Scrap Iron in Japan | The Observatory of Economic Complexity

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Exports In 2022, Japan exported $3.26B in Scrap Iron, making it the 5th largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 51st most exported product in Japan. The main destination of Scrap Iron exports from Japan are: South Korea ($1.69B), Vietnam ($587M), Chinese Taipei ($311M), China ($238M), and Bangladesh ($150M).

The fastest growing export markets for Scrap Iron of Japan between 2021 and 2022 were China ($27M), Bangladesh ($19.9M), and Philippines ($7.66M).

Imports In 2022, Japan imported $229M in Scrap Iron, becoming the 34th largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 370th most imported product in Japan. Japan imports Scrap Iron primarily from: South Korea ($85.2M), Chinese Taipei ($44.3M), United States ($25.3M), Philippines ($16M), and Singapore ($9.09M).

The fastest growing import markets in Scrap Iron for Japan between 2021 and 2022 were Chinese Taipei ($15.5M), South Korea ($13.7M), and United States ($2.72M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Scrap Iron from Japan to the United States.

Latest Trends

January 2024

About

Overview In January 2024 Japan's Scrap Iron exports accounted up to ¥27.6B and imports accounted up to ¥833M, resulting in a positive trade balance of ¥26.7B. Between January 2023 and January 2024 the exports of Japan's Scrap Iron have decreased by ¥-4.45B (-13.9%) from ¥32B to ¥27.6B, while imports decreased by ¥-2B (-70.6%) from ¥2.83B to ¥833M.

Destinations In January 2024, Scrap Iron were exported mostly to Vietnam (¥11.1B), South Korea (¥8.44B), Taiwan (¥2.76B), Malaysia (¥1.74B), and China (¥790M), and were imported mostly from South Korea (¥265M), Taiwan (¥144M), United States (¥119M), Philippines (¥87.8M), and Malaysia (¥40M).

Growth In January 2024, the decrease in Scrap Iron's year-by-year exports was explained primarily by a decrease in exports to Thailand (¥-113M or -21.8%) and India (¥-25.7M or -17.9%). In January 2024, the decrease in Scrap Iron's year-by-year imports was explained primarily by a decrease in imports from Taiwan (¥-625M or -64.1%), Philippines (¥-119M or -35.5%), and South Korea (¥-60.1M or -5.68%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)¥-4.45B(-13.9%)

IMPORT GROWTH (January 2023 - January 2024)¥-2B(-70.6%)

MAIN EXPORTER (January 2024)Chiba¥4.75B

MAIN DESTINATION (January 2024)Vietnam¥11.1B

This section shows Scrap Iron's exports and imports data at subnational level for Japan. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Scrap Iron over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$3.26B

IMPORTS (2022)$229M

NET TRADE (2022)$3.03B

In 2022, Japan exported $3.26B in Scrap Iron. The main destinations of Japan exports on Scrap Iron were South Korea ($1.69B), Vietnam ($587M), Chinese Taipei ($311M), China ($238M), and Bangladesh ($150M).

In 2022, Japan imported $229M in Scrap Iron, mainly from South Korea ($85.2M), Chinese Taipei ($44.3M), United States ($25.3M), Philippines ($16M), and Singapore ($9.09M).

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