Japan: Share of “Friendly Countries” in Trade with Russia Expanding
On February 18, 2025, the Japan External Trade Organization (JETRO) published an article titled “Share of ‘Friendly Countries’ in Trade with Russia Expanding.” The article highlights the growing importance of friendly countries in Japan’s trade with Russia.
Key Findings:
- The share of “friendly countries” in Japan’s trade with Russia has been increasing since the annexation of Crimea in 2014.
- In 2024, the share of friendly countries in Japan’s exports to Russia reached 85%, up from 73% in 2013.
- The increase in trade with friendly countries is driven by the need for alternative sources of raw materials and food.
- The most important friendly countries for Japan’s trade with Russia are China, South Korea, and India.
Background:
The annexation of Crimea by Russia in 2014 led to international sanctions against Russia. These sanctions have disrupted trade between Russia and Western countries, including Japan. As a result, Japan has been looking to increase trade with friendly countries such as China, South Korea, and India.
Implications:
The growing share of friendly countries in Japan’s trade with Russia has several implications:
- Reduced dependence on Western countries: Japan will become less dependent on Western countries for trade, reducing the risk of disruptions caused by sanctions or other geopolitical events.
- Increased trade with Asia: Japan’s trade with Asia will continue to grow, as it looks to friendly countries for alternative sources of raw materials and food.
- Greater economic integration with Russia: Increased trade with friendly countries will lead to greater economic integration between Japan and Russia, which could have geopolitical implications.
Conclusion:
The share of friendly countries in Japan’s trade with Russia has been expanding since 2014. This is driven by the need for alternative sources of raw materials and food, as well as the desire to reduce dependence on Western countries. The growing trade with friendly countries will have implications for Japan’s economy, trade policy, and geopolitical relations.
Friendly countries have expanded share of trade (Russia)
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I asked Google Gemini the following question.
日本貿易振興機構 a new article on 2025-02-18 15:00 titled “貿易に占める「友好国」のシェアが拡大（ロシア）”. Please write a detailed article on this news item, including any relevant information. Answers should be in English.
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