What Goods Does Japan Import?

by | Last updated on January 24, 2024

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Japan’s main imports include

mineral fuels, machinery and food

. In 2015, leading suppliers of these goods were China (25.6 per cent), the United States (10.9 per cent) and Australia (5.6 per cent).

What products does Japan import?

Rank Japan’s Import Product 2020 Value (US$) 1 Crude oil $43,361,631,000 2 Petroleum gases $34,085,178,000 3 Phone system devices including smartphones $25,043,368,000 4 Computers, optical readers $19,662,761,000

What are the top 3 imports of Japan?

Imports The top imports of Japan are

Crude Petroleum ($64B)

, Petroleum Gas ($42.3B), Coal Briquettes ($20.7B), Integrated Circuits ($17.1B), and Broadcasting Equipment ($16B), importing mostly from China ($152B), United States ($70.1B), Australia ($41.5B), South Korea ($28.3B), and Saudi Arabia ($24.5B).

What are Japan’s top 10 imports?

  • Mineral fuels, oils, waxes: 16.6%, $105 billion.
  • Electrical machinery, Sound Recorders, TV : 15%, $95 billion.
  • Nuclear reactors, boilers, machinery: 10.3%, 65 billion.
  • Optical, Photographic, cinematographic: 4.51%, $28 billion.
  • Pharmaceutical products: 4.49%, $28 billion.

What is Japan’s main exports?

Major Japanese exports include

electronic equipment and cars

. Trade with other countries (international trade) is therefore very important to Japan. The goods that Japan has exported have changed over time, from agricultural products to manufactured goods, textiles, steel, and cars.

What are Japan’s imports and exports?

  • Crude petroleum – $72.3 billion.
  • Coal briquettes – $21.9 billion.
  • Petroleum gas – $19.3 billion.
  • Refined petroleum – $16.5 billion.
  • Copper ore – $9.19 billion.

Does Japan import rice?

In 2017,

Japan imported roughly $552 million

in rice and rice products, of which 45.4 percent (approximately $251 million) was from the United States. 1 and Japan’s bilateral Economic Partnership Agreement (EPA) with the European Union (EU), … In 2017, Japan imported US$358.3 million of rice from the world.

What products are made in Japan?

  1. Kokeshi Bento. …
  2. Handmade Okiagari Kobashi Chopsticks. …
  3. Natural Wood Chopsticks with Fuji San Rest. …
  4. Nissin Cup Noodles. …
  5. Kit Kat Okinawa Sweet Potatoes.

What countries trade with Japan?

In 2017, Japan major trading partner countries for exports were

United States, China, Korea, Rep., Other Asia, nes and Hong Kong, China

and for imports they were China, United States, Australia, Korea, Rep. and Saudi Arabia.

What food does Japan import?

According to Japanese Ministry of Finance data, Japan’s top agricultural imports from the world are

pork and pork products, beef and beef products, poultry meat and products, processed vegetables, and corn

. The United States is the top supplier of agricultural products to Japan, with a 25 percent market share in 2017.

What is Japan’s biggest industry?

Major Japanese industries include automotive, electronic equipment, machine tools, steel and nonferrous metals, ships, chemicals, textiles, and processed foods. Despite this, it is the

service sector

which comprises the biggest part of Japan’s economy, responsible for 71.4% of GDP in 2012.

What does China import from Japan?

Japan is the third largest economy in the world at $4.9 trillion and China’s second largest trading partner. … Japan’s top imports from China and their total values for 2018 were

electrical machinery ($52.4 billion), machinery ($31.1 billion), clothing and accessories ($18.3 billion) and chemicals ($12.1 billion)

.

Who does Japan trade with the most?

Market Trade (US$ Mil) Partner share(%)
United States

140,430 19.90
China 134,681 19.09 Korea, Rep. 46,269 6.56 Other Asia, nes 43,001 6.09

What manufactured goods is Japan known for?

  • Japan’s major export industries include automobiles, consumer electronics (see Electronics industry in Japan), computers, semiconductors, copper, iron and steel.
  • Additional key industries in Japan’s economy are petrochemicals, pharmaceuticals, bioindustry, shipbuilding, aerospace, textiles, and processed foods.

What is Japan’s economy known for?


Manufacturing

has been the most remarkable, and internationally renowned, feature of Japan’s economic growth. Today, Japan is a world leader in the manufacture of electrical appliances and electronics, automobiles, ships, machine tools, optical and precision equipment, machinery and chemicals.

What makes up Japan’s economy?

Overview of the Economy of Japan

The largest industries are

agriculture and fishing, manufacturing, and tourism

among others. Japan’s GDP per sector is as follows: services 71.4%, industry 27.5%, and agriculture 1.2%. 0.2% of the population of Japan lives under the poverty line of under $1.90 a day.

Ahmed Ali
Author
Ahmed Ali
Ahmed Ali is a financial analyst with over 15 years of experience in the finance industry. He has worked for major banks and investment firms, and has a wealth of knowledge on investing, real estate, and tax planning. Ahmed is also an advocate for financial literacy and education.