Balances in Japan | The Observatory of Economic Complexity

About

Exports In 2023, Japan exported $18.3M in Balances, making it the 6th largest exporter of Balances in the world. At the same year, Balances was the 687th most exported product in Japan. The main destination of Balances exports from Japan are: South Korea ($2.63M), India ($2M), United States ($1.96M), Hong Kong ($1.76M), and Russia ($1.47M).

The fastest growing export markets for Balances of Japan between 2022 and 2023 were Russia ($701k), United States ($341k), and Malaysia ($239k).

Imports In 2023, Japan imported $16.2M in Balances, becoming the 6th largest importer of Balances in the world. At the same year, Balances was the 912th most imported product in Japan. Japan imports Balances primarily from: Netherlands ($4.64M), Philippines ($4.35M), China ($2.83M), Germany ($2.82M), and Switzerland ($1.15M).

The fastest growing import markets in Balances for Japan between 2022 and 2023 were Netherlands ($4.6M), United States ($271k), and Philippines ($190k).

COMPANIES In 2023, leading companies such as YAMAHA CORPORATION OF AMERICA (1) were at the forefront of shipping Balances from Japan to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Japan's Balances exports accounted up to ¥249M and imports accounted up to ¥354M, resulting in a negative trade balance of ¥105M. Between November 2023 and November 2024 the exports of Japan's Balances have decreased by ¥-15.6M (-5.9%) from ¥264M to ¥249M, while imports increased by ¥110M (45.3%) from ¥243M to ¥354M.

Destinations In November 2024, Balances were exported mostly to United States (¥33.6M), China (¥25.3M), South Korea (¥24.5M), Germany (¥23.4M), and India (¥21.7M), and were imported mostly from Switzerland (¥192M), Germany (¥64.8M), China (¥48.2M), Philippines (¥36M), and South Korea (¥12.7M).

Growth In November 2024, the decrease in Balances's year-by-year exports was explained primarily by a decrease in exports to United States (¥-25M or -65.2%), South Korea (¥-13.7M or -37.6%), and Germany (¥-9.58M or -61.9%). In November 2024, the increase in Balances's year-by-year imports was explained primarily by an increase in imports from Switzerland (¥102M or 121%), Philippines (¥35.8M or 316%), and South Korea (¥6.77M or 548%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (November 2023 - November 2024)¥-15.6M(-5.9%)

IMPORT GROWTH (November 2023 - November 2024)¥110M(45.3%)

MAIN EXPORTER (November 2024)Tokyo¥153M

MAIN DESTINATION (November 2024)United States¥33.6M

This section shows Balances'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 Balances over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2023)$18.3M

IMPORTS (2023)$16.2M

NET TRADE (2023)$2.1M

In 2023, Japan exported $18.3M in Balances. The main destinations of Japan exports on Balances were South Korea ($2.63M), India ($2M), United States ($1.96M), Hong Kong ($1.76M), and Russia ($1.47M).

In 2023, Japan imported $16.2M in Balances, mainly from Netherlands ($4.64M), Philippines ($4.35M), China ($2.83M), Germany ($2.82M), and Switzerland ($1.15M).

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