Cars, motorcycles & computer accessories are big Japanese exports to the U.S. while military apparel & precious metals are fast-growing imports into Japan from America.
Japan exported US$148.1 billion worth of merchandise to the United States in 2006, up 7.3% from 2005 and up 22% in just 4 years.
Japanese imports from the U.S. rose 7.3% to $59.6 billion in 2006, up 16% since 2002.
In terms of the merchandise flow between the two countries, America’s trade deficit with Japan was $88.4 billion in 2006, up 26.4% from 2002. The U.S. trade deficit with Japan increased 7.2% in 2006 from 2005 – down from the 9.2% deficit increase in 2005 from the year earlier.
Japanese Exports to U.S.
Of the $148.1 billion in American imports from Japan in 2006, the following product categories had the highest values.
Passenger cars …US$43.5 billion (29.4% of Japan to U.S. exports, up 23.8% from 2005)
Car parts & accessories … $10.4 billion (7%, down 6.2%)
Other industrial machinery … $5.7 billion (3.8%, up 11%)
Computer accessories … $5.4 billion (3.6%, down 1.9%)
Video equipment (e.g. DVD players) … $4.9 billion (3.3%, down 14.5%)
Electric apparatus & parts … $4.1 billion (2.7%, up 0.2%)
Engines & parts … $4.0 billion (2.7%, down 8.8%)
Machine tools … $3.8 billion (2.5%, up 17.3%)
Semi-conductors … $3.4 billion (2.3%, up 16.8%)
Excavating, paving & construction machinery … $3.38 billion (2.3%, up 12.9%)
Motorcycles & parts … $3.1 billion (2.1%, up 5.4%)
Fastest-Growing Japanese Exports to U.S.
Below are American imports from Japan in 2006 with the highest percentage sales increases from 2005.
Meat products … US$2.8 million (up 70,400% from 2005)
Spacecraft … $1.9 million (up 2126%)
Zinc … $10.6 million (up 1823%)
Fuel oil … $527.3 million (up 340%)
Precious metals … $134.1 million (up 106.2%)
Japanese Imports from U.S.
Of the $59.6 billion in American exports to Japan in 2006, the following product categories had the highest values.
Civilian aircraft … US$3.5 billion (5.9% of Japan from U.S. imports, up 9.4% from 2005)
Medicinal equipment … $2.7 billion (4.5%, down 2.2%)
Industrial machines … $2.3 billion (3.9%, up 17.9%)
Telecommunications equipment … $2.1 billion (3.5%, up 10.6%)
Semi-conductors … $2.06 billion (3.5%, up 10.4%)
Corn … $2.0 billion (3.3%, up 22.1%)
Pharmaceutical preparations … $1.8 billion (3.0%, up 13.2%)
Computer accessories … $1.75 billion (2.9%, down 2.4%)
Measuring, testing & control instruments … $1.69 billion (2.8%, up 16.4%)
Organic chemicals … $1.4 billion (2.4%, down 6.4%)
Fastest-Growing Japanese Imports from U.S.
Below are American exports to Japan in 2006 with the highest percentage sales increases from 2005.
Military apparel & footwear … US$196.3 million (up 185.9% from 2005)
This article presents independent calculations and insights based on data drawn from the CIA World Factbook and the U.S. Census Bureau – Foreign Trade Statistics.
The copyright of the article Japan’s Top Exports & Imports in Import/Export is owned by Daniel Workman. Permission to republish Japan’s Top Exports & Imports must be granted by the author in writing.