Japan-India Bilateral Trade Analysis 2023
Complete trade statistics: $23.54B total volume •Japan surplus: $12.66B
Japan → India
$18.10B
Exports (2023)
India → Japan
$5.44B
Imports (2023)
Trade Balance
$12.66B
Surplus for Japan
Total Trade
$23.54B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Japan and India. 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-India commercial relationship and competitive positioning in global markets.
Japan → India Exports
Export Market Intelligence
🎯 Strategic Export Focus
Japan's export portfolio to India demonstrates strong diversification across multiple sectors, with copper: refined, unwrought, cathodes and sections of cathodes representing a key competitive advantage in this bilateral market.
India → Japan Imports
Import Dependency Profile
📦 Import Strategy Analysis
Japan's import pattern from India reveals significant dependencyin diamonds: non-industrial, (other than unworked or simply sawn, cleaved or bruted), but not mounted or set, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Japan demonstrates competitive strength in exportingcopper: refined, unwrought, cathodes and sections of cathodes to India, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $23.54B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Japan-India Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $23.54 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Japan maintains a surplus of $12.66 billion
- Export Focus: Japan's primary exports include copper: refined, unwrought, cathodes and sections of cathodes, inorganic or organic compounds of precious metals, n.e.c.: amalgams, vehicle parts: gear boxes and parts thereof
- Import Dependencies: Key imports from India include diamonds: non-industrial, (other than unworked or simply sawn, cleaved or bruted), but not mounted or set, crustaceans: frozen, shrimps and prawns, excluding cold-water varieties, in shell or not, smoked, cooked or not before or during smoking: in shell, cooked by steaming or by boiling in water, aluminium: unwrought, (not alloyed)
Strategic Trade Indicators
📈 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 $23.54B 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 copper: refined, unwrought, cathodes and sections of cathodes.
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
Comparative Advantage
Japan's specialization in copper: refined, unwrought, cathodes and sections of cathodescomplements India's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in diamonds: non-industrial, (other than unworked or simply sawn, cleaved or bruted), but not mounted or set.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $23.54B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $23.54B 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 $23.54 billion bilateral trade volume represents a significant economic factorfor both economies.
Industrial Integration
Trade flows in copper: refined, unwrought, cathodes and sections of cathodes and diamonds: non-industrial, (other than unworked or simply sawn, cleaved or bruted), but not mounted or set demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Japan's trade surplus of $12.66 billion strengthens its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯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 India represents a total trade volume of $23.54 billion in 2023. This partnership demonstrates a favorable trade balance for Japan, with exports exceeding importsby $12.66 billion.
Export Strengths
Japan's exports to India total $18.10 billion, with competitive advantages in copper: refined, unwrought, cathodes and sections of cathodes, representing $1.83B or10.1% of bilateral exports.
Import Dependencies
Imports from India amount to $5.44 billion, highlighting economic interdependence in diamonds: non-industrial, (other than unworked or simply sawn, cleaved or bruted), but not mounted or set, with Diamonds: non-industrial, (other than unworked or simply sawn, cleaved or bruted), but not mounted or set comprising5.4% 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 India in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023