Does the US have a trade deal with Japan?
On October 7, 2019, after six months of formal negotiations, the United States and Japan signed two agreements to liberalize bilateral trade. The U.S.-Japan Trade Agreement (USJTA) provides for limited tariff reductions and quota expansions to improve market access.
What does the US get from Japan?
U.S. imports from Japan account for 5.1 percent of overall U.S. imports in 2020. The top import categories (2-digit HS) in 2020 were: vehicles ($40 billion), machinery ($27 billion), electrical machinery ($16 billion), optical and medical instruments ($6.0 billion), and pharmaceuticals ($4.9 billion).
What does Japan exports the most?
Searchable List of Japan’s Most Valuable Export Products
| Rank | Japan’s Export Product | 2020 Value (US$) |
|---|---|---|
| 1 | Cars | $81,030,989,000 |
| 2 | Integrated circuits/microassemblies | $28,890,612,000 |
| 3 | Automobile parts/accessories | $27,083,267,000 |
| 4 | Machinery for making semi-conductors | $23,616,429,000 |
Does Japan import or export more?
Japan is a significant export economy and exports in excess of $700 billion of goods annually, making it the fourth-largest export economy in the world. The country enjoys a positive trade balance of $59.2 billion, with total annual exports of $713 billion exceeding imports of $653 billion.
What imports does the US get from China?
China is the leading supplier for every import category for the United States. Its top three import product categories are the same for the U.S. overall: Machinery & Electrical, followed by Miscellaneous, then Textiles.
What are the top 5 imports of Germany?
Germany’s Top Imports
- Crude petroleum – $32.4 billion.
- Refined petroleum – $24.4 billion.
- Petroleum gas – $14.6 billion.
- Cheese – $4.38 billion.
- Coal briquettes – $3.68 billion.