A winning streak in Japan

31 January 2020

Annual UK exports to Japan are on the rise, according to a report from the Department for International Trade.

With the Tokyo 2020 Olympics looming on the horizon, demand for British goods and services by Japanese consumers is booming and has increased by some 32% over the past 5 years.

Up to date figures from the Office for National Statistics show that, in the year to September 2019, the UK’s total exports to Japan hit nearly £15billion, making it the UK’s 11^th largest export market.

British sporting firms in particular are enjoying a surge in business, exporting high-quality equipment to help facilitate the games. Exports to Japan in this sector have doubled in the past 3 years and now stand at some £4million.

Commenting on this upward trend, International Trade Secretary Liz Truss said:

“It’s great to see British businesses selling more of their great products to Japan – an important and lucrative market for the UK”

Following our departure from the EU on 31^st January, a future UK-Japan Free Trade Agreement could help to create even more opportunities for British businesses to trade in the region.

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