On November 17, 2021, the United States and Japan announced the formation of the U.S.-Japan Partnership on Trade. For additional information click here.
On November 17, 2021, the United States, Japan, and the European Union agreed to renew their trilateral partnership to address the global challenges posed by non-market policies and practices of third countries. For additional information click here.
For information on the U.S.-Japan Trade Agreement negotiations, click here.
Japan Trade & Investment Summary
U.S. goods trade with Japan totaled an estimated $227.9 billion in 2024. U.S. goods exports to Japan in 2024 were $79.7 billion, up 5.4 percent ($4.1 billion) from 2023. U.S. goods imports from Japan totaled $148.2 billion in 2024, up 0.7 percent ($971 million) from 2023. The U.S. goods trade deficit with Japan was $68.5 billion in 2024, a 4.3 percent decrease ($3.1 billion) over 2023.
