Japan’s National Economy:
|
GDP (trillion USD$): 5,1 (2021)
|
Inflation Rate (%): 0,5
|
|
Real GDP Growth Rate (%): 2,4 (2021)
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Rate of Unemployment (%): 2,8
|
|
Population (million):125,37 (2020)
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Export (USD$): 640 (2020)
|
|
Population increase (%): -0,34 (2020)
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Import (USD$): 634 (2020)
|
|
GDP per capita (USD$): 40.700 (2021)
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Turkish firms in Japan: 4
|
|
Source: IMF, TÜİK, World Bank
|
|
Major Trade Partners: China, USA, South Korea, Australia, Thailand
Major Export Items: Motor vehicles, iron and steel, semiconductors, auto parts, energy-producing goods, plastic goods
Major Import Items: Petroleum, LNG, textile, semiconductors, coal
Bilateral Commercial and Economic Relations:
(Million USD Dollar)
|
Years
|
2017
|
2018
|
2019
|
2020
|
2021 (January-November)
|
|
Exports
|
412
|
480
|
491
|
434
|
433
|
|
Imports
|
4.282
|
4.125
|
3.520
|
3.585
|
3.953
|
|
Volume
|
4.694
|
4.604
|
4.011
|
4.019
|
4.386
|
|
Balance
|
-3.870
|
-3.645
|
-3.030
|
-3.152
|
-3.520
|
Source: TÜİK
Major Exports to Japan: Textile, apparel, pasta, fishery products, automotive parts.
Major Imports from Japan: Machinery and equipment, chemicals, automotive products, iron and steel.
Japan is the third largest economy following USA and China in the world. Japan attaches particular importance to automotive industry, followed by manufacturing, food and infrastructure.
As of 2021, 257 Japanese companies operate in Türkiye and 4 Turkish companies in Japan. There are also many restaurants and small enterprises run by Turkish citizens in Japan.
Over the last 20 years, the Japanese FDI flow to Türkiye amount to USD 3,28 billion.
Japan International Cooperation Agency (JICA) has provided loans for major projects such as the Marmaray Tunnel, the Halic Bridge, the Second Bosporus Bridge, Hasan Ugurlu Dam, and Altınkaya Dam.
The Turkish and Japanese Trade and Investment Summit was held in Tokyo on 11-13 March 2018. The Turkish-Japanese Business Council’s last meeting was held online on 8 December 2020.