Today, Japan plays a competitive role in international trade.
The country is the
5th largest importer and exporter in the world. Like many of the
other Asian countries that have experienced rapid economic growth in
the past few decades, exports have had a historical significance to
the Japanese economy.
Japan lacks many raw materials needed for
industry and energy, such as oil, coal, iron ore, copper, aluminum
and wood. Japan must import most of these goods.In order to pay for
these imports, Japan must export a variety of manufactured goods to
other countries.
Major Japanese exports include
electronic equipment and cars.The fishing industry in Japan
constitutes also a major industry and export.
The amount of land in Japan suitable for
agriculture is insufficient to produce enough food for Japan's large
population. As a result, Japan imports most of its food from other
countries.
In recent
years, Japan has been the top export market for 15 trading nations
worldwide.
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