Table 11: Japan's Trade Balance
with Major Trading Partners, 1995-1999

(in millions of dollars; exports f.o.b., imports c.i.f.)

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1995

1996**

1997**

1998**

1999**

Overall Balance

$106,843

$61,901

$82,501

$106,878

$107,800

Developed Countries

49,720

30,496

50,388

77,149

86,663

United States

45,451

32,608

41,488

51,118

61,152

Canada

-5,007

-5,000

-3,690

-1,335

-979

Europe

20,222

12,969

21,050

33,661

31,887

aaa Germany

6,612

4,045

5,590

8,344

7,151

aaa United Kingdom

6,990

5,317

6,525

8,712

8,272

aaa Netherlands

7,737

7,160

7,849

8,997

10,113

aaa France

-629

-879

-137

454

674

aaa Italy

-2,301

-3,380

-2,125

-884

46

aaa Belgium

2,328

1,674

2,156

3,005

3,256

aaa Spain

837

605

803

1,504

1,814

aaa Ireland

85

-194

-102

215

-906

aaa Denmark

-1,017

-896

-902

-611

-1,059

aaa aaa European Union*

21,479

13,639

20,658

32,243

31,606

aaa Switzerland

-1,722

-1,538

-1,310

-824

-1,205

aaa Sweden

-891

-1,362

-926

-354

-524

aaa Finland

231

-13

443

644

570

aaa Norway

-95

90

132

253

-81

aaa Russia

-3,593

-3,043

-2,979

-1,911

-3,282

Australia

-6,464

-6,834

-6,620

-4,971

-4,348

New Zealand

-919

-783

-923

-772

-412

South Africa

-64

-765

-917

-552

-637

Developing Countries

57,123

31,405

32,113

29,729

21,137

Asia

69,874

50,201

51,382

30,341

32,692

aaa Taiwan

14,603

11,014

15,077

15,309

15,980

aaa People's Republic of China

-13,992

-18,573

-20,092

-16,983

-19,471

aaa South Korea

14,021

13,402

11,493

3,264

6,865

aaa Hong Kong

25,036

22,817

25,007

20,800

20,226

aaa Singapore

16,158

13,458

14,378

10,033

10,850

aaa Thailand

9,581

8,065

5,017

1,176

2,428

aaa Malaysia

6,246

3,585

3,144

633

206

aaa Philippines

3,616

3,888

3,676

2,822

3,454

aaa Indonesia

-4,243

-6,143

-4,457

-6,541

-7,707

aaa India

-374

-412

-449

226

174

aaa Vietnam

-795

-880

-906

-421

-333

Western Hemisphere

7,772

6,439

9,628

11,643

9,785

aaa Panama

7,068

5,846

6,605

6,057

6,737

aaa Mexico

2,085

1,767

2,265

2,979

2,742

aaa Brazil

-1,358

-1,538

-811

-294

-628

aaa Chile

-2,273

-1,927

-1,913

-1,482

-1,970

Middle East and North Africa

-21,648

-24,450

-27,596

-13,066

-20,515

aaa Saudi Arabia

-7,013

-7,664

-8,854

-3,187

-4,982

aaa United Arab Emirates

-8,067

-9,220

-9,790

-5,462

-6,266

aaa Kuwait

-2,143

-2,320

-2,771

-1,149

-2,312

aaa Oman

-1,179

-1,302

-1,095

-313

-1,023

aaa Iran

-2,160

-2,568

-2,667

-1,579

-2,558

aaa Qatar

-1,902

-2,213

-2,648

-2,256

-3,222

Sub-Saharan Africa

1,911

639

618

1,933

1,409

*From 1995 on, totals include the figures for new members Austria, Finland and Sweden.

**The Ministry of Finance ceased releasing customs-clearance trade data in dollars after March 1996. Beginning with April 1996, the yen figures are converted into dollars using the average annual rate on the Tokyo foreign exchange market.

Source: Ministry of Finance

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