Report (GAIN)

Hong Kong: Agricultural Biotechnology Annual

In the past year, Hong Kong did not have any policy changes to regulations pertaining to genetically engineered (GE) products, while monitoring the development of synthetic biology. Hong Kong does not maintain specific regulations for GE products, which are subject to the same food regulations of conventional foods.
From January – September 2022, U.S. agricultural and food exports to Hong Kong declined 16 percent to $1 billion compared to the same period last year. During this same period, Hong Kong’s ranking as a U.S. agricultural and food export market slid from 15th in 2021 to 25th in 2022. However, the city held its rank as the 7th largest export market for U.S. consumer-ready food products.
Attaché Report (GAIN)

Taiwan: Agricultural Biotechnology Annual

Since the previous report, Taiwan has granted new approvals for imports of genetically engineered (GE) products for processing, food, and feed use. Taiwan has never permitted domestic production of GE crops or animals. In 2021, Taiwan imported close to $1.2 billion of U.S. GE crops including soybeans, corn, and cotton, accounting for 30 percent of total U.S. agricultural exports to the island.
Attaché Report (GAIN)

Hong Kong: The Hong Kong Wonton - Volume 2 Issue 22

The United States Becomes Hong Kong’s Top Ginseng Supplier; Hong Kong Travel Agency Predicts Comeback of Travel Business; Finance Minister Confident in Hong Kong’s Economic Fundamentals; Hopes for Normalcy Drive Sales of Hong Kong Shops; Macau to Ditch ‘Gambling Hub’ Image in Next Decade; Macau’s GDP Dropped 33 Percent to $4.6 Billion in Third Quarter
Since 2019, Taiwan took a cautious attitude regarding the COVID-19 pandemic but is now finally loosening its border controls and mask mandates. Unlike during the pandemic when people were more inclined to cook at home, now consumers are again looking for quick and convenient food and beverage options.
Hong Kong is revising its residue limits for heavy metals and pesticides in Chinese herbal medicines in adherence with China’s Pharmacopoeia (2020 Edition). Effective December 31, 2023, ginseng products will be subject to revised limits on heavy metals. Stricter limits for DDT (pesticides) will be conducted in two phases starting December 31, 2026.
In 2021, Taiwan was the sixth largest export market for U.S. food and agricultural products, valued over $3.78 billion. Imported food and agricultural products must comply with a range of laws designed to protect human health and prevent the introduction of animal and plant pests or diseases.
This report lists major export certificates required by the Taiwan government to export food and agricultural products to Taiwan. For more information on import requirements, see the Taiwan Food and Agricultural Import Regulations and Standards Report.