Between 2000 and 2008, EU27 exports of goods to Japan fell in value, from 45 bn euro to 42 bn, while EU27 imports from Japan decreased by nearly a fifth, from 92 bn to 75 bn. As a result, the EU27 deficit in trade with Japan was reduced from 47 bn in 2000 to 32 bn in 2008. The share of Japan in the EU27's total external trade in goods has fallen significantly between 2000 and 2008. In 2008, Japan accounted for 3% of EU27 exports and 5% of EU27 imports, and was the EU27's sixth most important trading partner.