The country exports steel to more than 190 countries and territories, with China, Thailand, South Korea, and India counting among its largest export partners for iron and steel. Japan is the second-largest iron and steel exporter after China, who dominates the $434 billion global market with a share of 11%. Japan does not feature under the top 20 exporters. The world’s top copper ore export markets are Chile ($18.6 billion), Peru ($13 billion), Australia ($4.56 billion), Indonesia ($4.24 billion), and Canada ($2.8 billion). China takes the lead by importing almost half (49.4%) of all copper ore. Japan is the second-largest importer of copper ore in the world, accounting for 14.3% of global copper ore imports. Japan is the seventh-largest global exporter of silver with a market share of 6.6%, compared to Mexico, who is the largest silver exporting country with a 9.89% market share.įrom 2017 to 2018, the United Kingdom ($652 million) and China ($381 million) had the fastest-growing silver export markets. Global refined petroleum exports are in excess of $504 billion each year and Japan ranks as the 21st biggest exporter.įorecasts predict Japan’s overall refining capacity will increase by 5% over the next five years. Switzerland leads by some margin with 20.9% of the market share worth $305 billion. Japan is ranked #11 and accounts for 2.39% of world gold exports. Singapore is the biggest gold export destination for Japan with 24% of its output (worth $7.29 billion annually) heading there. ![]() During the same period, the GDP per capita declined by -0.13%.Īccording to the Economic Complexity Index (ECI), Japan has the #1 most complex economy in the world. In the 10 years preceding 2018, Japan’s GDP showed a negative growth of -1.32%. ![]() The GDP of Japan was $4.97 trillion in 2018, with a GDP per capita of $39,290.
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