To understand the Role of Import on Trade and Industrialization in Japan, it is better to know the economy of Japan first. Japan practices free market economy, which is third largest in whole world and ranks just after China and United States. The economy of Japan is not so high productive in areas of distribution, agriculture along with services. Japan has high economic productivity in international trade.
In Japan, about 12% of total land is suitable for agricultural cultivation. So, in small areas farming is done by system of terraces, which is highly suitable for these areas. The main item which japan imports is rice. It has to import about 50% of the total requirement of rice though Japan itself produces a good amount of rice as well as wheat. The other imported crops of Japan are soybeans and sorghums, which is primarily imported from United States. So, the Role of Import on Trade and Industrialization in Japan is quite significant on the country's economy. Japan exports oranges and pears to other countries.
The import commodities of Japan are equipment, machinery, foodstuffs, fuels, textiles, chemicals and also raw materials. The export commodities of Japan are semiconductors, motor vehicles, chemicals and machinery needed for office. Japan is a name in motor vehicles all over the world. Some of the agricultural products, which are produced in abundant in Japan are Sugar beets, rice, poultry, eggs, pork, fish, different type of dairy products along with various fruits and vegetables. Some of these items Japan exports to other countries.
Fishing is also an important occupation in Japan. Coastal fishing is carried out by the people engaged in this profession with the help of nets, boats and different breeding techniques are employed. These amounts to 1/3rd of total industry production. The species of fish available are mackarel, pollock, squids, clams, shrimp, crab, sardines, tuna, saury, salmon, etcetera.
Regarding the role of industry in this country's economy, it can be said that, technological development have been quite high over the years. These includes optoelectronics, optical fibers, facsimile, optical media and copy machines. It has also showed significant growth in fermentation processes of biochemistry and food. But, it is slightly behind in the development if some sectors like rockets, satellites and large aircraft. The industrial activities of japan are in the fields of manufacturing, mining, water utilities along with gas and power.
The service sector of Japan contributes to around 3/4th of total output in the economy of Japan. The sectors include insurance, banking, transportation, real estate, telecommunications and retailing. Th are are also some major industries like Mizuho, Mitsubishi, TEPCO, Mitsubishi Estate and lots more.
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