The EU-Japan trade deal will be the most successful agreement ever achieved in agriculture, providing EU exporters better opportunities. It represents the biggest concession Japan has ever granted on agriculture to any trade partner, meaning that the EU is likely to become the most significant partner for Japan for agri-trade.
The EU is currently a net-exporter of agri-food products to Japan, with a surplus of EUR 5.46 billion in 2016. Japan is the EU's 4th biggest export destination with EUR 5.77 billion of agri-food exports. Furthermore, exports to Japan have increased steadily over the past years (+3.9%/year). While EU imports from Japan are small (EUR 311 million per year, 0.3% of EU total agri-food trade), they have been rising since 2006 at a rate of 9.4% per year.
The main EU export products to Japan are pork meat (21% of EU agri-food exports to Japan), wines (13%), cigars/cigarettes (6%), cheese (5%) and spirits (4%).
Imports from Japan mainly consist of soups and sauces (17%), spirits (12%) and fatty acids and waxes (9%).
Monday July 24, 2017/ DG Agriculture/ European Union.