United States (USA) and Japan (JPN) Trade

2022

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Exports $79.5BRnk 4 / 219

2022

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About

United States-Japan Trade: In 2022, United States exported $79.5B to Japan. The main products that United States exported to Japan were Petroleum Gas ($9.52B), Packaged Medicaments ($4.22B), and Corn ($3.26B). Over the past 5 years the exports of United States to Japan have increased at an annualized rate of 3.92%, from $65.6B in 2017 to $79.5B in 2022.

In 2017, United States exported services to Japan worth $47.1B, with Other business services ($9.67B), Travel ($9.01B), and Transportation ($8.01B) being the largest in terms of value.

Japan-United States Trade: In 2022, Japan exported $137B to United States. The main products that Japan exported to United States were Cars ($32.9B), Motor vehicles; parts and accessories (8701 to 8705) ($7.72B), and Machinery Having Individual Functions ($5.82B). Over the past 5 years the exports of Japan to United States have increased at an annualized rate of 0.52%, from $130B in 2017 to $137B in 2022.

In 2009, Japan exported services to United States worth $72.8B, with Services not allocated ($35.5B), Other business services ($16.9B), and Royalties and license fees ($8.5B) being the largest in terms of value.

Comparison: In 2022, United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T). That same year, Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B).

Company data: In 2023, leading companies such as Kubota (7.96k), Toyota (3.5k), and Wismettac Asian Foods (2.45k) were at the forefront of exporting goods from Japan to the United States. Conversely, Kubota Corporation (7.69k), Toyota Motor Corporation (3.18k), and Other (2.9k) were notable for importing products to Japan from the United States.

Latest Trends

August, 2024

About

Overview In August 2024, United States exported $6.79B and imported $11.7B from Japan, resulting in a negative trade balance of $4.87B. Between August 2023 and August 2024 the exports of United States have increased by $212M (3.23%) from $6.58B to $6.79B, while imports decreased by $-540M (-4.42%) from $12.2B to $11.7B.

Trade In August 2024, the top exports of United States to Japan were Petroleum Gas ($808M), Packaged Medicaments ($406M), Medical Instruments ($222M), Vaccines, blood, antisera, toxins and cultures ($194M), and Soybeans ($174M). In August 2024 the top imports of United States from Japan were Cars ($2.53B), Large Construction Vehicles ($555M), Motor vehicles; parts and accessories (8701... ($478M), Packaged Medicaments ($358M), and Commodities not elsewhere specified ($273M).

Origins In August 2024 the exports of United States were mainly from Texas ($1.27B), California ($969M), Louisiana ($361M), Puerto Rico ($336M), and Washington ($320M), while imports destinations were mainly California ($2.09B), Tennessee ($831M), Texas ($649M), Washington ($596M), and New Jersey ($595M).

Growth In August 2024, the increase in United States's year-by-year exports to Japan was explained primarily by an increase in product exports in Packaged Medicaments ($196M or 93.3%), Vaccines, blood, antisera, toxins and cultures ($88.2M or 83.6%), and Cars ($73M or 659%). In August 2024, the decrease in United States's year-by-year imports from Japan was explained primarily by an decrease in product imports in Cars ($-711M or -22%), Vaccines, blood, antisera, toxins and cultures ($-267M or -64.8%), and Machines and apparatus of a kind... ($-197M or -43.1%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (August 2023 - August 2024)$212M(3.23%)

IMPORT GROWTH (August 2023 - August 2024)$-540M(-4.42%)

MAIN EXPORTER (August 2024)Texas$1.27B

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Japan and United States trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, United States exported $79.5B to Japan. The main products exported from United States to Japan were Petroleum Gas ($9.52B), Packaged Medicaments ($4.22B), and Corn ($3.26B). During the last 5 years the exports of United States to Japan have increased at an annualized rate of 3.92%, from $65.6B in 2017 to $79.5B in 2022.

In 2017, Japan exported $137B to United States. The main products exported from Japan to United States were Cars ($32.9B), Motor vehicles; parts and accessories (8701 to 8705) ($7.72B), and Machinery Having Individual Functions ($5.82B). During the last 5 years the exports of Japan to United States have increased at an annualized rate of 0.52%, from $130B in 2022 to $137B in 2017.

Exports from United States () to Japan () (2022)

Exports from Japan () to United States () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United States
Top DestinationCanada$308B

Japan
Top DestinationUnited States$137B

This map shows whether countries import more from United States or Japan. Each country is colored based on the difference in imports they receive from United States and Japan or the difference in the growth in imports.

In 2022, countries that imported more from United States than Japan included Canada ($308B), Mexico ($294B), and United Kingdom ($75.4B).

In 2022, countries that imported more from Japan than United States included Thailand ($30.8B), Chinese Taipei ($50.1B), and Vietnam ($17.9B).

Difference in imports from Japan () and United States () (2022)

Comparative Advantage United States - Japan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between United States and Japan by product, considering products traded by both, United States and Japan.

During 2022, United States had a large net trade with Japan in the exports of Mineral Products ($15.6B), Chemical Products ($14.8B), and Machines ($12.7B).

During 2017, Japan had a large net trade with United States in the exports of Machines ($51.8B), Transportation ($45.4B), and Chemical Products ($12.1B).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential United States Japan+$1.08BCrude Petroleum

Top Product Potential Japan United States+$886MMotor vehicles; parts and accessories (8701 to 8705)

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of United States and Japan. This means that a dot/product with the flag of United States indicates it has a comparative advantage over Japan. Similarly, a dot/product with the flag of Japan indicates it has a comparative advantage over United States.

Product Space of United States () and Japan () (2022)

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