Japan's exports of fossil-fuel-related products could fall by about $90 billion (roughly ¥14 trillion) by 2035 compared with 2024, while exports of electro-tech could more than double, the British think tank Ember said in a report, Kyodo News reported.
Ember expects demand for electro-tech — electrification technology — to keep growing as the shift toward it advances worldwide.
Japan's fossil-fuel-related exports came to $161 billion in 2024. The category includes engine cars, hybrids, engines and parts.
As Asia moves toward electric vehicles, and EV adoption spreads globally, Ember projects Japan's export value will shrink sharply by 2035.
Import bill could shrink too
Japan's fossil-fuel imports, by contrast, reached $161 billion in 2024. Ember said $122 billion of that could be cut if the country shifts to renewable energy and EVs.
Japan holds the world's fifth-largest share of electro-tech exports. Ember projects that figure will more than double from $44 billion in 2024 by 2035, with policy support pushing it higher still.