In 2024, the total value of foreign trade in Japan reached almost 220 trillion Japanese yen. Trade reached a decade-high due to strong exports amid a weak yen. Japan’s trade openness ratio grew rapidly in the last decade as regulations were loosened to open domestic markets to foreign businesses. Trade commodities Durable goods such as electrical machinery, general machinery, and transport equipment are the main trade commodities in Japan. Machinery and motor vehicles are integral parts of the export market due to the global market positions of successful Japanese multinational manufacturers like Toyota Motor Corporation, Honda Motor Company, Ltd., and Komatsu Ltd. among others. Trade partners Japan's main trade partners are China and the United States, which between them receive more than a third of all goods exported from Japan. While the country records a surplus in its trade with the United States, the balance of trade with China is characterized by a deficit, as imports exceed the value of exports. However, to diversify its supply chain and broaden foreign distribution channels, the country entered into free trade agreements with neighboring nations and other Western partners.

In 2024, the commodity exports from Japan were valued at over 107 trillion Japanese yen, out of which transport equipment like motor vehicles and related parts accounted for the largest share. Exports of general machinery followed as the second main segment, with 18.45 trillion yen.

Graph and download economic data for International Merchandise Trade Statistics: Imports: Commodities for Japan (XTIMVA01JPM659S) from Jan 1958 to May 2025 about imports, Japan, trade, and goods.

Japan's total Exports in 2024 were valued at US$707.39 Billion, according to the United Nations COMTRADE database on international trade. Japan's main export partners were: the United States, China and South Korea. The top three export commodities were: Vehicles other than railway, tramway; Machinery, nuclear reactors, boilers and Electrical, electronic equipment. Total Imports were valued at US$742.67 Billion. In 2024, Japan had a trade deficit of US$35.28 Billion.

Electrical machinery was the most traded commodity in Japan in 2024, with imports and exports summing up to over ** trillion Japanese yen. That year, the total value of foreign trade in Japan exceeded *** trillion yen.

Graph and download economic data for International Merchandise Trade Statistics: Imports: Commodities for Japan (XTIMVA01JPQ664S) from Q1 1955 to Q1 2025 about imports, Japan, trade, and goods.

Japan JP: Goods Trade: % of GDP data was reported at 28.120 % in 2017. This records an increase from the previous number of 25.307 % for 2016. Japan JP: Goods Trade: % of GDP data is updated yearly, averaging 18.298 % from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 30.975 % in 2014 and a record low of 13.557 % in 1993. Japan JP: Goods Trade: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Japan – Table JP.World Bank: Trade Statistics. Merchandise trade as a share of GDP is the sum of merchandise exports and imports divided by the value of GDP, all in current U.S. dollars.; ; World Trade Organization, and World Bank GDP estimates.; Weighted average;

Japan Exports of commodities not specified according to kind was US$58.94 Billion during 2024, according to the United Nations COMTRADE database on international trade. Japan Exports of commodities not specified according to kind - data, historical chart and statistics - was last updated on June of 2025.

In 2024, commodities imported to Japan were valued at around *** trillion Japanese yen, out of which mineral fuels accounted for almost a quarter. Due to the lack of oil reserves in Japan, the country is reliant on imports from overseas to cover its domestic energy demand.

The Japanese yen based export price index (EPI) for all traded commodities stood at ***** index points in 2023. This indicated an export price increase by over ** index points compared to the base year 2020, when the lowest EPI was recorded for the most recent seven years.

Japan Exports of commodities not specified according to kind to Palau was US$365.17 Thousand during 2024, according to the United Nations COMTRADE database on international trade. Japan Exports of commodities not specified according to kind to Palau - data, historical chart and statistics - was last updated on June of 2025.

Japan Exports of commodities not specified according to kind to Guatemala was US$10.76 Million during 2024, according to the United Nations COMTRADE database on international trade. Japan Exports of commodities not specified according to kind to Guatemala - data, historical chart and statistics - was last updated on June of 2025.

Japan Exports of commodities not specified according to kind to Paraguay was US$9.87 Million during 2024, according to the United Nations COMTRADE database on international trade. Japan Exports of commodities not specified according to kind to Paraguay - data, historical chart and statistics - was last updated on June of 2025.

Key information about Japan Total Trade of Goods and Services: % of Nominal GDP

• Japan Total Trade of Goods & Services: % of Nominal GDP recorded 45.393 % in Dec 2024, compared with 47.632 % in the previous quarter.
• Japan Total Trade of Goods & Services: % of Nominal GDP data is updated quarterly, available from Mar 1955 to Dec 2024, with an averaged value of 22.752 %.
• The data reached an all-time high of 51.025 % in Sep 2022 and a record low of 14.627 % in Dec 1993.

CEIC calculates quarterly Total Trade of Goods and Services as % of Nominal GDP from quarterly Total Trade of Goods and Services and quarterly Nominal GDP. Economic and Social Research Institute provides Total Trade of Goods and Services in local currency and Nominal GDP in local currency, both based on SNA 2008. Total Trade of Goods and Services as % of Nominal GDP prior to Q1 1994 is calculated from Nominal GDP and Total Trade of Goods and Services both based on SNA 1993. Total Trade of Goods and Services as % of Nominal GDP prior to Q1 1980 is calculated from Nominal GDP and Total Trade of Goods and Services both based on SNA 1968.

Net trade in goods and services (BoP, current US$) in Japan was reported at --69106122533 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Japan - Net trade in goods and services (BoP, current US$) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

In 2024, general machinery accounted for the largest share of exports from Japan to China, valued at around *** trillion Japanese yen. Electrical machinery followed closely in second place as the largest export commodity from Japan. Both commodity groups also play a major role in the import market from China to Japan.

Credit report of Japan Commodities & Trade Corporation contains unique and detailed export import market intelligence with it's phone, email, Linkedin and details of each import and export shipment like product, quantity, price, buyer, supplier names, country and date of shipment.

In 2023, imports of goods to Japan represented an **** percent share of the country's gross domestic product (GDP). Major commodities imported to Japan include mineral fuels and electrical machinery.

Japan Exports of commodities not specified according to kind to Mozambique was US$4.72 Million during 2024, according to the United Nations COMTRADE database on international trade. Japan Exports of commodities not specified according to kind to Mozambique - data, historical chart and statistics - was last updated on June of 2025.

Japan TB: China: Photographic or Cinematographic Goods data was reported at 19.890 JPY bn in Mar 2025. This records a decrease from the previous number of 20.738 JPY bn for Feb 2025. Japan TB: China: Photographic or Cinematographic Goods data is updated monthly, averaging 4.198 JPY bn from Jan 1988 (Median) to Mar 2025, with 447 observations. The data reached an all-time high of 21.468 JPY bn in Dec 2024 and a record low of 0.316 JPY bn in Jan 1989. Japan TB: China: Photographic or Cinematographic Goods data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s Japan – Table JP.JA006: Trade Balance: by Country and Commodity: by 2 Digit HS Code.