United States (USA) and Japan (JPN) Trade

2022

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Exports $79.5BRnk 4 / 219

2022

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About

United States-Japan In 2022, United States exported $79.5B to Japan. The main products that United States exported to Japan are Petroleum Gas ($9.52B), Packaged Medicaments ($4.22B), and Corn ($3.26B). During the last 27 years the exports of United States to Japan have increased at an annualized rate of 0.64%, from $66.9B in 1995 to $79.5B in 2022.

In 2017, United States exported services to Japan worth $47.1B, with Other business services ($9.67B), Travel ($9.01B), and Transportation ($8.01B) being the largest in terms of value.

Japan-United States In 2022, Japan exported $137B to United States. The main products that Japan exported to United States were Cars ($32.9B), Motor vehicles; parts and accessories (8701 to 8705) ($7.72B), and Machinery Having Individual Functions ($5.82B). During the last 27 years the exports of Japan to United States have increased at an annualized rate of 0.49%, from $120B in 1995 to $137B in 2022.

In 2009, Japan exported services to United States worth $72.8B, with Services not allocated ($35.5B), Other business services ($16.9B), and Royalties and license fees ($8.5B) being the largest in terms of value.

Comparison In 2022, United States ranked 10 in the Economic Complexity Index (ECI 1.41), and 2 in total exports ($1.95T). That same year, Japan ranked 1 in the Economic Complexity Index (ECI 1.99), and 4 in total exports ($728B).

COMPANIES In 2023, leading companies such as ROBERT BOSCH TOOL CORPORATION (49.5k), SUMITOMO RUBBER NORTH AMERICA, INC. (27.2k), and NISSAN NORTH AMERICA, INC. (23.3k) were at the forefront of exporting goods from Japan to the United States. Conversely, BOSCH CORPORATION (50.4k), SUMITOMO RUBBER INDUSTRIES,LTD. (13.7k), and KUBOTA CORPORATION (12.9k) were notable for importing Japan products to the United States.

Latest Trends

January, 2024

About

Overview In January 2024, United States exported $5.8B and imported $12.6B from Japan, resulting in a negative trade balance of $6.82B. Between January 2023 and January 2024 the exports of United States have decreased by $-289M (-4.74%) from $6.09B to $5.8B, while imports increased by $1.59B (14.5%) from $11B to $12.6B.

Trade In January 2024, the top exports of United States to Japan were Petroleum Gas ($808M), Packaged Medicaments ($406M), Medical Instruments ($222M), Vaccines, blood, antisera, toxins and cultures ($194M), and Soybeans ($174M). In January 2024 the top imports of United States from Japan were Cars ($2.53B), Large Construction Vehicles ($555M), Motor vehicles; parts and accessories (8701... ($478M), Packaged Medicaments ($358M), and Commodities not elsewhere specified ($273M).

Origins In January 2024 the exports of United States were mainly from Texas ($943M), California ($757M), Washington ($356M), Louisiana ($304M), and Illinois ($273M), while imports destinations were mainly California ($2.04B), Texas ($1.63B), Tennessee ($1.19B), Georgia ($673M), and Illinois ($640M).

Growth In January 2024, the decrease in United States's year-by-year exports to Japan was explained primarily by an decrease in product exports in Corn ($-163M or -55.8%), Platinum ($-73.4M or -45.8%), and Precious Metal Scraps ($-52.5M or -59.8%). In January 2024, the increase in United States's year-by-year imports from Japan was explained primarily by an increase in product imports in Large Construction Vehicles ($166M or 42.7%), Electric Batteries ($77.5M or 45.5%), and Packaged Medicaments ($55M or 18.2%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$-289M(-4.74%)

IMPORT GROWTH (January 2023 - January 2024)$1.59B(14.5%)

MAIN EXPORTER (January 2024)Texas$943M

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Japan and United States trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, United States exported $79.5B to Japan. The main products exported from United States to Japan were Petroleum Gas ($9.52B), Packaged Medicaments ($4.22B), and Corn ($3.26B). During the last 27 years the exports of United States to Japan have increased at an annualized rate of 0.64%, from $66.9B in 1995 to $79.5B in 2022.

In 2022, Japan exported $137B to United States. The main products exported from Japan to United States were Cars ($32.9B), Motor vehicles; parts and accessories (8701 to 8705) ($7.72B), and Machinery Having Individual Functions ($5.82B). During the last 27 years the exports of Japan to United States have increased at an annualized rate of 0.49%, from $120B in 1995 to $137B in 2022.

Exports from United States () to Japan () (2022)

Exports from Japan () to United States () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United States
Top DestinationCanada$308B

Japan
Top DestinationUnited States$137B

This map shows whether countries import more from United States or Japan. Each country is colored based on the difference in imports they receive from United States and Japan or the difference in the growth in imports.

In 2021, countries that imported more from United States than Japan were Canada ($308B), Mexico ($294B), and United Kingdom ($75.4B).

In 2021, countries that imported more from Japan than United States were Thailand ($30.8B), Chinese Taipei ($50.1B), and Vietnam ($17.9B).

Difference in imports from Japan () and United States () (2022)

Comparative Advantage United States - Japan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between United States and Japan by product, considering products traded by both, United States and Japan.

During 2022, United States had a large net trade with Japan in the exports of Mineral Products ($15.6B), Chemical Products ($14.8B), and Machines ($12.7B).

During 2022, Japan had a large net trade with United States in the exports of Machines ($51.8B), Transportation ($45.4B), and Chemical Products ($12.1B).

Service Trade

Bilateral Service Trade

Jpn Year

Usa Year

In 2017, United States exported services to Japan worth $47.1B, with Other business services ($9.67B), Travel ($9.01B), and Transportation ($8.01B) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United States () to Japan () (2017)

Services Exports from Japan () to United States () (2009)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more United States has comparative advantage over Japan. Similarly, the more yellow a dot/product is, the more Japan has comparative advantage over United States.

Product Space of United States () and Japan () (2022)

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