Japan-EU – international trade in goods statistics


Data extracted in March 2019.

Planned article update March 2020.

Highlights
Japan was the 4th largest exporter and the 4th largest importer in the world in 2017.
In 2018, Japan (3 %) was the 6th largest partner for EU exports of goods and the 7th largest partner for EU imports of goods (4 %).
Among EU Member States, Germany was both the largest importer of goods from and the largest exporter of goods to Japan.

Imports, exports and balance for trade in goods between the EU and Japan, 2008-2018

This article provides a picture of the international trade in goods between the European Union (EU) and Japan. It analyses the type of goods exchanged between the two economies and the shares of each EU Member State in those exchanges.

This article is part of an online publication providing recent statistics on international trade in goods, covering information on the EU's main partners, main products traded, specific characteristics of trade as well as background information.

Full article

EU and Japan in world trade in goods

Figure 1 shows the world largest traders. Japan (EUR 618 billion, 5 %) was the fourth largest exporter in the world, preceded by China (EUR 2 004 billion, 16 %), the EU (EUR 1 879 billion, 15 %) and the United States (EUR 1 368 billion, 11 %) and followed by South Korea (EUR 508 billion, 4 %). Japan (EUR 594 billion, 5 %) also was the fourth largest importer in the world, preceded by the United States (EUR 2 131 billion, 17 %), the EU (EUR 1 857 billion, 15 %) and China (EUR 1 632 billion, 13 %) and followed by Hong Kong (EUR 522 billion, 4 %).

Figure 1: The position of Japan among the world's largest traders of goods, 2017
source: Eurostat (ext_lt_introle)


Figure 2 shows the imports and exports of the EU and Japan indexed at 100 in 2007 for the period to 2017. It also shows the cover ratio (exports / imports) for this period. Exports from the EU were lowest in 2009 (89) and highest in 2017 (152). Imports to the EU were lowest in 2009 (85) and highest in 2017 (128). The cover ratio for the EU was lowest in 2008 (83 %) and highest in 2015 (104 %) and was 101 % in 2017. Exports from Japan were lowest in 2009 (80) and highest in 2012 (119) and was 119 in 2017. Imports to Japan were lowest in 2009 (87) and highest in 2012 (152) and was 131 in 2017. The cover ratio for Japan was lowest in 2014 (85 %) and highest in 2010 (111 %) and was 104 % in 2017.

Figure 2: Trade in goods of the EU-28 and Japan (2007 = 100) and cover ratio (%), 2007 to 2017
source: Eurostat (ext_lt_introle)


Growing exports to but falling imports from Japan

Figure 3 shows the position of Japan among the largest trade partners of the EU. The four largest export partners of the EU were the United States (21 %), China (11 %), Switzerland (8 %) and Russia (4 %). The four largest import partners of the EU were China (20 %), the United States (13 %), Russia (8 %) and Switzerland (6 %). Figure 3b has some more details. It shows that Japan (EUR 65 billion, 3.3 %) was the sixth largest export partner of the EU, between Turkey (EUR 77 billion, 4.0 %) and Norway (EUR 54 billion, 2.8 %). In imports Japan (EUR 70 billion, 3.6 %) was the seventh largest partner of the EU, between Turkey (EUR 76 billion, 3.8 %) and South Korea (EUR 51 billion, 2.6 %).


Figure 3a: The position of Japan among the EU-28's main partners for trade in goods, 2018
source: Eurostat (ext_lt_maineu)

Figure 3b: Top 20 import and export partners for trade of goods of the EU with a focus on Japan, 2018 (EUR billion)
source: Eurostat (ext_lt_maineu)

Figure 4 shows exports, imports and trade balance between the EU and Japan. In 2008 the EU had a trade deficit with Japan of EUR 34 billion. This remained a deficit throughout the whole period, reaching EUR 6 billion in 2018. EU exports to Japan were highest in 2018 (EUR 65 billion) and lowest in 2009 (EUR 36 billion). EU imports from Japan were highest in 2008 (EUR 76 billion) and lowest in 2014 (EUR 57 billion).

Figure 4: Imports, exports and balance for trade in goods between the EU-28 and Japan, 2008-2018 (EUR billion)
source: Eurostat (ext_lt_maineu)


EU-Japan trade by type of goods

Figure 5 shows the breakdown of EU trade with Japan by SITC groups. The red colours denote the primary products: food & drink, raw materials and energy, while the blue colours show the manufactured goods: chemicals, machinery & vehicles and other manufactured goods. Finally, other goods are shown in green. In 2018, EU exports of manufactured goods (84 %) had a higher share than primary goods (13 %). The most exported manufactured goods were machinery & vehicles (39 %), followed by chemicals (23 %) and other manufactured products (22 %). In 2018, EU imports of manufactured goods (96 %) also had a higher share than primary goods (2 %). The most imported manufactured goods were machinery & vehicles (67 %), followed by other manufactured products (19 %) and chemicals (10 %).

Figure 5: EU-28 exports to and imports from Japan by product group, 2008 and 2018 (EUR billion)
source: Eurostat DS-018995


Figure 6 shows the evolution of EU imports and exports by SITC group since 2008. In 2018, the EU had trade surpluses in chemicals (EUR 7.3 billion), food & drink (EUR 5.9 billion), other products (EUR 1.3 billion), raw materials (EUR 0.9 billion) and other manufactured products (EUR 0.8 billion). The EU had trade deficits in energy (EUR 0.2 billion) and machinery & vehicles (EUR 21.8 billion).

Figure 6: EU-28 trade with Japan by product group, 2008-2018 (EUR billion)
source: Eurostat DS-018995


EU-Japan most traded goods

Another interesting way to look at the data is to investigate the cover ratio (exports / imports) of traded goods, showing the direction of the trade flows between the two economies. These ratios can be found in the right-hand margin of Figure 7. Nine products have ratios below 50, indicating EU imports from Japan are at least twice a large as EU exports to Japan. Three products have ratios above 200, indicating EU exports to Japan are at least twice as large as EU imports from Japan. Eight products have ratios between 50 and 200, showing more balanced trade.

Figure 7: Most traded goods between EU-28 and Japan, top 20 of SITC level 3 products, 2018 (EUR billion)
source: Eurostat DS-018995


Trade with Japan by Member State

Figure 8a shows the EU imports from Japan by Member State. The three largest importers from Japan in the EU were Germany (EUR 16 721 million), the United Kingdom (EUR 10 492 million) and the Netherlands (EUR 10 207 million). Luxembourg (17 %) held the highest share for Japan in its total extra-EU imports.

Figure 8a: EU-28 imports of goods from Japan by Member State, 2018
source: Eurostat DS-018995


Figure 8b shows the EU exports to Japan by Member State. The three largest exporters to Japan in the EU were Germany (EUR 20 820 million), the United Kingdom (EUR 7 055 million) and France (EUR 6 673 million). Malta (14 %) held the highest share for Japan in its total extra-EU exports.

Figure 8b: EU-28 exports of goods to Japan by Member State, 2018
source: Eurostat DS-018995


Figure 8c shows the trade balance between the EU Member States and Japan. Fourteen Member States had a trade surplus with Japan. The largest was held by Germany (EUR 4 099 million), followed by Italy (EUR 2 716 million) and Ireland (EUR 2 504 million). Fourteen Member States had a trade deficit with Japan. The largest was held by Belgium (EUR 6 069 million), followed by the Netherlands (EUR 5 934 million) and the United Kingdom (EUR 3 437 million).

Figure 8c: EU-28 trade balance of goods with Japan by Member State, 2018 (EUR million)
source: Eurostat DS-018995



Data sources

EU data is taken from Eurostat's COMEXT database. COMEXT is the reference database for international trade in goods. It provides access not only to both recent and historical data from the EU Member States but also to statistics of a significant number of third countries. International trade aggregated and detailed statistics disseminated via the Eurostat website are compiled from COMEXT data according to a monthly process.

Data are collected by the competent national authorities of the Member States and compiled according to a harmonised methodology established by EU regulations before transmission to Eurostat. For extra-EU trade, the statistical information is mainly provided by the traders on the basis of customs declarations.

EU data are compiled according to Community guidelines and may, therefore, differ from national data published by the Member States. Statistics on extra-EU trade are calculated as the sum of trade of each of the 28 EU Member States with countries outside the EU. In other words, the EU is considered as a single trading entity and trade flows are measured into and out of the area, but not within it.

Data for the other major traders are taken from the Comtrade database of the United Nations. Data availability differs among countries, therefore Figure 1 shows the latest common available year for all the main traders. For the calculation of shares world trade is defined as the sum of EU trade with non-EU countries (source: Eurostat) plus the international trade of non-EU countries (source: IMF Dots database).

Methodology

According to EU concepts and definitions, extra-EU trade statistics (trade between EU Member States and non-EU countries) do not record exchanges involving goods in transit, placed in a customs warehouse or given temporary admission (for trade fairs, temporary exhibitions, tests, etc.). This is known as 'special trade’. The partner is the country of final destination of the goods for exports and the country of origin for imports.

Product classification

Information on commodities exported and imported is presented according to the Standard international trade classification (SITC). A full description is available from Eurostat’s classification server RAMON.

Unit of measure

Trade values are expressed in millions or billions (109) of euros. They correspond to the statistical value, i.e. to the amount which would be invoiced in case of sale or purchase at the national border of the reporting country. It is called a FOB value (free on board) for exports and a CIF value (cost, insurance, freight) for imports.

Context

Trade is an important indicator of Europe’s prosperity and place in the world. The bloc is deeply integrated into global markets both for the products it sources and the exports it sells. The EU trade policy is an important element of the external dimension of the 'Europe 2020 strategy for smart, sustainable and inclusive growth’ and is one of the main pillars of the EU’s relations with the rest of the world.

Because the 28 EU Member States share a single market and a single external border, they also have a single trade policy. EU Member States speak and negotiate collectively, both in the World Trade Organization, where the rules of international trade are agreed and enforced, and with individual trading partners. This common policy enables them to speak with one voice in trade negotiations, maximising their impact in such negotiations. This is even more important in a globalised world in which economies tend to cluster together in regional groups.

The openness of the EU’s trade regime has meant that the EU is the biggest player on the global trading scene and remains a good region to do business with. Thanks to the ease of modern transport and communications, it is now easier to produce, buy and sell goods around the world which gives European companies of every size the potential to trade outside Europe.

Direct access to
Other articles
Tables
Database
Dedicated section
Publications
Methodology
Legislation
Visualisations
External links





Main tables

International trade in goods - long-term indicators (t_ext_go_lti)
International trade in goods - short-term indicators (t_ext_go_sti)

Database

International trade in goods - aggregated data (ext_go_agg)
International trade in goods - long-term indicators (ext_go_lti)
International trade in goods - short-term indicators (ext_go_sti)
International trade in goods - detailed data (detail)
EU trade since 1988 by SITC (DS-018995)

Dedicated section