¶ … Trade between the United States and Japan [...] trade between the United States and Japan, such as exports and imports of goods, exports and imports of services, tourism, and investments. Japan and the United States are two of the premier forces in trade around the world. The two countries depend heavily on each other in a variety of trade areas, from electronics to tourism and banking. Together, they form a formidable bond of trade that dominates the world market and the world economy.
In 2002, Japan's total foreign trade was 52,109 billion yen. The portion they traded with the United States was 14,873 billion yen, or 28% of the country's total foreign trade ("Yearbook," 2003). Conversely, the United States only trades about 9% of their foreign trade with Japan, so there has been a deficit between the two countries for many years. This seems odd since Japan is a smaller country with less population and square area than the United States. However, many of Japan's trade items are extremely popular in America, and so the deficit continues to grow.
JAPANESE EXPORTS
The Japanese export a wide variety of items from motor vehicles to electronics. Their major market is Southeast Asia, where they trade 37% of their exports, and then the United States with 28%. Japanese automobiles are popular around the world, and they are extremely common in the United States. From Subaru to Honda, Japanese automakers exported 4,468,092 billion yen worth of automobiles to the United States in 2002, which averages out to about 493,000 vehicles (not including trucks and motorcycles). They also exported about 889,898 billion yen worth of automobile parts to the U.S. ("Yearbook, 2003). The country also exports a large amount of electronic goods, including cameras, computers, televisions, and music players, along with some agricultural goods and silk fabric. Japan's exports keep the country in good economic shape most of the...
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