2020 was the year of the pandemic, and every economy suffered. My interest is Japan and the UK, and while many of my peers look at it from a UK perspective, I prefer the Japanese. I keep my findings on a page on LinkedIn, which I update from time to time.
Using data from Japan’s official statistics authority, I’ve looked at how imports and exports with major markets have unfolded over the past 6 years. Then I’ve dug into the UK. Some highlights:
- the UK ended 2020 as the 13th largest export, and 24th largest import market by value. These are both falls in ranking.
- trade with the UK fell by over 20% for both imports and exports.
- the last 3 months of 2020 were flat for exports, with a small increase in imports by volume.
Unrelated, China became Japan’s largest import and export markets.
You view the full findings on my LinkedIn page.