JAPAN IMPORT DATA AND ECONOMY ANALYSIS

JAPAN IMPORT

Import Datas of Japan

Japan Foreign Trade

Japan is also the fourth biggest importer country in the world. Although the ranking of the importer countries varies, those in the top three are: USA, China and Germany. Japan does not have the energy resources such as oil natural gas. Strong industrial sector have to do intensive import to meet the energy and raw material requirement.

Imports of Japan 2018 is 748 billion USD. totall import increase is about %12 from 2017 to 2018. Japan service import is 188 billion USD


Japan, a country limited to arable land. Only 11% of the country is suitable for agriculture. Therefore, among agricultural products, imported products.



Japan Trade with European Union

Within the framework of the free trade agreement signed between Japan and the European Union in February 20192, many products will be able to be imported free of customs duties. According to the agreement, Japan will remove customs from around 97% of products originating in the European Union. The same applies to products imported from Japan by the European Union. In sectors that require precision and some regulations for both sides, customs duties will be gradually reduced.


Japan USA Economic Relations

The US withdrew from the trans pacific economic union agreement in 2018. Under this agreement, many pacific countries, including Japan, lost their trade advantage with the US. 
Japan exported vehicles to United States about 51,5 bilion USD in 2018. Also exported Japan machineries takes 30 bilion. As trumph announce that they will take an extra %25 duty tax for veicheles including automobiles, Japan has started negotiations to make a new trade agreement with the US. Japan will make some sacrifices to make more imports from the US.

japan import

Japan Most Preferred Imported Products

Japan is also the manufacturer and importer of machinery and equipment to feed its industry. The main structure of imported products is the price-quality advantage, because in Japan, production costs are high due to labor, energy and tax burden.
  1. Mineral fuels petroleum and natural gas: 174 billion USD
  2. Electrical machinery and equipment: 101 billion USD
  3. Machine and mechanical tools: 72 billion USD
  4. Optical, technical and medical devices: 27 billion USD
  5. Pharmaceutical products: 25 billion USD
  6. Automotive industry: 24 billion USD
  7. Ore and ore: 22 billion USD
  8. Organic chemicals: 18 billion USD
  9. Plastic products: 16 billion USD
  10. Textile products: 14 billion USD

Japan's top import countries

Like many other countries, Japan try to combine countries according their trade relations including exporting and importing. Its not a surprise, China and USA are the top trading partner of Japan exporting and also importing. 

When we check the top 10 importing countries; only Saudi Arabia and UAE not listed at Japan top exporting countries. The main reason is, Japan imports petroleum and mineral fuels from these countries to feed Japan industry however export only a few products to both country
  1. China: 173 billion USD
  2. USA: 83 billion USD
  3. Australia 45 billion USD
  4. Saudi Arabia 33 bilion USD
  5. South Korea: 32 billion USD
  6. UAE 27 billion USD
  7. Taiwan: 27 billion USD
  8. Germany: 25 billion USD
  9. Thailand: 25 billion USD
  10. Indonesia: 21 billion USD
Category note: importexport R5DTX616
Category note: japanimportdata-economyanalysis

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Japan is the fourth biggest importer country in the world. Japan import capacity related with its big population and also its export power cause many imported goods are using as a raw material for the exporting goods
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