Japan

Japan ranked No. 4 in total trade value in 2019 with a total of $218.29 billion. Exports totaled $74.65 billion and Imports totaled $143.64 billion, a deficit of $68.98 billion.

U.S. trade with Japan rose to $218.29 billion in 2019

Japan’s trade with the United States rose to $218.29 billion in 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 0.33 percent above its total trade of 2018. U.S. exports to Japan decreased 0.42 percent while U.S. imports from Japan rose 0.73 percent. The U.S. deficit with Japan was $68.98 billion.

Through December 2019, the top five among the nation’s airports, seaports and border crossings 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 2018, 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 Port of Long Beach and No. 5 Los Angeles International Airport. In 2019, the top five accounted for 39.64 percent of Japan’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Los Angeles rose 6.86 percent to $38.08 billion.
    Exports rose 12.86 percent to $7.17 billion. Imports rose 5.56 percent to $30.91 billion.
  • Trade with No. 2 Port of Tacoma, Wash. rose 17.36 percent to $17.13 billion.
    Exports fell 3.8 percent to $2.42 billion. Imports rose 21.77 percent to $14.71 billion.
  • Trade with No. 3 Chicago O’Hare International Airport rose 3.26 percent to $13.57 billion.
    Exports fell 2.35 percent to $5.16 billion. Imports rose 7.03 percent to $8.41 billion.
  • Trade with No. 4 Los Angeles International Airport fell 0.54 percent to $8.95 billion.
    Exports fell 9.01 percent to $5.07 billion. Imports rose 13.27 percent to $3.87 billion.
  • Trade with No. 5 Port of Newark fell 0.9 percent to $8.81 billion.
    Exports rose 26.65 percent to $523.63 million. Imports fell 2.25 percent to $8.28 billion.

Japan ranked No. 4 among the United States’ top trade partners in 2019. In 2018, it ranked No. 4.

Meanwhile, total U.S. trade with the world decreased to $4.14 trillion, down 1.37 percent compared to 2018. The nation’s exports dropped 1.13 percent to $1.65 trillion; imports dropped 1.53 percent to $2.5 trillion. The nation’s top five countries for 2019, by value, were Mexico; Canada; China; Japan and Germany. The overall trade deficit was $853.23 billion, down compared to 2018 when the deficit was $873.19 billion.

The top five U.S. exports to Japan by value through December 2019 were the categories of Civilian aircraft, parts; Petroleum gases, other gaseous hydrocarbons; Medical instruments for surgeons, dentists, vets; Medicines in individual dosages; and Corn, respectively. They accounted for 27.11 percent of total exports to Japan.

The value of the top five categories of U.S. imports from Japan –– Motor vehicles for transporting people; Motor vehicle parts; Machinery, parts for semiconductor manufacturing; Self-propelled heavy construction machinery; and Defense-related aircraft, parts –– accounted for 41.04 percent of all inbound shipments.

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

  • Civilian aircraft, parts rose 33.51 percent compared to last year to $7.53 billion.
  • Petroleum gases, other gaseous hydrocarbons rose 13.73 percent compared to last year to $5.89 billion.
  • Medical instruments for surgeons, dentists, vets fell 6.54 percent compared to last year to $2.67 billion.
  • Medicines in individual dosages rose 24.4 percent compared to last year to $2.17 billion.
  • Corn fell 29.4 percent compared to last year to $1.99 billion.

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

  • Motor vehicles for transporting people fell 3.25 percent compared to last year to $39.1 billion.
  • Motor vehicle parts fell 10.57 percent compared to last year to $7.11 billion.
  • Machinery, parts for semiconductor manufacturing rose 60.27 percent compared to last year to $4.48 billion.
  • Self-propelled heavy construction machinery rose 18.02 percent compared to last year to $4.18 billion.
  • Defense-related aircraft, parts fell 2.58 percent compared to last year to $4.07 billion.

In 2018 annual figures available, Japan recorded $217.56 billion in trade with the United States. Total U.S. exports to Japan were $74.97 billion and imports from Japan were $142.6 billion. The U.S. deficit with Japan was $67.63 billion.