Search results
Results from the WOW.Com Content Network
As imports from the Middle East surged in the 1970s, so did Japan's exports to the region. Paralleling the pattern for imports, however, this share fell in the 1980s. Amounting to 1.8 percent in 1960, exports to this region rose to 11.1 percent of total Japanese exports in 1980 but then declined to 3.6 percent by 1988. [1]
The following is a list of the exports of Japan. Data is for 2016–2020, in millions of United States dollars, as reported [1] by The Observatory of Economic Complexity. Currently the exports contributing at least 0.67% to total export in any year are listed.
The following is a list of the 15 largest trading partners of Japan. These figures do not include services or foreign direct investment, but only trade in goods. The fifteen largest Japanese trading partners with their total trade (sum of imports and exports) in billions of US dollars for calendar year 2021 are as follows: [1]
The United States also attempted to emulate the business model to promote exports in the early 1980s by enacting the Export Trading Company Act of 1982. At the time the law was debated, Mitsui & Co. was the sixth-largest exporter from the United States, and sogo shosha accounted for about half of Japan's inbound and outbound trade. [3]
Automobiles were a major area of contention for the Japan-United States relationship during the 1980s. When the price of oil rose in the 1979 energy crisis, demand for small automobiles increased, which worked to the advantage of Japan's exports to the United States market. As the Japanese share of the market increased, to 21.8 percent in 1981 ...
Japan was occupied until 1952 when the Treaty of San Francisco came into effect. Japan–United States relations continued to evolve throughout the Cold War and into the 21st century, with periods of cooperation and occasional trade disputes. The two nations maintain strong economic ties, and Japan is a crucial ally of the United States in Asia.
The economy of Japan is a highly developed mixed economy, often referred to as an East Asian model. [24] It is the fourth-largest economy in the world by nominal GDP behind the United States, China, and Germany, and the fifth-largest by purchasing power parity (PPP), below India and Russia. [25]
The surplus reached a record US$18.2 billion in 1978, promoting considerable tension between the United States and Japan. In 1979 petroleum prices jumped again, and Japan's trade balance again turned to deficit, reaching US$10.7 billion in 1980. Once again, rapid export growth and stagnant imports returned Japan quickly to surplus by 1981.