News article
Japan's farm and food exports reach record 8,977 billion yen in first half; matcha boom drives green tea surge
Japan's agricultural and food exports in the first half of 2024 reached 8,977 billion yen, up 10.9% year-on-year and marking the second consecutive record for the period. Green tea led growth, climbing 483 billion yen (an 83.5% increase) on global matcha demand, particularly from North America and South Korea. However, the pace of export growth is slowing against Japan's 2030 target of 5 trillion yen in annual exports.
Key points
- Green tea exports hit 483 billion yen in H1 2024, up 220 billion yen (83.5% YoY), driven by global matcha demand.
- North America and South Korea are primary drivers of matcha-linked green tea export growth.
- Overall export growth at 10.9% YoY is decelerating versus 15.5% in H1 2025, requiring 24.1% annual growth to meet the 20…
- Top export markets: USA (1,626 billion yen, +15.3%), Hong Kong (1,100 billion yen, +3.0%), China (940 billion yen, +4.3%…
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About this article
What they said
“Fundamental acceleration of pace is essential”
抜本的なペースアップが不可欠
“We need 24.1% annual growth over the remaining five years”
残り5年で年率24.1%の増加が必要だ
The numbers
Total farm and food exports, H1 2024: 8977億円
Green tea exports, H1 2024: 483億円
Green tea export increase YoY: 220億円
Japan's 2030 export target: 5兆円
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