Japan-US Formed Alliance On Trade Agreement With Each Other
15 December 2021

On the 17th of November 2021 USA and Japan signed a
trade agreement on the basis of conditions that will prosper both of the country’s
trade with each other as the major objective. Office of the US Trade
Representative (USTR) and Japan’s Ministry of Foreign Affairs with Japan’s
Ministry of Economy, Trade, and Industry signed this agreement with the intent
to grow the cooperation between both countries and regulate smooth trade flows
with each other.
The USA and Japan had a shared import and export
agreement for further strengthening of this cooperation between countries in
all trade-related matters. Get in-depth information on the import and export
activities of the USA and Japan from our import-export
online intelligence.
US-Japan Trade
(Jan 2020-Sep 2021)
Interdependence of the USA and Japan are represented
in both countries trade data. Table 1 shows the imports of the USA from Japan
for the take time range of Q1-2020 to Q3-2021. Table 2 highlights the quarterly
imports of Japan from the USA during the same taken time range of Q1-2020 to
Q3-2021. Access USA import data and Japan import data according to the
requirement of your trade data queries and strategize your business operations
accordingly.
USA has imported the highest during the second quarter
of the year 2021 with an import value of $36.35 billion. The lowest imports are
recorded in the first quarter of the year 2020. Get access to a free sample of import-export data of the USA to
take a glimpse into our data.
Period |
Value USD Billion |
Q1-2020 |
23.39 |
Q2-2020 |
24.54 |
Q3-2020 |
28.59 |
Q4-2020 |
35.24 |
Q1-2021 |
32.77 |
Q2-2021 |
36.35 |
Q3-2021 |
36.28 |
Japan imported the highest from the USA during the
second quarter of the year 2021 with an import value of $20.97 billion. The
lowest import value is recorded in the first quarter of the year 2020. Hover
over the free sample for Japan import-export data to get
familiar with our services.
Period |
Value USD Billion |
Q1-2020 |
13.19 |
Q2-2020 |
18.06 |
Q3-2020 |
16.52 |
Q4-2020 |
17.47 |
Q1-2021 |
19.25 |
Q2-2021 |
20.97 |
Q3-2021 |
20.86 |
Both the USA and Japan have imported the highest in
the second quarter of the year 2021, while the lowest imports belong to the
first quarter of the year 2021. For businesses out there looking for
opportunities in both the regions as per the business, can consider this
period.
The aforementioned point of interdependence between
the USA and Japan are represented in this section from traded commodities point
of view. Table 3 highlights the top exported products to the USA from Japan for
the year 2021. Each segment is divided into the quarters of 2021, and further
into the top commodities exported belonging to the particular quarter of the
year with their respective value. Table 4 highlights the top exported
commodities to Japan from the USA for the same taken period and the approach in
the USA imports from Japan 2021 in Table 3.
It is pretty clear that Japan has exported these
commodities the highest so far in 2021 — Vehicles and their parts; Industrial
Machinery; and Electronics and their parts. These commodities are featured in
the three different quarters of 2021 and have slightly different values. Among
these three commodities and the three quarters of the taken year in below Japan export data, vehicles, and
their parts accounted for the most exports during the second quarter of the
year 2021.
Quarter |
Commodity |
Value USD Billion |
First |
Vehicles and Parts |
10.82 |
Industrial Machinery |
7.04 |
|
Electronics and Parts |
3.83 |
|
Second |
Vehicles and Parts |
10.90 |
Industrial Machinery |
8.12 |
|
Electronics and Parts |
4.14 |
|
Third |
Vehicles and Parts |
10.32 |
Industrial Machinery |
8.16 |
|
Electronics and Parts |
4.07 |
USA export data below shows that these three
commodities accounted for the highest exports in the year 2021 so far — Mineral
Fuels & Oils; Optical, Medical, etc. Instruments; and Industrial Machinery.
Among all the top US exported commodities to Japan, and among all the three
quarters of 2021 - Mineral fuels & oils accounted for the highest exports
in Q2-2021.
Quarter |
Commodity |
Value USD Billion |
First |
Mineral Fuels & Oils |
2.63 |
Optical, Medical, etc.
Instruments |
1.78 |
|
Industrial Machinery |
1.46 |
|
Second |
Mineral Fuels & Oils |
2.67 |
Optical, Medical, etc.
Instruments |
1.67 |
|
Industrial Machinery |
1.61 |
|
Third |
Mineral Fuels & Oils |
2.63 |
Optical, Medical, etc. Instruments |
1.70 |
|
Industrial Machinery |
1.64 |
In conclusion, both the USA and Japan traded the
highest in the second quarter of this year so far, with industrial machinery
being the common ‘top commodity’ in both. However, being specific, the USA
exported mineral fuels & oils the highest to Japan, while Japan exported
the vehicles and their parts to the USA. Conduct a live search for your specific trade data
queries.
With the deepening of the cooperative relationship
between the USA and Japan, the market opportunities will also increase for
businesses from different countries and industries. Access our import-export
trade intelligence platform online to fully understand the trade insights. Check out the plan and pricing to
opt accordingly to your budget, or schedule a free demo to simply try.
