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Japan-China, Hong Kong SAR Bilateral Trade Analysis 2023

Complete trade statistics: $31.93B total volume •Japan surplus: $26.95B

Japan → China, Hong Kong SAR

$29.44B

Exports (2023)

China, Hong Kong SAR → Japan

$2.49B

Imports (2023)

Trade Balance

$26.95B

Surplus for Japan

Total Trade

$31.93B

Combined Volume

Trade Flow Visualization

Direct trade relationship between Japan and China, Hong Kong SAR. Green line shows exports from Japan, red line shows imports.

Detailed Product Trade Analysis

Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Japan-China, Hong Kong SAR commercial relationship and competitive positioning in global markets.

Japan → China, Hong Kong SAR Exports

$29.44B
2023 Total

Export Market Intelligence

Product Diversity:
Highly Diversified
Market Share:
19.0% top product
1Metals: gold, non-monetary, unwrought (but not powder)
$5.59B
19.0% of exports
2Electronic integrated circuits: n.e.c. in heading no. 8542
$3.90B
13.3% of exports
3Telephones for cellular networks or for other wireless networks
$1.42B
4.8% of exports
4Jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof
$1.13B
3.8% of exports
5Electrical capacitors: fixed, ceramic dielectric, multilayer
$816.65M
2.8% of exports
6Turbo-jets: of a thrust exceeding 25kN
$596.45M
2.0% of exports
7Electrical apparatus: n.e.c. in heading no. 8536, for switching or protecting electrical circuits, for a voltage not exceeding 1000 volts
$558.47M
1.9% of exports
8Electronic integrated circuits: memories
$465.45M
1.6% of exports
9Printing machinery: parts and accessories, n.e.c. in item no. 8443.91
$432.22M
1.5% of exports
10Cosmetic and toilet preparations: n.e.c. in heading no. 3304, for the care of the skin (excluding medicaments, including sunscreen or sun tan preparations)
$427.93M
1.5% of exports

🎯 Strategic Export Focus

Japan's export portfolio to China, Hong Kong SAR demonstrates strong diversification across multiple sectors, with metals: gold, non-monetary, unwrought (but not powder) representing a key competitive advantage in this bilateral market.

China, Hong Kong SAR → Japan Imports

$2.49B
2023 Total

Import Dependency Profile

Supply Diversity:
Well Diversified
Critical Imports:
19.2% concentration
1Turbo-jets: of a thrust exceeding 25kN
$477.60M
19.2% of imports
2Fish: live, eels (Anguilla spp.)
$155.29M
6.2% of imports
3Wrist-watches: (not electrically operated), automatic winding, whether or not incorporating a stop-watch facility, case of precious metal or of metal clad with precious metal
$88.61M
3.6% of imports
4Wrist-watches: electrically operated, with or without a stop-watch, (other than those of heading no. 9101) with mechanical display only
$80.13M
3.2% of imports
5Clock or watch parts: springs, including hairsprings
$76.08M
3.1% of imports
6Sunglasses: corrective, protective or other
$71.99M
2.9% of imports
7Wrist-watches: whether or not incorporating a stop-watch facility, with automatic winding
$69.75M
2.8% of imports
8Waste and scrap of precious metals: of gold, including metal clad with gold but excluding sweepings containing other precious metals
$68.01M
2.7% of imports
9Metals: iridium, osmium, ruthenium, unwrought or in powder form
$59.58M
2.4% of imports
10Metals: palladium, unwrought or in powder form
$54.98M
2.2% of imports

📦 Import Strategy Analysis

Japan's import pattern from China, Hong Kong SAR reveals significant dependencyin turbo-jets: of a thrust exceeding 25kn, highlighting complementary economic structures and potential supply chain optimization opportunities.

Competitive Trade Position Analysis

🏆

Market Leadership

Japan demonstrates competitive strength in exportingmetals: gold, non-monetary, unwrought (but not powder) to China, Hong Kong SAR, leveraging comparative advantages.

Export Leader in 20+ Categories
🔄

Trade Complementarity

The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.

Specialized Exchange
📈

Growth Potential

The $31.93B trade volume indicates substantial economic integration with room for expansion in emerging sectors.

Major Partnership

Executive Summary: Japan-China, Hong Kong SAR Trade Relationship

Key Trade Highlights 2023

  • Total Trade Volume: $31.93 billionrepresenting a significant bilateral economic relationship
  • Trade Balance: Japan maintains a surplus of $26.95 billion
  • Export Focus: Japan's primary exports include metals: gold, non-monetary, unwrought (but not powder), electronic integrated circuits: n.e.c. in heading no. 8542, telephones for cellular networks or for other wireless networks
  • Import Dependencies: Key imports from China, Hong Kong SAR include turbo-jets: of a thrust exceeding 25kn, fish: live, eels (anguilla spp.), wrist-watches: (not electrically operated), automatic winding, whether or not incorporating a stop-watch facility, case of precious metal or of metal clad with precious metal

Strategic Trade Indicators

Trade IntensityHigh
Export DiversificationDiversified
Trade Balance HealthImbalanced

📈 Market Position: This bilateral trade relationship represents a significant global trade partnerships, with complementary economic strengths driving sustained commercial exchange.

Historical Trade Analysis & Economic Context

Trade Evolution Timeline

2019-2023: Recent Trends

Current trade volume of $31.93B represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.

2015-2019: Growth Period

Sustained expansion in bilateral trade driven by complementary economic structures, with Japan leveraging its comparative advantages in metals: gold, non-monetary, unwrought (but not powder).

2010-2015: Foundation Building

Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.

Pre-2010: Early Development

Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.

Key Economic Drivers

1

Comparative Advantage

Japan's specialization in metals: gold, non-monetary, unwrought (but not powder)complements China, Hong Kong SAR's demand patterns, creating natural trade synergies.

2

Supply Chain Integration

Deep integration in global value chains has strengthened bilateral linkages, particularly in turbo-jets: of a thrust exceeding 25kn.

3

Market Access & Trade Policy

Favorable trade agreements and market access conditions have facilitated the growth of this $31.93B bilateral relationship.

Trade Pattern Insights

Trade ComplementarityAsymmetric
Seasonal VariationsModerate
Product ConcentrationLow
Market DependencyHigh
🔮

Trade Relationship Outlook

The $31.93B bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.

Economic Impact & Strategic Outlook

Economic Impact Assessment

💰

Trade Volume Impact

The $31.93 billion bilateral trade volume represents a significant economic factorfor both economies.

Economic Significance: High
🏭

Industrial Integration

Trade flows in metals: gold, non-monetary, unwrought (but not powder) and turbo-jets: of a thrust exceeding 25kn demonstrate deep industrial linkages and supply chain integration.

Supply Chain Integration: Diversified
⚖️

Trade Balance Effects

Japan's trade surplus of $26.95 billion strengthens its overall economic position in this bilateral relationship.

Balance Impact: Export Advantage

Strategic Future Outlook

🚀Growth Opportunities

Emerging Sectors
Technology transfer and innovation cooperation in electronic integrated circuits: n.e.c. in heading no. 8542 present expansion opportunities.
Market Diversification
Beyond current focus on turbo-jets: of a thrust exceeding 25kn, new product categories offer potential for trade expansion.

⚠️Risk Factors

Supply Chain Vulnerabilities
High trade imbalance may create supply chain risks
Market Competition
Global competition in metals: gold, non-monetary, unwrought (but not powder) may affect future market positioning.

🎯Strategic Recommendations

  • Strengthen cooperation in high-value sectors beyond current trade patterns
  • Develop alternative supply chains to reduce dependency risks
  • Explore joint ventures in emerging technology sectors
  • Enhance trade facilitation and reduce transaction costs

Market Position & Competitive Summary

The bilateral trade relationship between Japan and China, Hong Kong SAR represents a total trade volume of $31.93 billion in 2023. This partnership demonstrates a favorable trade balance for Japan, with exports exceeding importsby $26.95 billion.

Export Strengths

Japan's exports to China, Hong Kong SAR total $29.44 billion, with competitive advantages in metals: gold, non-monetary, unwrought (but not powder), representing $5.59B or19.0% of bilateral exports.

Import Dependencies

Imports from China, Hong Kong SAR amount to $2.49 billion, highlighting economic interdependence in turbo-jets: of a thrust exceeding 25kn, with Turbo-jets: of a thrust exceeding 25kN comprising19.2% of total imports.

The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Japan's competitive position in this bilateral relationship. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.

Download Bilateral Trade Data

Access detailed trade data between Japan and China, Hong Kong SAR in multiple formats.

Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023