ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

China edges out US as Japan's top export market

Growing investment in advanced manufacturing a boon for machinery makers

A unit of Tokyo Electron looks to double production capacity for semiconductor manufacturing equipment to meet China's voracious appetite.

TOKYO -- China has topped the U.S. as the leading destination for Japanese goods for the first time since fiscal 2011, as a burgeoning market for advanced technologies drives demand for chipmaking equipment in the world's second-largest economy.

Japan's exports to China were valued at a record 15.187 trillion yen ($141 billion) in the year ended March 31, or 18.3% more than in fiscal 2016, according to Ministry of Finance trade statistics released Wednesday. U.S.-bound exports grew 7.5% to 15.181 trillion yen.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more