Overview: In 2018 Japan was the number 3 economy in the world in terms of GDP (current US$), the number 4 in total exports, the number 5 in total imports,
the number 27 economy in terms of GDP per capita (current US$) and the number 1 most complex economy according to the Economic Complexity Index (ECI)
Overview: In November 2020 Japan exported ¥6.11T and imported ¥5.75T, resulting in a positive trade balance of ¥366B. Between November 2019 and November 2020 the exports of Japan have decreased by ¥-265B (-4.16%) from ¥6.38T to ¥6.11T, while imports decreased by ¥-720B (-11.1%) from ¥6.47T to ¥5.75T.
Origins: In November 2020 the exports of Japan were mainly from Aichi (¥1.28T), Chiba (¥943B), Osaka (¥825B), Kanagawa (¥605B), and Tokyo (¥519B), while imports destinations were mainly Chiba (¥1.52T), Tokyo (¥959B), Osaka (¥788B), Kanagawa (¥483B), and Aichi (¥478B).
Growth: In November 2020, the decrease in Japan's year-by-year exports was explained primarily by an decrease in exports to Taiwan (¥-57.1B or -12.7%), Singapore (¥-54.3B or -26.7%), and Hong Kong (¥-45.3B or -13.6%), and product exports decrease in Refined Petroleum (¥-63.4B or -67.8%), Commodities not elsewhere specified (¥-32B or -7.45%), and Cyclic Hydrocarbons (¥-24.8B or -59.2%). In November 2020, the decrease in Japan's year-by-year imports was explained primarily by an decrease in imports from United Arab Emirates (¥-172B or -62.6%), United States (¥-95.8B or -13.9%), and Australia (¥-87.3B or -23.4%), and product imports decrease in Crude Petroleum (¥-317B or -50.2%), Petroleum Gas (¥-121B or -33.2%), and Coal Briquettes (¥-63B or -33.2%).
This section shows exports and imports data at subnational level for Japan. Click any date in the line plot, any subnational region in the geomap, or any product, destination or origin country to explore the exports or imports behavior of Japan over time.
This section shows the differences between Japan's total subnational aggregate trade throughout time. To explore different subnational trade comparisons in time, visit Japan's subnational profiles.
In 2018, Japan exported a total of $713B, making it the number 4 exporter in the world. During the last five reported years the exports of Japan have changed by -$53.5B from $766B in 2013 to $713B in 2018.
In 2018 Japan imported $653B, making it the number 5 trade destination in the world. During the last five reported years the imports of Japan changed by -$127B from $781B in 2013 to $653B in 2018.
In 2018, Japan exported $192B worth of services. The top services exported by Japan in 2018 were Royalties and license fees ($45.5B), Other business services ($42.1B), Personal travel ($38.6B), Transportation ($28.9B), and Financial services ($11.5B).
The top services imported by Japan in 2018 were Other business services ($68B), Transportation ($38.4B), Royalties and license fees ($21.7B), Personal travel ($16.8B), and Computer and information services ($15.8B).
This section shows forecasts for total product exports and imports for Japan. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.
*The tariffs applied to imports for Japan are:84: Association of Southeast Asian Nations (ASEAN ) Free Trade Area130: Japan Generalized System of Preference131: Japan GSP for Least Developed Countries136: Most Favoured Nation duty rate treatement139: Non-MFN duty rate for countries excluded from Most-Favoured- Nation (MFN) treatement165: Preferential tariff for Australia174: Preferential tariff for Brunei182: Preferential tariff for Chile239: Preferential tariff for India241: Preferential tariff for Indonesia265: Preferential tariff for Malaysia270: Preferential tariff for Mexico271: Preferential tariff for Mongolia289: Preferential tariff for Peru290: Preferential tariff for Philippines299: Preferential tariff for Singapore306: Preferential tariff for Switzerland309: Preferential tariff for Thailand333: Preferential tariff for Vietnam
During the last 20 years Japan's economy has become relatively más complex, moving from the 1st to the 1st position in the ECI rank.
These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.
This section shows exports, imports and economic complexity data at subnational level for Japan. Click any of the Prefecture in the geomap to visit the specific subnational profile.
The top export opportunities for Japan according to the relatedness index, are Cermets (0.43), Zirconium (0.39), Vegetable Parchment (0.39), Office Machine Parts (0.37), and Plastic Coated Textile Fabric (0.37). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Japan is not specialized in.
The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.
The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities.
Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.
Japan
