“If China cannot export, It will be difficult for Japan…”

2022-08-22 0 By

Japan’s Cabinet Office: If There is a supply disruption in China that prevents exports, it will be difficult for Japan to find a substitute for many of its goods, which will have a big impact.According to the Nihon Keizai Shimbun on February 4, the Japanese Cabinet Office released a report titled “World Economic Trends” on February 3, which analyzed the trade structure between major countries and China.The results show that Japan relies on a wider variety of goods imported from China than the United States or Germany.If this trade structure continues, Japan will be at risk if supply chains break down.The report looked at the number of goods imported from Japan, the US and Germany.In 2019, China accounted for 23.3 percent, 18.1 percent and 8.5 percent of the imports of these three countries, respectively.According to the report, out of about 5,000 imported categories, if China’s share exceeds 50 per cent, Japan has 1,133, the US 590 and Germany 250.(Xinhua) In addition to China, the United States relies on Canada and Mexico to export a wide range of goods to it.Germany has shown a tendency to diversify its demand for imports across Europe.In addition to mobile phones and laptops, Japan relies on China for a wide range of goods including LED products, game consoles and toys, the report said.China accounted for 85.7 percent of Japan’s mobile phone imports in 2019, a significant increase from 69.1 percent 10 years ago.China accounted for 98.8% of Japan’s notebook and tablet imports in 2019.’If there is a supply disruption in China that makes it impossible to export, it will have a significant impact on Japan’s ability to find substitutes for many of its goods,’ the Cabinet Office said.Source: Reference message