Japan

In 2014, the value of merchandise exports of Japan decreased slightly by 4.4 percent to reach 683.8 bln US$, while its merchandise imports decreased slightly by 1.3 percent to reach 822.3 bln US$ (see graph 1, table 2 and table 3). In spite of yen depreciation in 2014, Japan's trade deficit continued to increase and reached 138.4 bln US$ in 2014, mainly due lower exports in manufactured goods (see graph 1). The largest merchandise trade balance was with MDG Western Asia at -114.0 bln US$ (see graph 4). Merchandise exports in Japan were diversified amongst partners; imports were also diversified. The top 16 partners accounted for 80 percent or more of exports and 17 partners accounted for 80 percent or more of imports (see graph 5). In 2013, the value of exports of services of Japan increased slightly by 0.8 percent, reaching 146.7 bln US$, while its imports of services decreased moderately by 8.2 percent and reached 162.3 bln US$ (see graph 2). There was a relatively small trade in services deficit of 15.6 bln US$.

Related Subject(s): International Trade and Finance

Countries: Japan