10 countries that import more than export

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2. Japan

Trade deficit in US$ -158.7Billion

Exports: 921.2B – Imports: 1079.9B

For Japan, both exports and imports reached the highest levels on record.  The resource-poor Japan relies heavily on fuel imports. The value of imported crude oil rose 91.5% in 2022, while liquified natural gas jumped 97.5%, as energy prices increased globally after Russia invaded Ukraine.

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