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This report provides an overview of trade relations between the EU and Japan in 2022. The report begins by analysing Japanese trade with the EU as a whole and then provides a country-by-country analysis of export trade between Japan and individual EU Member States. The report focuses primarily
- Trade Picture
- The EU and Japan
- Committees and Dialogues
- Trading with Japan
Japan is the EU’s second-biggest trading partner in Asia after China. At the same time, Japan is the seventh largest partner for EU exports and imports of goods.Together, the EU and Japan account for about a quarter of the world's GDP.The traditional trade relationship between the EU and Japan used to be characterised by big trade surpluses in favour of Japan. From 2009-2019, trade figures became more balanced, as the EU’s trade in goods deficit with Japan decreased from €18 billion in 2009 to reach the surplus of €82 million in 2021. Both exports to and imports from Japan incre...
The EU and Japan meet regularly to discuss issues and best practices and oversee the proper functioning of the Agreement. The European Commission will publish the agendas (when available) of the committees set up by the EU-Japan EPA, as well as reports and other documents in order to inform about the different steps of the EPA implementation proces...
Trade relations are part of the EU's overall political and economic relations with JapanJapan is a member of the World Trade OrganizationEU-Japan Economic Partnership Agreement. On 1 February 2019, the ambitious EU-Japan EPA came into force, covering close to 30% of global GDP and a population of 600 million people. Over the last five years, the EPA has led to substantial growth, helping to diversify and secure supply chains and promote sustainability.
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3. Show the world that the EU and Japan reject protectionism. At a time when protectionist pressures are growing, the trade agreement between the EU and Japan sends a clear signal that two of the world's largest economies: reject protectionism; are open for business and for trade on the basis of fair rules and high standards. Top of page
Jan 27, 2024 · Agri-food trade +34% between 2018 and 2022. Trade figures. Total trade (2022): €141 billion in goods. The EU is Japan's 3rd most important trading partner (almost 10% of all trade in goods). Japan is the EU's 8th most important trading partner. Top goods for imports and exports: machinery and motor vehicles; chemicals and related products ...
The EU and Japan together account for just under a third of the world's GDP. Japan is the EU’s second biggest trading partner in Asia and the EU is Japan's third largest trading partner worldwide. As of February 2019, thanks to the EU and Japan Economic Partnership Agreement, Japan applies no customs duties on 91% of its imports from the EU.
Japan is the sixth largest export market for the EU, and the EU is the third largest destination for Japanese goods and services, after China and the United States. However, Japan has gradually been losing its position as one of the top destinations for EU exports. Japan's share of total EU exports fell from 5.7% in 2006 to 4.3% in 2010.
