Key Market Indicators
Japanese electrical equipment exports are projected to decline to approximately $99 billion by 2028, down from around $102 billion in 2023. This represents an annual decrease of 0.4%. Notably, Japanese exports in this sector have been on a downward trend, decreasing by an average of 1.4% per year since 1993. In contrast, imports of electrical equipment into Japan are expected to rise to about $115 billion by 2028, up from $106 billion in 2023. This marks an annual growth rate of 1.3%. Historically, Japanese demand for electrical equipment has increased at an average rate of 1.1% per year since 1993.
