High technology products are what catapulted to Japan’s economic growth and one of the reasons for it’s fast progress is due to its high productivity. Japan’s lack for natural resources makes up for its state-of-the-art export technology.
Heavily Exported Products
Here are the lists of the most popular exports in Japan and in-demand for international trade.
1. Vehicles
It’s no surprise that Japan’s most popular exports are used vehicles due to the fact that they are of high quality and are known to be durable and dependable. Based on the statistics in 2019, Japan had exported a whopping 4.8 million vehicles, most of them being passenger cars in approximately 4.4 million units.
2. Consumer Electronics
The country is one of the largest exporters of electronics industry in the world and has several companies that produce camcorders, television, video players, audio players etc.
Japan is pioneer to several relevant advancement of technology in the world and still is the most reliable exporter of these devices as of today due to its durability and quality.
3. Optical, Photo, Technical and Medical Apparatus
During 2019, Japan had exported approximately 39.07 Billion USD in Optical, photo, technical and medical apparatus in international trade becoming the third largest exporter of Photo lab equipment. Japan’s major buyers are China, Chinese Taipei, South Korea, Israel and the United States.
4. Metal, Steel
Japan is the second largest steel exporter in the world that in 2019, Japan exported 15.9 million metric tons of steel. The country exports steel in at least 190 countries and territories; the top three major export partners are China, South Korea and Thailand. The largest steel manufacturing countries are JFE Steel, Nippon and Sumitomo and Kobe Steel.
5. Machinery and Computer Equipment
Japan remains one of the largest chip manufacturers widely in the world known consistently to it’s quality, sophistication and reliability. Among the popular computer manufacturing industries from Japan are Hitachi, Fujitsu, IBM Japan, NEC etc. Despite the growing competitors of neighboring countries such as South Korea and China, Japan is still one of the leading exporters of these electronic products due to its pioneering history and exceptionally fast technological advancement.
Conclusion
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References:
http://afe.easia.columbia.edu/japan/japanworkbook/economics/factshe.htm
http://www.worldstopexports.com/japans-top-10-exports/
https://en.wikipedia.org/wiki/Manufacturing_in_Japan
BY LA