Trade Trend

In 2023, Japan's total export value is 717.51Billion USD, total import value is 786.05Billion USD, Deficit is -68.54Billion USD, and foreign trade dependency is 0.357. In 2023，Japan's top export products are Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(110.14Billion USD), None(56.31Billion USD), Electronic integrated circuits(30.80Billion USD), top export destinations are United States(143.87Billion USD), China(126.19Billion USD), South Korea(46.93Billion USD). In 2023, Japan's top import products are Petroleum oils and oils obtained from bituminous minerals; crude(80.96Billion USD), Petroleum gases and other gaseous hydrocarbons(52.86Billion USD), Coal; briquettes, ovoids and similar solid fuels manufactured from coal(42.21Billion USD), top import origins are China(173.95Billion USD), United States(82.32Billion USD), Australia(65.21Billion USD).

Comparing to 2022, Japan's total export value decreased -29.76Billion USD(-3.98%) in 2023, this could result from its export decreases of products such as Machines and apparatus of a kind used solely or principally for the manufacture of semiconductor boules or wafers, semiconductor devices, electronic integrated circuits or flat panel displays; machines & apparatus specified in note 11 (C) to this Chapter(-5.79Billion USD or -18.69%), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(-4.28Billion USD or -29.32%), Electronic integrated circuits(-2.79Billion USD or -8.31%) and export decreases to countries/economics such as China(-18.53Billion USD or -12.80%), Taiwan CN(-9.38Billion USD or -17.93%), South Korea(-7.33Billion USD or -13.51%). Comparing to 2022, Japan's total import value decreased -111.61Billion USD(-12.43%) in 2023, this could result from its import decreases of products such as Petroleum oils and oils obtained from bituminous minerals; crude(-19.42Billion USD or -19.35%), Petroleum gases and other gaseous hydrocarbons(-18.66Billion USD or -26.09%), Coal; briquettes, ovoids and similar solid fuels manufactured from coal(-16.27Billion USD or -27.83%), and its import decreases from countries/economies such as Australia(-22.44Billion USD or -25.60%), China(-14.84Billion USD or -7.86%), United Arab Emirates(-8.38Billion USD or -18.47%).

Cumulated to first 7 months of 2024, Japan's total export value is 280.17Billion USD, total import value is 303.17Billion USD, and tradedeficit is -23.00Billion USD. Cumulated to first 7 months of 2024, Japan's top export products are Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(41.71Billion USD), None(22.42Billion USD), Electronic integrated circuits(12.46Billion USD), and top export destinations are United States(56.08Billion USD), China(49.72Billion USD), South Korea(18.43Billion USD). Cumulated to first 7 months of 2024, Japan's top import products are Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(41.71Billion USD), None(22.42Billion USD), Electronic integrated circuits(12.46Billion USD), and top import origins areChina(66.61Billion USD), United States(35.99Billion USD), Australia(22.25Billion USD).