Japan Import and Export Data 2023

Japan in East Asia leads to the Pacific Ocean and Asian mainland in the Northeastern coast, it has a coastline with the Sea of Japan and the Sea of Okhotsk in the west and north direction. The nation is also popular as a land of islands due to the presence of four major islands in its land area Hokkaido, Honshu, Shikoku, and Kyushu. The history of the nation dates back to the Japanese Paleolithic era which is around 36,000 BC, the ruling kingdoms of that time were the Kamakura and the Ashikaga Shogunates.

The nation spans a land area of 377,975 square kilometers and shares its borders with China, North Korea, South Korea, Russia, and Taiwan in the south, east, north, and west direction. The majority of the archipelago of the nation is covered by forests and agricultural resources in a ratio of 67*33. The fertile land of the nation possesses a humid continental climate with cold winters and frequent bridges which increases the fertility of the soil catering to productivity. The rapidly advancing industries of the nation record a growth rate of 2% in its GDP with a total value of 6.37 trillion US dollars.

 

TOP IMPORTS AND EXPORTS OF JAPAN 2023

 

Japan has been trading its products throughout the world for the past few decades at a higher rate to cater its economic growth to an extent after the finance sector. The imports are for domestic consumption and industrial requirements whereas exports are for trading at a global rate. As per the Japan Trade Data, the imports and exports of the nation are discussed below,

 

                Imports                                                                                                Exports

  1. Mineral fuels (27) – $208 billion                                1. Automobiles (87) - $187 billion
  2. Electrical machinery (85) – $188 billion                   2. Machineries (84) - $140 billion
  3. Machinery (84) – $103 billion                                   3. Electronics (85) - $130 billion
  4. Vehicles (87) – $62 billion                                         4. Optical goods (90) - $89 billion
  5. Iron and steel (72) – $51 billion                                 5. Iron and steel (72) - $48 billion
  6. Organic Chemicals (29) – $40 billion                        6. Plastics (65) - $46 billion
  7. Plastics (95) – $35 billion                                           7. Chemicals (29) - $40 billion
  8. Medical equipment (90) – $33 billion                        8. Clothing’s (43) - $36 billion
  9. Optical instruments (90) – $31 billion                        9. Iron products (73) - $29 billion
  10. Inorganic chemicals (28) – $30 billion                       10. Plastic articles (65) - $28 billion

TOP IMPORT AND EXPORT TRADE PARTNERS

 

Trade partners are a significant contributor to the country’s economic growth because of the agreements and the favorable trade rates. Japanese exports have increased their popularity in terms of quality in tech-equipped products and long shelf life in agricultural products. As per the JapanImport Data, the import and export destinations of the nation are discussed below,

     Import Partners                                                                                               Export Partners

1.       China – $150 billion                                                                                     1. China - $138 billion

2.       United States – $130 billion                                                                         2. United States - $119 billion

3.       South Korea - $50 billion                                                                             3. South Korea - $54 billion

4.       Australia - $40 billion                                                                                  4. Hong Kong - $45 billion

5.       Germany - $35 billion                                                                                  5. Thailand - $37 billion

6.       Thailand - $30 billion                                                                                  6. Taiwan - $35 billion

7.       Vietnam - $25 billion                                                                                   7. Singapore - $34 billion

8.       India - $20 billion                                                                                         8. Germany - $29 billion

9.       United Kingdom - $15 billion                                                                      9. United Kingdom - $27 billion

10.    Netherlands - $10 billion                                                                              10. Australia - $26 billion

TOP TRADED AGRICULTURAL GOODS OF JAPAN 2023

The fertile land of the nation promotes the growth rate of agricultural goods for extensive promotion of agricultural contribution. The agricultural sector holds a share of 2% of the employment rate of the entire population. As per the JapanExport Data, the top 10 traded agricultural goods of Japan are discussed below,

 

  • Rice( HS code - 10) – Total annual trade value of rice in 2023 – $2 billion
  • Beef ( HS code -02 ) – Total annual trade value of beef in 2023 – $1.5 billion
  • Processed Fish ( HS code - 52) – Total annual trade value of processed fish in 2023 – $1 billion
  • Pork ( HS code - 02) – Total annual trade value of pork in 2023 – $800 million
  • Soybeans ( HS code - 12) – Total annual trade value of soybeans in 2023 – $700 million
  • Tea ( HS code - 09) – Total annual trade value of tea in 2023 – $500 million
  • Fruits ( HS code - 08) – Total annual trade value of fruits in 2023 – $400 million
  • Vegetables ( HS code - 07) – Total annual trade value of vegetables in 2023 – $300 million
  • Dairy products ( HS code - 04) – Total annual trade value of dairy products in 2023 – $200 million
  • Flowers ( HS code - 06) – Total annual trade value of flowers in 2023 – $100 million
TOP 10 PRODUCTION COMPANIES OF JAPAN 2023

Production companies or the industries that hold the responsibility for the total production and consumption rate of the nation are key players in the economic trade. Different companies have been working more on their techniques to serve more quality specified products to the national and international trade. As per the Japan Customs Data, the top 10 production companies of the nation are discussed below,


  • Toyota Motor Corporation – Total annual export trade revenue of 2023 – $95 billion
  • Mitsubishi Corporation – Total annual export trade revenue of 2023 – $85 billion
  • Nippon Steel Corporation– Total annual export trade revenue of 2023 – $65 billion
  • Honda Motor Co., Ltd – Total annual export trade revenue of 2023 – $60 billion
  • Panasonic Corporation – Total annual export trade revenue of 2023 – $50 billion
  • Sony group – Total annual export trade revenue of 2023 – $45 billion
  • Nissan Motor Co., Ltd – Total annual export trade revenue of 2023 – $40 billion
  • Bridgestone Corporation – Total annual export trade revenue of 2023 – $35 billion
  • Hitachi Ltd – Total annual export trade revenue of 2023 – $30 billion
  • JFE Holdings Inc – Total annual export trade revenue of 2023 – $20 billion

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