Who is Japan's largest trading partner? (2024)

Who is Japan's largest trading partner?

Japan's main partners are China (23%), the United States (19%), South Korea (7.5%), Hong Kong (5%), and Thailand (4.7%). The country mainly imports from China (25%), the U.S. (11%), Australia (7.1%), South Korea (4.3%) and Saudi Arabia (3.7%).

Who is the largest trade partner of Japan?

Japan's main partners are China (23%), the United States (19%), South Korea (7.5%), Hong Kong (5%), and Thailand (4.7%). The country mainly imports from China (25%), the U.S. (11%), Australia (7.1%), South Korea (4.3%) and Saudi Arabia (3.7%).

Is China Japan's largest trading partner?

China is Japan's largest trading partner, and one of the largest investment destinations for Japanese companies. Economic relations between Japan and China, including trade and investment, are very close.

Is Japan a US trading partner?

Japan is one of the United States' most important trade and investment partners. In 2022, bilateral U.S.-Japan trade in goods and services was worth $309 billion.

What is Japan's biggest import?

Mineral Fuels and Oils:

Mineral fuels and oils hold the top position in Japan's imports by volume. With a total import value of approximately $150 billion, Japan heavily relies on these imports to meet its energy needs.

Who are the top 5 trade partners of Japan?

  • China. -21,804,211.06. 163,860,265.63. ...
  • 52,567,985.70. 32,082,167.82. 4.15. ...
  • United States. 53,009,426.08. 135,975,914.59. ...
  • 6,673,127.05. 33,024,683.80. 26,351,556.75. ...
  • Hong Kong, China. 34,351,547.58. 35,446,489.00. ...
  • Vietnam. -3,897,036.44. 19,104,544.42. ...
  • 11,194,587.96. 20,050,557.41. 8,855,969.45. ...
  • Indonesia. -6,277,421.69. 13,351,656.64.

Who is US largest trading partner?

Year-to-Date Total Trade
RankCountryPercent of Total Trade
---Total, All Countries100.0%
---Total, Top 15 Countries74.6%
1China16.9%
2Canada14.8%
13 more rows

Who is Russia's largest trading partner?

The value of total exports from Russia to its major trade partner — China — exceeded 114 billion U.S. dollars in 2022.

Who is the world's largest trading partner?

China is the top trading partner to more than 120 countries.

Who is China's best trading partner?

In 2021, China major trading partner countries for exports were United States, Hong Kong, China, Japan, Korea, Rep.

What is Japan's main source of income?

Tax revenues account for the single largest source of the government's total income. Since World War II the tax system has been characterized by heavy dependence on direct taxes, and steeply progressive income taxes on individuals and high corporate taxes have constituted most of the tax revenues.

Who is Canada's largest trading partner?

Canada and the United States signed the Free Trade Agreement in 1988 (which was expanded into NAFTA by the addition of Mexico in 1994). Since that time the United States has dominated Canadian trade by an overwhelming degree.

Who is Mexico's trading partner?

New data released Wednesday by the Commerce Department showed that in 2023, Mexico was the leading source of goods imported to the US — ahead of China for the first time in over 20 years. Mexico surpassing China as America's top trade partner signals a significant shift in global commerce dynamics.

What is Japan's number one export?

Yearly Trade

The most recent exports are led by Cars ($88.6B), Integrated Circuits ($36B), Motor vehicles; parts and accessories (8701 to 8705) ($33.4B), Machinery Having Individual Functions ($22B), and Photo Lab Equipment ($18.5B).

Is Japan a rich or Poor country?

Wealth Per Capita (2022): $216,078

Japan is one of the leading economies and one of the wealthiest countries by per capita net worth. In 2022, the total wealth of the country was $22.58 trillion.

What car brand is from Japan?

The country is home to a number of companies that produce cars, construction vehicles, motorcycles, ATVs, and engines. Japanese automotive manufacturers include Toyota, Honda, Daihatsu, Nissan, Suzuki, Mazda, Mitsubishi, Subaru, Isuzu, Hino, Kawasaki, Yamaha, and Mitsuoka.

What is the main business in Japan?

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

Who is Japan trading Partners?

Destinations In October 2023, Japan exported mostly to United States (¥1.93T), China (¥1.65T), South Korea (¥574B), Taiwan (¥519B), and Hong Kong (¥411B), and imported mostly from China (¥2.33T), United States (¥1.01T), Australia (¥705B), United Arab Emirates (¥452B), and Saudi Arabia (¥442B).

What does Japan trade with the US?

During 2021, United States had a large net trade with Japan in the exports of Mineral Products ($13.2B), Chemical Products ($13.1B), and Machines ($10.6B). During 2021, Japan had a large net trade with United States in the exports of Machines ($47B), Transportation ($44.7B), and Instruments ($10.1B).

Who is Mexico's largest trading partner?

The United States is Mexico's most important trading partner, and U.S.-based companies account for more than half of Mexico's foreign investment. The United States is also the source of between two-fifths and one-half of Mexican imports and the destination for some four-fifths of the country's exports.

What is US number 1 export?

Yearly Trade

The most recent exports are led by Refined Petroleum ($83.3B), Petroleum Gas ($70.9B), Crude Petroleum ($67.6B), Cars ($55.4B), and Integrated Circuits ($51.3B).

Who is China's biggest trading partner in 2023?

Destinations In December 2023, China exported mostly to United States ($36B), Hong Kong ($29.2B), Vietnam ($13.8B), South Korea ($13.1B), and Japan ($13.1B), and imported mostly from Taiwan ($17.5B), Japan ($15B), United States ($14.9B), South Korea ($14.5B), and Australia ($13.8B).

Who is India's largest trading partner?

The United States is India's biggest trading partner, with total trade between the two countries amounting to almost $100 billion till October of this calendar year.

What is the main source of money in Russia?

Russia's gross domestic product (GDP) is mainly composed of three sectors: agriculture, industry, and service.

Who is Britain's biggest trading partner?

2.3 Top 10 UK export markets for goods only in 2022
RankExport market£ billion
1United States59.3
2Netherlands37.7
3Germany34.0
4Ireland30.3
9 more rows
Jan 19, 2024

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