trade between u s and japan

Are you looking for the Trade Between U S And Japan? Read through for u s and japan trade agreement. You will also find the u s japan trade history in the post.

On September 26, 2018, President Trump and Prime Minister Abe announced that the United States and Japan would begin negotiations for a U.S.-Japan Trade Agreement. For further information on the negotiations, click here.

u s and japan trade agreement

Trade Between U S And Japan

Japan-U.S. reach ag trade agreement | National Hog Farmer
image 15

U.S.-Japan Economic Dialogue

On April 18, 2017, Vice President Mike Pence and Deputy Prime Minister Taro Aso met to launch the U.S.-Japan Economic Dialogue.  Click here for further information.

U.S.-Japan Trade Facts

U.S. goods and services trade with Japan totaled an estimated $303.0 billion in 2019. Exports were $123.4 billion; imports were $179.6 billion. The U.S. goods and services trade deficit with Japan was $56.3 billion in 2019.

Japan is currently our 4th largest goods trading partner with $218.3 billion in total (two way) goods trade during 2019. Goods exports totaled $74.7 billion; goods imports totaled $143.6 billion. The U.S. goods trade deficit with Japan was $69.0 billion in 2019.

Trade in services with Japan (exports and imports) totaled an estimated $84.7 billion in 2019. Services exports were $48.7 billion; services imports were $36.0 billion. The U.S. services trade surplus with Japan was $12.7 billion in 2019.

Exports

  • Japan was the United States’ 4th largest goods export market in 2019.
     
  • U.S. goods exports to Japan in 2019 were $74.7 billion, down 0.8% ($576 million) from 2018 but up 46% from 2009.  U.S. exports to Japan account for 4.5% of overall U.S. exports in 2019.
     
  • The top export categories (2-digit HS) in 2019 were: mineral fuels ($9.3 billion), aircraft ($8.8 billion), optical and medical instruments ($7.1 billion), machinery ($7.0 billion), and electrical machinery ($4.6 billion).
     
  • U.S. total exports of agricultural products to Japan totaled $12 billion in 2019, our 4th largest agricultural export market. Leading domestic export categories include: corn ($2.0 billion), beef & beef products ($2.0 billion), pork & pork products ($1.5 billion), soybeans ($965 million), and wheat ($608 million).
     
  • U.S. exports of services to Japan were an estimated $48.7 billion in 2019, 7.7% ($3.5 billion) more than 2018, but 28% greater than 2009 levels.  Leading services exports from the U.S. to Japan were in the travel, transport, and intellectual property (trademarks and computer software) sectors.

Imports

  • Japan was the United States’ 4th largest supplier of goods imports in 2019.
     
  • U.S. goods imports from Japan totaled $143.6 billion in 2019, up 0.9% ($1.2 billion) from 2018, and up 50% from 2009.  U.S. imports from Japan account for 5.7% of overall U.S. imports in 2019.
     
  • The top import categories (2-digit HS) in 2019 were: vehicles ($49 billion), machinery ($34 billion), electrical machinery ($17 billion), optical and medical instruments ($7.0 billion), and pharmaceuticals ($4.3 billion).
     
  • U.S. total imports of agricultural products from Japan totaled $767 million in 2019. Leading categories include: wine and beer ($78 million), snack foods ($70 million), tea, including herbal ($63 million), other vegetable oils ($49 million), and processed fruit & vegetables ($35 million).
     
  • U.S. imports of services from Japan were an estimated $36.0 billion in 2019, 3.6% ($1.3 billion) more than 2018, and 69% greater than 2009 levels.  Leading services imports from Japan to the U.S. were in the intellectual property (industrial processes), transport, and travel sectors.

Trade Balance

  • The U.S. goods trade deficit with Japan was $69.0 billion in 2019, a 2.7% increase ($1.8 billion) over 2018.
     
  • The United States had a services trade surplus of $12.7 billion with Japan in 2019, up 21.4% from 2018.

Investment

  • U.S. foreign direct investment (FDI) in Japan (stock) was $125.5 billion in 2018 (latest data available), a 2.8% decrease from 2017. U.S. direct investment in Japan is led by finance and insurance, manufacturing, and information services.
     
  • Japan’s FDI in the United States (stock) was $484.4 billion in 2018 (latest data available), up 3.3% from 2017. Japan’s direct investment in the U.S. is led by manufacturing, wholesale trade, and finance and insurance.
     
  • Sales of services in Japan by majority U.S.-owned affiliates were $74.6 billion in 2017 (latest data available), while sales of services in the United States by majority Japan-owned firms were $165.1 billion.

u s japan trade history

BEST SITES LIKE ALIEXPRESS FOR ONLINE SHOPPING

AliExpress is a massively popular Chinese online retail service owned by Alibaba Group. It was launched in 2010 and hasn’t stopped its journey to becoming the ‘biggest online marketplace of the world‘ ever-since. AliExpress stands toe-to-toe even with Amazon in terms of buyers worldwide. It offers wholesale goods at direct-to-consumer prices from Chinese sellers.

https://googleads.g.doubleclick.net/pagead/ads?client=ca-pub-2797082318274772&output=html&h=280&slotname=8682476046&adk=2151885909&adf=190697375&pi=t.ma~as.8682476046&w=680&fwrn=4&fwrnh=100&lmt=1626256458&rafmt=1&psa=1&format=680×280&url=https%3A%2F%2Fwww.connectivasystems.com%2Fsites-like-aliexpress%2F&flash=0&fwr=0&fwrattr=true&rpe=1&resp_fmts=3&wgl=1&uach=WyJtYWNPUyIsIjEwXzE0XzYiLCJ4ODYiLCIiLCI5MS4wLjQ0NzIuMTE0IixbXSxudWxsLG51bGwsbnVsbF0.&dt=1626267314091&bpp=3&bdt=3983&idt=2349&shv=r20210708&ptt=9&saldr=aa&abxe=1&cookie=ID%3D57bcbc1386fb4a62%3AT%3D1626254169%3AS%3DALNI_MaG8vfu0DPb9R6XyeofwNC-CV3a6g&prev_fmts=0x0%2C680x280%2C680x280&nras=1&correlator=1074358475295&frm=20&pv=1&ga_vid=1674829253.1626073761&ga_sid=1626267316&ga_hid=1730457438&ga_fc=0&u_tz=60&u_his=1&u_java=0&u_h=900&u_w=1440&u_ah=900&u_aw=1440&u_cd=24&u_nplug=3&u_nmime=4&adx=183&ady=2412&biw=1425&bih=821&scr_x=0&scr_y=1307&eid=31060975%2C31061747&oid=3&pvsid=3855768790097042&pem=24&eae=0&fc=1920&brdim=0%2C0%2C0%2C0%2C1440%2C0%2C1440%2C900%2C1440%2C821&vis=1&rsz=%7C%7CeEbr%7C&abl=CS&pfx=0&fu=128&bc=31&ifi=4&uci=a!4&btvi=1&fsb=1&xpc=ai4TqlRMo9&p=https%3A//www.connectivasystems.com&dtd=2361

It also works as a great dropshipping model for a lot of e-commerce entrepreneurs. Along with a lot of good sides, AliExpress has some cons as well. The biggest problem is the shipping time of AliExpress orders, which is pretty long considering the goods come from China. Also, some orders can be very expensive after shipping charges and taxes.

So, it is a good thing to have some AliExpress alternatives whenever you don’t like its services. That’s why we are telling you about 21 best sites like AliExpress. Some of these websites offer cheaper prices and faster shipping on certain products. And, you can also use them to maintain a nice profit margin for your dropshipping business.

1. LIGHTINTHEBOX

LightInTheBox is the perfect AliExpress alternative as it is also a Chinese e-Store. It sells hot and trending products across the globe. Their products range from phone and electronics to fashion, jewelry, shoes, bags, and many other items. You can find almost anything here at a very cheap price.

The delivery time of LightInTheBox is also similar to AliExpress as their warehouses are located only in China. But, you may get a faster shipping time due to having fewer orders to ship. You can pay for your orders with PayPal, Western Union, or your credit card.

2. WISH

Wish is a widely popular online marketplace where you can buy almost anything. From clothing to footwear, electronics, healthcare items, and many more things, you can get them all for an incredibly cheap price. They are also known to offer great deals and coupons to their new customers.

Their shipping time is also faster than AliExpress as their products come from sellers located in small countries. Wish also provides an advanced rating system that is very helpful for both the consumers as well as sellers. It helps promote good ones.

3. OVERSTOCK

Overstock is a US-based online marketplace. It makes profit by selling wholesale products at a highly cheap price tag. A major portion of their stock is comprised of overstock from the major retailers or their seconds. You can find some really amusing deals here. The shipping time will also be lower as compared to the Chinese marketplaces. You can get your items within a week.

The product range of Overstock is incredible. You can find everything such as clothing, decor, kitchen appliances, and many more items. You can even find furniture and other big home items. So, you can use to fill your house with great stuff at a reduced price.

4. DEALEXTREME (DX)

DealeXtreme, more popularly known as DX, is an amazing online marketplace. The website works in a very similar manner as ‘Wish’ and sells cheap products coming directly from sellers. It has partnered with many small businesses and sells its products to a wide base of audience.

https://googleads.g.doubleclick.net/pagead/ads?client=ca-pub-2797082318274772&output=html&h=15&slotname=5321815537&adk=18772050&adf=3832034116&pi=t.ma~as.5321815537&w=468&lmt=1626256458&psa=1&url=https%3A%2F%2Fwww.connectivasystems.com%2Fsites-like-aliexpress%2F&flash=0&wgl=1&adsid=ChAI8Ja6hwYQpcWW1ZzwydE0Ej0Aq7uOvHneD4kmNiLB9_pnb_nQTXewTXzEafDP2jmj9W8FR5KNmKH7jmr1zSbEuVfe2VQ25p_mmPfmqp6C&uach=WyJtYWNPUyIsIjEwXzE0XzYiLCJ4ODYiLCIiLCI5MS4wLjQ0NzIuMTE0IixbXSxudWxsLG51bGwsbnVsbF0.&dt=1626267314094&bpp=1&bdt=3986&idt=2466&shv=r20210708&ptt=9&saldr=aa&abxe=1&cookie=ID%3D57bcbc1386fb4a62-229efec96cc90075%3AT%3D1626267315%3ART%3D1626267315%3AS%3DALNI_MbV8W5cBlhSRGT1PVyvE-EF3J-4FQ&prev_fmts=0x0%2C680x280%2C680x280%2C680x280&nras=1&correlator=1074358475295&frm=20&pv=1&ga_vid=1674829253.1626073761&ga_sid=1626267316&ga_hid=1730457438&ga_fc=0&u_tz=60&u_his=1&u_java=0&u_h=900&u_w=1440&u_ah=900&u_aw=1440&u_cd=24&u_nplug=3&u_nmime=4&adx=289&ady=5972&biw=1425&bih=821&scr_x=0&scr_y=2759&eid=31060975%2C31061747&oid=3&psts=AGkb-H95J1UL32PNsbplYwPfwosgIF3H4WkrdZ4XO-oNCivkVXRWosN-NIPxX1QiCXN7j6jc1YQzRyxxWgxDrg%2CAGkb-H-x141sn55n7MKUe64ls2IO_MLueR7ds52YmDJwTXwnq0vRvBEZXwjIb3HMpZM4KWQSiYOPkbQ3uHaBGQ%2CAGkb-H9bHu0zas383ZbUZQvoOTITfJcWJsl4hMs_XGIRK-2OQBY9rxrxnRu7qfWGCPVZmD4ZLclwcBZenMw&pvsid=3855768790097042&pem=24&eae=0&fc=1920&brdim=0%2C0%2C0%2C0%2C1440%2C0%2C1440%2C900%2C1440%2C821&vis=1&rsz=%7C%7CeEbr%7C&abl=CS&pfx=0&fu=0&bc=31&jar=2021-07-14-12&ifi=5&uci=a!5&btvi=2&fsb=1&xpc=x6FxDoGgJS&p=https%3A//www.connectivasystems.com&dtd=5076

The shipping time is a problem with DX also because their warehouses are located in China. Apart from this, you can get some really worthy deals on DX. You should always keep an eye on their clearance sales for the best prices.

5. GEARBEST

Gearbest is the perfect AliExpress alternative if you are looking to shop for the latest gadgets or electronic devices. It works with over 5000 Chinese brands and top suppliers to deliver the best products. It has products from top Chinese companies such as Xiaomi, Huawei, Lenovo, and many others. But, it isn’t just an electronic store.

You can also find a massive range of other products as well. The prices available on GearBest are reduced, and you can even reduce them with the available coupons. They also have warehouses in multiple countries. So, you can get faster shipping from the local warehouse.

6. BANGGOOD

BangGood is another Chinese e-commerce platform that provides worldwide shipping of cheap goods. You can find almost anything on this website, from clothing to electronics, and even home items. The prices available are marked down from their original prices. You can also get amazing deals during special clearance sales.

BangGood provides a free $20 coupon to every new user. The shipping time for BangGood orders is faster than AliExpress for certain products. However, the regular shipping time is similar.

7. CHINABRANDS

ChinaBrands is a widely popular Chinese e-Store where you can buy products at wholesale prices. You can find almost anything on this website at a highly affordable price. Their shipping prices are also low but you will get a long shipping time. It is the perfect website for buyers who want the lowest prices but can wait for their orders for at least a month.

Most of the ChinaBrands sellers run their factories from China, and their warehouses are located there only. This is the reason for the considerably long shipping time.

8. BONANZA

Bonanza is a unique American online marketplace where you can find a great range of products. They have over 20 million items from more than 50,000 sellers. It is a growing e-commerce store where even you can sell your items. It is a preferred platform by more than 20,000 entrepreneurial sellers. You can find some really amazing handcrafted items and collectibles here.

For people looking to shop regular items, this store may disappoint you a little. The prices of some items may be a little higher than some Chinese stores. But, the quality provided will be worth it.

21 ALIEXPRESS ALTERNATIVE STORES

Here are 21 AliExpress Alternatives that you can use to shop online.

  1. LightInTheBox
  2. Wish
  3. Overstock
  4. DealXtreme (DX)
  5. GearBest
  6. BangGood
  7. ChinaBrands
  8. Bonanza
  9. DHGate
  10. TinyDeal
  11. Target
  12. MiniInTheBox
  13. GeekBuying
  14. Jet
  15. TomTop
  16. Target
  17. MadeInChina
  18. American Greenwood
  19. Walmart
  20. eBay
  21. Amazon

FINAL TAKE

AliExpress is amazing but it is always good to have options when you are shopping. So, these are the 21 best sites like AliExpress. If you ever feel like you should look somewhere else, these are some stores that you should visit. You can also use these for your dropshipping business if you are an aspiring entrepreneur. Make sure you have a solid plan before beginning.

Leave a Comment