Germany: main EU trading partner of Japan
Among the EU28 Member States, Germany (8.0 bn euro or 31% of EU exports) was by far the largest exporter to Japan in the first six months of 2013, followed by France (3.4 bn or 13%), Italy (3.0 bn or 11%) and the United Kingdom (2.6 bn or 10%). Germany (7.3 bn or 26% of EU imports) was also the largest importer, followed by the Netherlands2 (5.1 bn or 18%) and the United Kingdom (4.2 bn or 15%). The largest trade deficits with Japan in the first half of 2013 were recorded by the Netherlands (-3.5 bn) and the United Kingdom (-1.6 bn), and the largest surpluses by Italy (+1.6 bn) and France (+1.0 bn).
EU27 surplus in trade in services with Japan almost doubled between 2010 and 2012
In 2012, the EU27 exported 24.2 bn euro of services to Japan, while imports from Japan amounted to 15.6 bn, meaning that the EU27 had a surplus of 8.6 bn in trade in services with Japan, compared with a surplus of 5.9 bn in 2011 and 4.6 bn in 2010. The surplus in 2012 was mainly due to computer & information services (+2.6 bn), financial services (+2.1 bn) and travel (+1.5 bn). Japan accounted for just over 3% of total extra-EU27 trade in services.
Significant volatility in direct investments flows between the EU27 and Japan
Foreign Direct Investment (FDI) flows between the EU27 and Japan show large variations. In 2012, the EU27 invested 0.4 bn euro in Japan, down from 3.1 bn in 2011. Japanese investment in the EU27 also fell in 2012, to 3.4 bn compared with 10.4 bn in 2011.