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2022
Exports $117MWorld Rnk 4 / 119
Flag Rnk 409 / 1213
2022
Destination $4.89M China
2021 - 2022
FASTEST GROWING MARKET $4.89MChina
2022
PRODUCT COMPLEXITY IN Tungsten1.45Rnk 63 / 1025
2022
Imports $123MWorld Rnk 4 / 169
Flag Rnk 518 / 1214
2022
Origin $11.5M China
2021 - 2022
FASTEST GROWING ORIGIN $11.5MChina
2022
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $117M in Tungsten, making it the 4th largest exporter of Tungsten in the world. At the same year, Tungsten was the 409th most exported product in Japan. The main destination of Tungsten exports from Japan are: China ($28.6M), Chinese Taipei ($21.3M), South Korea ($16.1M), United States ($12.7M), and Germany ($10M).

The fastest growing export markets for Tungsten of Japan between 2021 and 2022 were China ($4.89M), Germany ($3.72M), and United Kingdom ($1.58M).

Imports In 2022, Japan imported $123M in Tungsten, becoming the 4th largest importer of Tungsten in the world. At the same year, Tungsten was the 518th most imported product in Japan. Japan imports Tungsten primarily from: China ($89.8M), Austria ($8.98M), Chinese Taipei ($3.34M), Thailand ($3.32M), and Germany ($3.19M).

The fastest growing import markets in Tungsten for Japan between 2021 and 2022 were China ($11.5M), Thailand ($2.55M), and Vietnam ($941k).

COMPANIES In 2023, leading companies such as Sumitomo Rubber (1) were at the forefront of shipping Tungsten from Japan to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Japan's Tungsten exports accounted up to ¥1.66B and imports accounted up to ¥1.2B, resulting in a positive trade balance of ¥464M. Between June 2023 and June 2024 the exports of Japan's   Tungsten have increased by ¥765M (85.1%) from ¥899M to ¥1.66B, while imports decreased by ¥-224M (-15.7%) from ¥1.42B to ¥1.2B.

Destinations In June 2024, Tungsten were exported mostly to China (¥827M), South Korea (¥271M), Germany (¥178M), Chinese Taipei (¥99.6M), and United States (¥96.7M), and were imported mostly from China (¥893M), Austria (¥68.2M), Germany (¥65.1M), India (¥53.9M), and South Korea (¥25M).

Growth In June 2024, the increase in Tungsten's year-by-year exports was explained primarily by an increase in exports to Germany (¥75.7M or 301%), China (¥34.7M or 17.3%), and Vietnam (¥7.27M or 123%). In June 2024, the decrease in Tungsten's year-by-year imports was explained primarily by a decrease in imports from Chinese Taipei (¥-28.7M or -41.1%), South Korea (¥-27.3M or -46.5%), and China (¥-10.4M or -1.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)¥765M(85.1%)
IMPORT GROWTH (June 2023 - June 2024)¥-224M(-15.7%)
MAIN EXPORTER (June 2024)Osaka¥902M
MAIN DESTINATION (June 2024)China¥827M

This section shows Tungsten'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 Tungsten over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$117M
IMPORTS (2022)$123M
NET TRADE (2022)-$6.3M

In 2022, Japan exported $117M in Tungsten. The main destinations of Japan exports on Tungsten were China ($28.6M), Chinese Taipei ($21.3M), South Korea ($16.1M), United States ($12.7M), and Germany ($10M).

In 2022, Japan imported $123M in Tungsten, mainly from China ($89.8M), Austria ($8.98M), Chinese Taipei ($3.34M), Thailand ($3.32M), and Germany ($3.19M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tungsten EXPORT MARKETS FOR Japan WERE (2021 - 2022):
China$4.89M (20.6%)
Germany$3.72M (59%)
United Kingdom$1.58M (2.32k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tungsten BY Japan WERE (2021 - 2022):
Singapore-$4.36M (-51.7%)
Austria-$2.75M (-66.1%)
India-$999k (-69.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Japan's main exporting competitors in Tungsten were:
China $369M
Germany $206M
United States $145M
In 2022, Japan's main importing competitors in Tungsten were:
United States $236M
Germany $204M
Austria $130M

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Trade Value of Tungsten by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.6M
TOP IMPORT POTENTIALGermany+ $1.77M

Tungsten’s highest export potential is United States. With an export gap of $2.6M.   Tungsten’s highest import potential is Germany with an import gap of $1.77M.

See methodology.

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