China now accounts for 17.7 per cent of Japan’s total trade, overtaking the United States to become its biggest trading partner.
Exports to China rose to US$109.1 billion in 2007, boosted by strong demand for cars and electronics. Meanwhile, imports from China amounted to US$127.6 billion, leaving the overall trade deficit at US$18.6 billion – a reduction of 27.9 per cent on 2006’s trade deficit figures.
Full story from the IHT: “China overtook US as Japan’s largest trading partner in 2007“
