Analysis and Studies - Country Analysis
Comparison China/Japan
January 8th 2024
About 2021
In 2021, China exported $168B to Japan. The main products that China exported to Japan are Computers ($11.3B), Broadcasting Equipment ($9.62B), and Office Machine Parts ($4.08B). During the last 26 years the exports of China to Japan have increased at an annualized rate of 6.54%, from $32.5B in 1995 to $168B in 2021.
In 2021, China didn’t export any services to Japan.
Japan-China
In 2021, Japan exported $153B to China. The main products that Japan exported to China were Machinery Having Individual Functions ($9.41B), Cars ($8.85B), and Integrated Circuits ($8.46B). During the last 26 years the exports of Japan to China have increased at an annualized rate of 7.66%, from $22.5B in 1995 to $153B in 2021.
In 2009, Japan exported services to China worth $16.3B, with Services not allocated ($8.13B), Transportation ($3.44B), and Travel ($2.61B) being the largest in terms of value.
Comparison
In 2021, China ranked 25 in the Economic Complexity Index (ECI 1.07), and 1 in total exports ($3.34T). That same year, Japan ranked 1 in the Economic Complexity Index (ECI 2.06), and 4 in total exports ($731B).
About 2023
In September 2023, China exported $14.3B and imported $14.3B from Japan, resulting in a positive trade balance of $8.94M. Between September 2022 and September 2023 the exports of China have decreased by $-984M (-6.45%) from $15.2 billion to $14.3 billion, while imports decreased by $-2.26B (-13.7%) from $16.5 billion to $14.3 billion.
Moreover, in September 2023, the top exports of China to Japan were Telephones ($1.05B), Computers ($925M), Iron Ore ($370M), Motor vehicles; parts and accessories (8701... ($338M), and Trunks and Cases ($270M). In September 2023 the top imports of China from Japan were Integrated Circuits ($1.9B), Machines and apparatus of a kind...($1.07B), Cars ($980M), Motor vehicles; parts and accessories (8701... ($651M), and Semiconductor Devices ($376M).
In September 2023 the exports of China were mainly from Jiangsu Province, with a substantial export value of $2.63 billion, Guangdong Province, whose exports amounted to $2.57 billion, Shandong Province, with exports valued at $1.95 billion, Shanghai Province ($1.8B), and Zhejiang Province ($1.36B), played roles in the global export market, with exports valued at $1.8 billion and $1.36 billion, respectively.
On the other hand, imports destinations were mainly Shanghai Province, whose imports amounted to $2.97 billion, Guangdong Province, with imports valued at $2.89 billion, Jiangsu Province, which contributed significantly with imports worth $2.34 billion, Beijing and Zhejiang Province played important roles in the global import market, with imports valued at $1.33 billion and $1.04 billion, respectively.
What about growth, in September 2023, the decrease in China's year-by-year exports to Japan was explained primarily by an decrease in product exports in Computers (-22.5%), Telephones (-9.34%), and Other Cloth Articles (-41.7%).
In September 2023, the decrease in China's year-by-year imports from Japan was explained principally by a decrease in product imports in LCDs (-88.4%), Spark-Ignition Engines (-75.8%), and Other Measuring Instruments (-15.8%).
Fonti:
https://oec.world/en
https://data.worldbank.org/
https://www.trademap.org/