Given Japan’s population of 125.8 million people, its total $756 billion in 2021 exported products translates to roughly $6,000 for every resident in the East Asian island nation. Smaller percentages went to Oceania (2.6%) led by Australia, Latin America (2.2%) excluding Mexico but including the Caribbean, then Africa (1.3%). Japan shipped another 12.5% worth of goods to Europe. Japan ranks among world-leading nations for exporting cars and automotive parts or accessories and is a major competitor among Asian nations in the international trade of electronic circuits.įrom a continental perspective, 60.9% of Japan exports by value were delivered to fellow Asian countries while 20.5% were sold to importers in North America. That group of commodities suggests a relatively diversified range of exported goods. In aggregate, that quintet of major exports account for about one quarter (25.5%) of overall export sales from Japan. Japan’s 5 biggest export products by value in 2021 were cars, electronic circuits and microassemblies, automotive parts or accessories, semiconductor-making machinery, and heavy machinery such as bulldozers, excavators or road rollers. In contrast, Japan’s exports were relatively costlier from 2017 to 2021 for international buyers starting from the weaker US dollar in 2017. Japan’s weaker local currency since 2020 made exports paid for in stronger US dollars relatively less expensive in 2021. That dollar amount reflects a 17.9% gain since 2020 and an 8.3% increase from 2017 to 2021.īased on the average exchange rate for 2021, the Japanese yen has appreciated by 2.2% against the US dollar since 2017 but decreased by -2.8% from 2020 to 2021. By Japan shipped US$756 billion worth of goods around the globe in 2021.
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