Thursday, March 6, 2014

Japan's Main Exports and Imports

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.  

No comments:

Post a Comment