japan

Japan

akysah
Akshay Jadhav

Country Expert

Japan Statistics

Japan is renowned throughout the world for its traditional arts including tea ceremonies, calligraphy and floral arrangements. The country has a legacy of characteristic gardens, sculpture, and poetry. Japan has over a dozen UNESCO World Heritage sites and is the birthplace of sushi, one of Japan’s most famous being the world’s third largest economy after the US and China and the world’s second-largest computer and telecommunications market. Japanese companies often have a global perspective and a willingness to invest in viable products and services over the long term The country has the world’s second-highest R&D spending, and its businesses remain among the most profitable and technologically advanced in the world. Targeted at Japan may be challenging.
The peculiar and ritualized business culture of Japan is also seen as the greatest barrier for foreign businesses trying to establish themselves on the Japanese market. During any type of business meetings the Japanese highly value etiquette and protocol. Japanese are Westerners’ very forgiving provided they demonstrate respect and interest in learning Japanese culture and etiquette. Japan, one of the most literate and technologically developed nations in the world, is an East Asian archipelago consisting of four main islands and over 6,800 others.
$ 1
GDP in Trillion
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Population (2019)
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Import Of Japan:

Japan, world’s imported $632B in 2019 making it the world’s fourth-largest importer.
Main Import Countries

Export Of Japan

Japan, world’s fourth-largest exporter, shipped goods worth $705.7 billion worldwide in 2019.
Main Export Countries

Major Sectors

Aerospace industry Tourism Automotive Industry Electronics Industry Agriculture Industry

The Japanese aeronautics sector is one of the largest in the world; however a need to increase competitiveness through international collaboration is being increasingly recognised by those in the industry.
The Japanese aerospace industry turnover in 2016 amounted to 2,033 billion yen. The breakdown of the turnover is 1,706 billion yen for the aircraft sector and 327 billion yen for the space sector. The value of production of the Japanese aerospace is primarily in providing aircraft components for commercial aircraft produced for overseas customers and defense aircraft.
Although public sector involvement is primarily focused on the USA, European aeronautics companies are highly regarded in Japan. As a result, several successful partnerships between Japanese and European companies have taken place to date and many more opportunities remain for EU companies keen to engage in the Japanese market. his statistic depicts the turnover of the aircraft manufacturing industry in Japan in 2017, sorted by sector. During the surveyed period, the production value of aircrafts for civil exports was valued at around 843 billion Japanese yen, representing the largest share of the aircraft industry turnover in Japan.

Japan is one of the leading tourism destinations in the APAC region. The Japanese tourism industry has demonstrated sustainable growth during recent years.
The number of international travelers coming to Japan more than tripled during the recent decade. As of 2017, about 29 million international travelers visited Japan – up from appr. 24 million foreign visitors registered in 2016. It is expected that about 40 million visitors will come to Japan in 2020 due to the Summer Olympics that are scheduled to be held in Tokyo. The most popular cities amid foreign travelers are Tokyo, Osaka, Kyoto, and Kobe.
In 2017, the contribution of the travel and tourism industry to the country’s GDP totaled some JPY 24.46 trillion, with leisure travel accounting for the bigger share – nearly 68%. In the same year, the travel and tourism sector made a direct contribution of nearly 1.1 million jobs to the country’s employment.
Domestic tourism in Japan represents the lion's share of the tourism industry's contribution to the gross domestic product, its chances to further prosper is limited and domestic tourist spending has stagnated in recent years. The Japanese outbound travel market, however, of which mainly travel agencies and tour operators benefit, has grown again since 2015. In 2018, almost 19 million people from Japan traveled overseas.31.19 million are inbound tourist to japan. 13.8 million inbound tourist in Tokyo in 2018.Maniland china is the place where highest number of people visiting tourist.
Japan's Tourism Revenue reached 45 USD bn in Dec 2018.

Automotive manufacturing is one of the most successful sectors in Japan, commanding a great share of the world’s automotive business. Japan takes the third spot on the list of the world’s largest automobiles producing countries. At present, Japan produces motor vehicles, tires, engines, and other auto components and parts.
The prominent automotive industry players in Japan include Toyota, Isuzu, Mitsubishi, Honda, Suzuki, Nissan, Mazda, Subaru. Some world’s leading motorcycles manufacturers like Yamaha, Honda, Kawasaki, and Suzuki are also based in Japan.
In 2018 motor vehicle production in Japan totalled 9.73 million units, up 0.4% from 2017, expanding for the second consecutive year. Passenger car production rose 0.1% to a total of 8.36 million units. Within that category, standard cars climbed 2.1% to 5.26 million units and minicars grew 0.9% to 1.50 million units, but small cars fell 6.5% to 1.61 million units. Meanwhile, truck production increased 3.1% from 2017 to 1.26 million units, whereas bus production decreased 8.0% to 113,000 units.

Revenue in the Consumer Electronics segment amounts to US$13,238m in 2020. Revenue is expected to show an annual growth rate (CAGR 2020-2024) of 4.5%, resulting in a market volume of US$15,799m by 2024. User penetration is 30.0% in 2020 and is expected to hit 38.3% by 2024.
In 2019, the total production value of the electronics industry in Japan amounted to around 10.5 trillion Japanese yen. Electronic components and devices such as integrated circuits (ICs) were the leading product category of the Japanese electronic industry, accounting for the majority of the total production value in 2019.
Japan’s electronics industry is the biggest consumer electronics industry around the world, though the share held by the Japanese companies has declined in the wake of the growing competition from the major rivals (namely South Korea, China, and Taiwan). Japanese companies have introduced a great number of important innovations and have ranked amid top countries in terms of patent filings. The country’s electronics industry players pioneered the transistor radio, first mass-produced laptops, LCD screens, solar cells, VHS recorders, to name a few. As of 2017, the overall value of electronics produced in the country amounted to appr. JPY 11.9 trillion, registering a modest increase from around JPY 11.2 trillion in the previous year.
Some of the widely renowned electronics companies based in Japan include Canon, Fujifilm, Sony, Nikon, Panasonic, Nintendo, Pioneer, Hitachi, Casio, Akai, JVC Kenwood, Toshiba, Sharp Corp., to name a few.

Agriculture, forestry and fishing was an integral part of the Japanese economy.The agricultural sector contributes around 1.1% to the Japanese GDP. Only some 12% of the country’s land is suitable for cultivation, therefore, systems of terraces are widely used in small areas.
Therefore, Japan boasts one of highest levels of crop yields per unit area around the globe; the overall rate of agricultural self-sufficiency in Japan stands at around 50% on less than 56 thousand sq.km. of cultivated land. However, the Japanese agricultural sector is highly protected and subsidised by the government with many regulations favouring small-scale farming. Nevertheless, Japan is the second-biggest importer of agricultural products in the global arena. CROP PRODUCTION VALUE IN JAPAN IN 2017 is 5.96 tr JPY.
Japan is amongst the world’s top 10 rice producers. As of 2018, the country produced nearly 10.7 million metric tons of paddy rice. Rice grabs the bulk share of the country’s total cereal production. Although the country is generally self-sufficient in rice, it has to import around 50% of the domestic demand for other grains and fodder crops, moreover, it relies on imports for almost half of domestic meat consumption. The country also imports large volumes of soybeans and wheat.
Japan is one of the largest mandarin producing countries. In 2016, the country produced around 805,000 tons of mandarins – appr. 2.5% of the world’s total output volume.

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