Top US Trade Product Opportunities For Japan
America's greatest trade product losses to Japan during 2014 were for the products in the accompanying list. The US racked up a $70.5 billion deficit in its trade with the Land of the Rising Sun in 2014, down 12.3% from 2012.
Vehicles

The products below earned the greatest subcategory deficits for the US versus Japan.

1. Cars: -$34.1 billion
2. Automobile parts/accessories: -$8.1 billion
3. Tractors: -$902.5 million
4. Motorcycles: -$877.7 million
5. Trucks: -$649.9 million
6. Motorcycle parts/accessories: -$202.2 million
7. Work trucks: -$94.9 million
8. Automobile bodies: -$87.7 million
9. Special purpose vehicles: -$64.3 million
10. Chassis fitted with engine: -$21.1 million
Machinery

The products below earned the greatest subcategory deficits for the US versus Japan.

1. Printing machinery: -$3.6 billion
2. Heavy machinery (excavators): -$2.9 billion
3. Piston engines: -$1.8 billion
4. Semi-conductor makers: -$1.6 billion
5. Turbo-jets: -$1.6 billion
6. Piston engine parts: -$1.4 billion
7. Taps, valves, appliances: -$1.2 billion
8. Engines (diesel): -$1.1 billion
9. Transmission gears, clutches: -$1 billion
10. Air or vacuum pumps: -$881.8 milliond
Electronic equipment

The products below earned the greatest subcategory deficits for the US versus Japan.

1. Ignition/start equipment:-$1.4 billion
2. Electric storage batteries: -$1.2 billion
3. TV transmit/receive/digital cameras: -$1.1 billion
4. Integrated circuits: -$959.3 million
5. Solar power transistors: -$845.9 million
6. Electric motors, generators: -$824.8 million
7. Transformers/power supplies: -$779.4 million
8. TV receivers/monitors: -$718.9 million
9. Unrecorded sound media: -$632.3 million
10. Electrical machinery: -$550.1 million
Rubber

The products below earned the greatest subcategory deficits for the US versus Japan.

1. Tires (new): -$1.4 billion
2. Vulcanized rubber items: -$449.6 million
3. Synthetic rubber: -$190.7 million
4. Vulcanized rubber tubes, pipes: -$122.7 million
5. Vulcanized rubber belts: -$78.7 million
6. Tires (used/retread): -$31.1 million
7. Vulcanized rubber plates, sheets: -$11.3 million
8. Unvulcanized compounded rubber: -$3.7 million
9. Inner tubes: -$2.2 million
10. Vulcanized rubber hygiene items: -$422,000
Iron or steel products

The products below earned the greatest
subcategory deficits for the US versus Japan.

1. Iron or steel tubes, pipes: -$602.5 million
2. Screws, bolts, nuts, washers: -$593.1 million
3. Railway track material: -$223.1 million
4. Iron or steel chains: -$122 million
5. Miscellaneous tubes, pipes: -$95.7 million
6. Iron and steel tubes, pipes: -$84.2 million
7. Iron or steel springs, leaves: -$58.6 million
8. Other iron/steel items: -$44.1 million
9. Iron/steel reservoirs, tanks, vats: -$41 million
10. Other iron and steel structures: -$27 million
Iron and steel

The products below earned the greatest subcategory deficits for the US versus Japan.

1. Iron/steel items (semi-finished): -$298 million
2. Hot-rolled iron/steel products: -$291.8 million
3. Flat-rolled other steel products: -$259.3 million
4. Coiled steel bars, rods: -$234.0 million
5. Coiled iron/steel bars, rods: -$184.5 million
6. Flat-rolled iron/steel products: -$93.4 million
7. Iron or steel bars, rods: -$91.1 million
8. Other alloy steel wire: -$68.4 million
9. Iron or non-alloy steel wire: -$59.3 million
10. Flat-rolled stainless steel: -$56.8 million
Organic chemicals

The products below earned the greatest subcategory deficits for the US versus Japan.

1. Heterocyclics, nucleic acids: -$1.5 billion
2. Cyclic hydrocarbons: -$644.6 million
3. Miscellaneous heterocyclics: -$132 million
4. Unsaturated acyclic mono acids: -$101.5 million
5. Organo-sulphur compounds: -$70.2 million
6. Heterocyclics, oxygen: -$57.7 million
7. Carboxyamid/amide compounds: -$54.7 million
8. Aldehyde, paraformaldehyde: -$36.1 million
9. Carboxylic acids: -$26.8 million
10. Nitrile-function compounds: -$23.0 million
Clocks and watches

The products below earned the greatest subcategory deficits for the US versus Japan.

1. Wrist watches, pocket watches: -$1.1 billion
2. Instrument panel clocks: -$1.8 million
3. Watch cases: -$475,000
4. Watch components, assembled: -$420,000
5. Other clocks: -$319,000
6. Other clock/watch parts: -$305,000
7. Watch straps, bands, bracelets: -$304,000
8. Clock cases: -$45,000
9. Clock components, assembled: -$4,000
Photo/cinematographic goods

The products below earned the greatest subcategory deficits for the US versus Japan.

1. Photographic chemicals: -$540.8 million
2. Plates/film, unexposed: -$132.3 million
3. Plates/film in rolls, unexposed: -$129.8 million
4. Plates/film, developed: -$3.5 million
5. Plates/film, undeveloped: -$1.5 million
6. Movie picture film, developed: -$16,000
Base metal tools, cutlery

The products below earned the greatest subcategory deficits for the US versus Japan.

1. Dual hand/machine tools: -$396.2 million
2. Cermet plates, sticks, tips: -$144.7 million
3. Knives with cut blades: -$46 million
4. Hand saws, blades: -$36.4 million
5. Machine knives, blades: -$23.2 million
6. Razors, blades: -$9.9 million
7. Scissors, blades: -$4.0 million
8. Agriculture/forestry hand tools: -$3.8 million
9. Spoons, forks, butter-knives: -$1 million
10. Food prep equipment (hand): -$857,000
Plastics

The products below earned the greatest subcategory deficits for the US versus Japan.

1. Acrylic polymers: -$165.7 million
2. Miscellaneous plastic items: -$123.2 million
3. Vinyl chloride polymers: -$109.4 million
4. Plates, sheets, film, tape, strips: -$97.4 million
5. Tubes, pipes, fittings: -$60.9 million
6. Styrene polymers: -$54.8 million
7. Plates, sheets, film, tape, strips: -$53.9 million
8. Self-adhesive plastic in rolls: -$48.6 million
9. Silicones: -$25.5 million
10. Plastic tile or roll coverings: -$19.2 million
Fastest-Growing American Trade Product Deficits Versus Japan 2014
Data source: Trade Map, International Trade Centre, www.intracen.org/marketanalysis