Published by: Hessa Meshar
1 December 2016
Japan is the largest electronics exporter as well as being the largest frog’s legs exporter in the world.
Japan’s rapid growth resulted in an increase in worker productivity due to increasing in capital goods, improving technology and skilled workers. The land in Japan is not suitable for agriculture to produce a sufficient amount of food for the huge population. Therefore, the country has to import most of its food from other countries. Japan is known for its large industry. What you didn’t know was that most of the raw materials, like oil, coal, copper, aluminum and wood are imported from outside. In exchange, Japan also exports other goods including electronic equipment and cars. The goods that Japan exported changed over time from agricultural goods to manufactured goods. In 2014, Japan exported $714 billion and imported $754 billion, making it the 4th largest exporter and importer in the world. During the last five years, the exports of Japan have boosted at an annualized rate of 4.2%, and the imports of increased at an annualized rate of 8.5%.
Japan is known for exporting high-tech electronics, but the most unpredicted goods that Japan exports are frog’s legs. Yes, as you heard, Japan is the world’s largest frog’s legs exporter but who wants to buy them? Unexpectedly, the top importers are France, Belgium, and the USA. That’s because frog legs are commonly used in French and Cantonese cuisines. Frogs legs are traded internationally of worth $40 million and 3.2 billion frogs are consumed every year.
Now, will you be astounded if you read about another weird good that Japan exports? Wait for the next volume to discover more about it.