Japan

Japan ranked No. 4 in total trade value through July with a total of $103.45 billion. Exports totaled $38.04 billion and Imports totaled $65.41 billion, a deficit of $27.37 billion.

U.S. trade with Japan rose to $103.45 billion through July

Japan’s trade with the United States rose to $103.45 billion through the first seven months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 19.94 percent below its total trade during the same time period last year. U.S. exports to Japan decreased 12.39 percent while U.S. imports from Japan fell 23.76 percent. The U.S. deficit with Japan was $27.37 billion.

Through July, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Los Angeles; No. 2 Chicago O’Hare International Airport; No. 3 Port of Tacoma, Wash.; No. 4 Los Angeles International Airport; and No. 5 Port of Oakland, Calif.. During the same period the previous year, the top five were No. 1 Port of Los Angeles; No. 2 Port of Tacoma, Wash.; No. 3 Chicago O’Hare International Airport; No. 4 Los Angeles International Airport and No. 5 Port of Newark. In the current time period, the top five accounted for 42.57 percent of Japan’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Los Angeles fell 10.24 percent to $19.63 billion.
    Exports fell 4.36 percent to $3.86 billion. Imports fell 11.57 percent to $15.77 billion.
  • Trade with No. 2 Chicago O’Hare International Airport rose 7.76 percent to $8.48 billion.
    Exports rose 14.23 percent to $3.2 billion. Imports rose 4.17 percent to $5.28 billion.
  • Trade with No. 3 Port of Tacoma, Wash. fell 26.41 percent to $7.59 billion.
    Exports fell 11.47 percent to $1.32 billion. Imports fell 28.93 percent to $6.27 billion.
  • Trade with No. 4 Los Angeles International Airport fell 15.38 percent to $4.46 billion.
    Exports fell 13.56 percent to $2.63 billion. Imports fell 17.85 percent to $1.84 billion.
  • Trade with No. 5 Port of Oakland, Calif. fell 3.47 percent to $3.87 billion.
    Exports fell 0.6 percent to $2.65 billion. Imports fell 9.12 percent to $1.23 billion.

Japan ranked No. 4 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 4.

Meanwhile, total U.S. trade with the world increased to $2.08 trillion, down 49.83 percent compared to the same period last year. The nation’s exports dropped 51.38 percent to $799.82 billion; imports dropped 48.81 percent to $1.28 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $479.12 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Japan by value through July were the categories of LNG, other petroleum gases; Civilian aircraft, parts; Medical instruments; Corn; and Medicines in individual dosages, respectively. They accounted for 24.86 percent of total exports to Japan.

The value of the top five categories of U.S. imports from Japan –– Passenger vehicles; Motor vehicle parts; Machinery, parts for semiconductor manufacturing; Self-propelled heavy construction machinery; and Printers, all types, parts –– accounted for 36.25 percent of all inbound shipments.

Looking more closely at U.S. exports to Japan:

  • LNG, other petroleum gases fell 13.56 percent compared to last year to $2.93 billion.
  • Civilian aircraft, parts fell 40.06 percent compared to last year to $2.43 billion.
  • Medical instruments fell 3.8 percent compared to last year to $1.5 billion.
  • Corn fell 15.79 percent compared to last year to $1.35 billion.
  • Medicines in individual dosages fell 1.59 percent compared to last year to $1.25 billion.

Looking more closely at U.S. imports from Japan:

  • Passenger vehicles fell 35.8 percent compared to last year to $15.14 billion.
  • Motor vehicle parts fell 29.48 percent compared to last year to $3.07 billion.
  • Machinery, parts for semiconductor manufacturing fell 28.11 percent compared to last year to $2.06 billion.
  • Self-propelled heavy construction machinery fell 29.79 percent compared to last year to $1.82 billion.
  • Printers, all types, parts fell 9.47 percent compared to last year to $1.63 billion.

In the latest annual figures available, Japan recorded $218.29 billion in trade with the United States. Total U.S. exports to Japan were $ 74.65 billion and imports from Japan were $143.64 billion. The U.S. deficit with Japan was $68.98 billion.