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In the 2nd and 3rd quarters of 2022 (Apr.-Sept.) Japan's [[trade deficit]] with Russia increased 165%,
In the 2nd and 3rd quarters of 2022 (Apr.-Sept.) Japan's [[trade deficit]] with Russia increased 165%,
The Japanese edition of JB Press published an article that Western sanctions did not affect the economic cooperation between Japan and Russia. Rather, this cooperation only became closer and stronger. The export of goods from Japan to Russia in value terms at the end of 2022 significantly exceeded the volume of exports in 2021. Over the 12 months of 2022, Japanese companies supplied goods to Russia worth 1.825 billion Japanese yen. For the whole of 2021, the export of Japanese goods to Russia amounted to 1.550 billion yen. Even excluding December, the growth of Japanese exports to Russia in 2022 amounted to 17.5%. This figure looks surprising against the backdrop of the mass exodus of Japanese companies from the Russian market. German exports in November 2022 compared to November 2021 fell by 53% while Japanese exports to Russia grew.
Japanese cars have become the main item of Japanese export to Russia.
With regard to Russian exports, the Japanese government achieved benefits for Japanese companies when buying Russian oil and liquefied gas. Sanctions do not actually apply to the supply of Russian energy resources. The Japanese authorities, unlike their American and British counterparts, have refused to dispose of profitable assets in the Russian oil and gas projects Sakhalin-1 and Sakhalin-2. According to Japanese economists, this allowed Japanese companies to save more than $20 billion and continue to receive Russian energy resources on preferential terms.
It is reported that the abandonment of Russian LNG will increase the cost of gas imports by Japanese companies by 35% of current costs.
Japanese authorities did not follow the example of American officials who imposed a ban on the import of Russian seafood. The Japanese government has said supplies of Russian salmon, crabs and sea urchins are critical to the fishing industry.
===United States===
===United States===