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Role Of Export in Japan |
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In the world economics, the term export refers to any commodity or good that is transferred from one country to any other country in a legalized manner, mostly for being used in trade. Export has in fact, a very significant role to play in international trade as the exported products and services are offered to the consumers in other countries by the producers of the particular countries. One of the top most countries that have major contributions in the world economy and international export, is Japan.
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In fact, the Role of Export in Japan is immense and far-reaching as the economic in Japan is greatly impacted with the export of a wide range of products and services from Japan.
Export of goods and services from Japan increased a great deal during the 1960s and 1970s, but this rate of growth slackened to some extent in the 1980s. Over these past decades, both the types and popularity of products exported from Japan underwent major changes.
In the present day world, the Role of Export in Japan is given great importance due to the success it enjoys due to some products that it exports. Japan is time and again seen as a nation which is dependent on exports to a huge extent. But Japan exports fewer products than that exported by other leading trade countries according to the percentage of Gross National Product. Japan exported 9.3 % of its Gross National Product in 1991 in comparison to the 14.9% of the Gross National Product that was produced by Italy. 18.2% of the Gross National Product was exported by France that year, 24.8% by Germany, 18.2% by Britain, 22.1% by Canada and 47% by Canada. It is thus apparent that Japan was not very much dependent on international trade than numerous other manufacturing countries in the world. Export dependence was, however, high, in specific industries of Japan.
The improvement of the Role of Export in Japan can be seen in relation to the pull as well as the push factors. The pull was caused due to the rising requirement of the Japanese products with the growth of the foreign markets like that of the United States and the reduction of the limitations of international trade. The competitiveness of the Japanese products in respect of price, was another factor that led to the pull. The export price index of Japan raised by 4% only between the years 1960 and 1970. The push was exerted from the Japanese manufacturers as most of them realized the need for adoption of a universal approach for reaching the most successful production levels. These manufacturers thus focused on the Japanese market till the global levels of competition were reached by them and the Japanese markets were flooded. These manufacturers aggressed forcefully the foreign markets frequently with the help of big trading companies when they gained the capability to compete. The raised levels of export development in Japan were partly due to the push factor during the 1970s. The crude items and light goods that were exported mostly in the 1950s were replaced by the export of heavy industrial products, complicated machineries, complex equipments and consumer goods that needed huge investments of capital and superior technology for production. Demand for iron, steel and automobiles, optical and scientific equipments, office machineries, semiconductors and other electronic parts, grew as items that were exported from Japan during the 1960s.
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