It's a big market for Iowa producers, to say the least. Take a look:
- Iowa exported $135 million of beef to Japan in 2018.
- Japan is the largest export market for Iowa beef producers.
- U.S. producers sold $2 billion of beef to Japan in 2018, one-fourth of total U.S. beef exports.
- The U.S. exported 330,217 metric tons of beef to Japan in 2018.
- U.S. beef sales to Japan could increase by 7-10 percent ($200 million a year).
- Iowa exported almost $370 million of pork to Japan in 2018.
- Japan was the largest export market by value for Iowa pork producers in 2018.
- U.S. producers sold $1.6 billion of pork to Japan in 2018.
- The U.S. exported 394,300 metric tons of pork to Japan in 2018.
- Iowa exported $491 million of corn to Japan in 2018.
- Japan was the second largest export market (behind Mexico) for Iowa corn growers in 2018.
- Japan purchased 11.5 million metric tons of corn from the U.S. in 2018.
- Japan purchased $2 billion of corn from the U.S. in 2018.
- Iowa exported $122 million of soybeans to Japan in 2018.
- The U.S. exported $947 million of soybeans to Japan in 2018.
Iowa Secretary of Ag Mike Naig participated in today's signing ceremony in New York City.
“Japan is one of Iowa’s most important trading partners,” said Secretary Naig. “Today’s agreement is a win for agriculture and welcome news as our farmers gear up for harvest. By lowering tariffs on agricultural products, Iowa producers can be more competitive in the Japanese market. This deal helps build the momentum we need to ratify USMCA and reach a long-term trade agreement with China. Thank you, President Trump, for getting this trade agreement done.”