Welcome back, Daniel Workman here, senior research yst at World's Top exports.com
In this presentation, we're going to compare the inter country performance for two titans of international trade
Japan and the United States of America. The USA is the world's number two exporter by total revenues in 2022
While Asian star Japan rounded out the top five exporter nations. Now let's look at the agenda for our comparison
We'll quantify key facts, distinguishing the two competitors. Then we'll focus on the most valuable exported products that Japan sold to its American
importers. Our next topic showcases goods imported from the USA on which Japanese buyers spent the most
We will present a graphic to compare Japan's trade balances with America from 2018 to 2022
Then we'll spotlight the major competitive advantages and disadvantages of the two major trade competitors
Finally, we'll highlight the most important insights for our country versus country ysis
Now, for the tail of the tape for our two competitors in terms of GDP on a purchasing power parity basis
America's economy is four times bigger than Japan's us. A's population is more than 2.5 times Japan's demographics
Japan and the USA are distant trade partners. For example, the flight from Tokyo to New York City lasts 14.5 hours
Nevertheless, the USA was Japan exporter second largest customer after mainland China in fourth place
Japan ranked lower among international buyers of American exported goods. Japan exporters grew their sales to S A by 3.5
trailing the 9.9% increase in Japanese purchases of products imported from the United States of America
Many of Japan's leading exports to the USA are vehicles related. The fastest growing among these top exports were construction vehicles led
by bulldozers, us other best selling Japanese exports to the USA range from semiconductor making equipment and printing machinery
to medications, also called secondary batteries, electric accumulators are rechargeable storage
devices used in electric vehicles. The eight top exports from Japan to America represent 42.5
of all Japanese sales to buyers in the USA. Japan's major imports from America are highly
diversified. Ranging from petroleum gas and turbo jets to corn and coal
Coal attracted the strongest spending increase by Japanese importers from 2021 to 2022
The leading eight imports shown generated 37.6% of Japan's overall imports from the United States of America
Japan's exports to the USA reached 100 and $40.8 billion in 2022
Eclipsing the total $91.4 billion in Japanese imports from America. Over the past five years
Japan continues to earn multibillion dollar trade surpluses at the expense of America
Japan's trade surplus with the USA shrank by minus 6.6% in 2022 compared to 2021
Here are some essential findings from our presentation. Despite its geographic distance from Japan
the United States of America is nevertheless the second biggest purchaser of products exported from the land of the rising sun
Also a tighten in global trade. Japan ranked fourth among international customers spending on imports from the USA
Japan's top exports to America are heavily vehicles related. Japan's most valuable imports from the USA are more diversified
than its top exports. Japan incurred a $49.4 billion surplus trading products with the USA
in 2022 continuing a string of Japanese surpluses at America's expense. And for our bonus insight
the Japanese Yen depreciated by minus 19.7% versus the US dollar from 2021 to 2022
That depreciation makes Japan's imports from America more expensive because Japanese buyers had to spend more Japanese yens
for imported goods, priced in costlier us dollars. For more key insights and useful
international trade data. Please visit us at worlds top exports.com note that many of our articles feature a searchable document
database that showcases our country's top 100 most valuable exported products. And we'll see you again on our next video