Japan is an archipelago in the Pacific Ocean made up of more than 3,000 different islands. Its four main islands are Hokkaido, Honshu, Shikoku, and Kyushu, there are all connected by a series of bridges and tunnels (3).
Japan in 2013 stood as the fourth-largest economy in the world after second-place China, which surpassed Japan in 2001, and third-place India, which edged out Japan in 2012 (1). Currently Japan has made its way up to the third largest economy in the world, following the United States and China.
Japan’s natural resources include negligible mineral resources and fish (2). Its economy is structured as followed (in % of GDP): services 68.7%, industry 30.1% and agriculture 1.1% (2017) (12).
Japan’s agriculture products include rice, sugar beets, vegetables, fruit, pork, poultry, dairy products, eggs and fish (1). Its industries include motor vehicles, electronic equipment, machine tools, steel and nonferrous metals, ships, chemicals, textiles, processed foods (1).
Japan’s top exports commodities include vehicles, machinery including computers, electrical machinery equipment, optical, technical, medical apparatus, iron, steel, plastics, plastic articles, organic chemicals, mineral fuels including oil, ships, boats, gems, and precious metals (10).
Japan’s mains ports and terminals are Chiba, Kawasaki, Kiire, Kisarazu, Kobe, Mizushima, Nagoya, Osaka, Tokyo and Yohohama (2).
Japan was the United States' 4rd largest goods trading partner with $204.2 billion in total goods trade during 2017 (9). In 2017, United-States was Japan’s main export and import partner (8). Florida’s top exports to Japan: Mineral or Chemical Fertilizers, Optical Fibers and Optical Fiber Bundles, Optical Fiber Cables, Civilian Aircraft, Engines, and Parts, Polyamides in Primary Forms, Chemical Wood pulp, Dissolving Grades, Chemical wood pulp and Citrus Fruit. Florida’s top imports from Japan: Motor Cars and Vehicles for Transporting Persons, Turbojets, Turbo propellers and other Gas Turbines, Transmission Apparatus for Radiotelephony, Motor Vehicles for Transport of Goods (5).
The U.S.-Japan Economic Harmonization Initiative was launched in November 2010, it is a new bilateral Initiative that aims to contribute to both countries’ economic growth by promoting cooperation to harmonize approaches that facilitate trade, address business climate and individual issues, and advance coordination on regional issues of common interest (4).
United States’ goods and private services trade with Japan in 2018: $217,654.3 billion (11)
United States’ goods and services import from Japan in 2018: $142,425.1 billion (11)
United States’ goods and services export to Japan in 2018: $75,229.2 billion (11)
The United States’ trade deficit with Japan in 2018 was $97,195,9 (11)
Japan owns 40 companies in Tampa Bay (7)