Browse Data and Analysis

On December 21, 2023, the State Council Tariff Commission (SCTC) announced its annual tariff adjustment plan that sets tentative import and export tariff rates for select commodities in 2024.

Korea's total citrus production is forecast at 570,000 metric tons (MT), a 2.1 percent decline from the previous marketing year (582,000 MT), driven by lower yield for open-field tangerines, and a slight reduction in planted area. As the prices of other domestic and imported fruits rise, consumption of relatively cheap citrus - both imported and domestic - is expected to remain strong.

Ample opportunities exist for U.S. agricultural exports to South Korea. Highlighted in the chart above, U.S. agricultural product exports were a record $9.5 billion in 2022, up 2 percent from 2021. South Korea is the sixth largest export market for the United States, thanks in part to a successful free trade agreement (KORUS) between the two countries and a robust demand for high-quality U.S. food products.

Although Indonesian dairy production is still reeling from the 2022 Foot and Mouth Disease (FMD) outbreak, imports of dairy ingredients are expected to decline in 2023.

The 2024 China Food and Dinks Fair (CFDF, also called Tangjiuhui) which includes a pre-show and expo, will be held from March 16-22nd, 2024, in Chengdu, the capital city of Sichuan Province. As one of China’s largest food and beverage trade shows...

Philippine imports of processed vegetables grew 35 percent year on year, reaching $460 million in 2022. Imports increased 40 percent as of August 2023, coinciding with a five percent rise in GDP during the first half of the year. The United States...

Milk production for 2024 in Australia is forecast to increase by 0.6 percent to 8.50 million metric tons (MMT) after stabilizing in 2023 at an estimated 8.45 MMT from previous years of declining production. The forecast is amid an El Niño weather pattern in late 2023, likely to continue into 2024.

Pursuant to General Administration of Customs of the People’s Republic of China (GACC) Department of Animal and Plant Quarantine (DAPQ) requirements, popcorn exporters are required to register exporting facilities prior to product shipment.

Japan’s National Tax Agency (NTA) proposed to recognize Single Malt Welsh Whisky as a geographical indication (GI) alcoholic beverage from the United Kingdom (UK).

On October 25, 2023, China notified the National Food Safety Standard for Raw Milk No. 1 Amendment to the World Trade Organization (WTO) under G/SPS/N/CHN/1288.

On October 25, 2023, China notified the National Food Safety Standard for Modified Milk to the World Trade Organization (WTO) under G/SPS/N/CHN/1287. The proposed date of entry into force is to be determined. Comments may be submitted to China’s SPS...

Japan’s non-alcoholic beverage market is estimated at $40 billion with around $1 billion coming from imports.