The United States pork industry is losing market share in Japan because the industry’s biggest competitors have recently entered
into trade agreements with Japan, including the European Union-Japan Economic Partnership Agreement and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (TPP minus the U.S.). According to Iowa State University economist Dermot Hayes, the United States will continue to rapidly lose pork market share in Japan unless it expeditiously negotiates a trade agreement with Japan.
The U.S. pork industry is now at a significant disadvantage in Japan relative to Europe and the CPTPP nations which implemented trade agreements with Japan in 2019. NPPC urges the Trump administration to expeditiously finalize trade negotiations with Japan to prevent continued U.S. pork market share loss in its top value export market.
- Japan has a population of nearly 127 million people.
- Japan is the third largest economy in the world.
- 2018 agricultural exports to Japan totaled $12.8 billion.
- Japan is the largest value market and second largest volume market for U.S. pork exports.
- Pork exports to Japan support 13,100 U.S. jobs.