2023
Exports
$1.13MWorld Rnk 25 / 94
Flag Rnk 1014 / 1209
2023
PRODUCT COMPLEXITY IN Borates
-0.21Rnk 617 / 1025
2023
Imports
$29.6MWorld Rnk 11 / 178
Flag Rnk 801 / 1209
2023
ECONOMIC COMPLEXITY of Japan
2.07Rnk 1 / 132

About

Exports In 2023, Japan exported $1.13M in Borates, making it the 25th largest exporter of Borates in the world. At the same year, Borates was the 1014th most exported product in Japan. The main destination of Borates exports from Japan are: China ($432k), Thailand ($183k), Indonesia ($130k), Germany ($91.2k), and Turkey ($65.4k).

The fastest growing export markets for Borates of Japan between 2022 and 2023 were Indonesia ($101k), Thailand ($28.8k), and Philippines ($9.09k).

Imports In 2023, Japan imported $29.6M in Borates, becoming the 11th largest importer of Borates in the world. At the same year, Borates was the 801st most imported product in Japan. Japan imports Borates primarily from: United States ($19.8M), Turkey ($7.77M), China ($833k), Slovenia ($512k), and Italy ($201k).

The fastest growing import markets in Borates for Japan between 2022 and 2023 were United States ($3.97M), Australia ($31.2k), and Switzerland ($29.1k).

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)¥1.6M(20.4%)
IMPORT GROWTH (November 2023 - November 2024)¥-103M(-34.1%)
MAIN EXPORTER (November 2024)Hyōgo¥20.8M
MAIN DESTINATION (November 2024)China¥4.92M

This section shows Borates'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 Borates over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.13M
IMPORTS (2023)$29.6M
NET TRADE (2023)-$28.4M

In 2023, Japan exported $1.13M in Borates. The main destinations of Japan exports on Borates were China ($432k), Thailand ($183k), Indonesia ($130k), Germany ($91.2k), and Turkey ($65.4k).

In 2023, Japan imported $29.6M in Borates, mainly from United States ($19.8M), Turkey ($7.77M), China ($833k), Slovenia ($512k), and Italy ($201k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Borates EXPORT MARKETS FOR Japan WERE (2022 - 2023):
Indonesia$101k (350%)
Thailand$28.8k (18.7%)
Philippines$9.09k (589%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Borates BY Japan WERE (2022 - 2023):
China-$175k (-28.8%)
Singapore-$49.2k (-82.3%)
Germany-$41.5k (-31.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Japan's main exporting competitors in Borates were:
In 2023, Japan's main importing competitors in Borates were:

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Trade Value of Borates by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $457k
TOP IMPORT POTENTIALTurkey+ $863k

Borates’s highest export potential is China. With an export gap of $457k.   Borates’s highest import potential is Turkey with an import gap of $863k.

See methodology.

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