Japan

In 2013, the value of merchandise exports of Japan decreased substantially by 10.5 percent to reach 715.1 bln US$, while its merchandise imports decreased moderately by 5.9 percent to reach 833.2 bln US$ (see graph 1, table 2 and table 3). In spite of yen depreciation, Japan trade deficit hit $112 billion in 2013 due lower exports in manufactured goods (see graph 1). This is the third straight year of deficit, and the largest deficit recorded. The largest merchandise trade balance was with MDG Western Asia at -126.5 bln US$ (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 2012, the value of exports of services of Japan increased slightly by 0.1 percent, reaching 145.6 bln US$, while its imports of services increased moderately by 5.5 percent and reached 176.8 bln US$ (see graph 2). Japan also recorded trade in services deficit of 31.2 bln US$, the largest deficit in trade in services since 2004.

Related Subject(s): International Trade and Finance

Countries: Japan