Compasses in Japan | The Observatory of Economic Complexity

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Exports In 2022, Japan exported $265M in Compasses, making it the 8th largest exporter of Compasses in the world. At the same year, Compasses was the 289th most exported product in Japan. The main destination of Compasses exports from Japan are: China ($89.9M), United States ($38.7M), Netherlands ($21.8M), South Korea ($20.8M), and Hong Kong ($12.9M).

The fastest growing export markets for Compasses of Japan between 2021 and 2022 were Denmark ($2.5M), Norway ($1.96M), and Guam ($1.34M).

Imports In 2022, Japan imported $226M in Compasses, becoming the 10th largest importer of Compasses in the world. At the same year, Compasses was the 371st most imported product in Japan. Japan imports Compasses primarily from: United States ($107M), United Kingdom ($25M), Czechia ($16.4M), Singapore ($16.2M), and France ($11.7M).

The fastest growing import markets in Compasses for Japan between 2021 and 2022 were Singapore ($14.3M), United Kingdom ($12M), and Hong Kong ($5.53M).

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

Latest Trends

August 2024

About

Overview In August 2024 Japan's Compasses exports accounted up to ¥3.32B and imports accounted up to ¥5.91B, resulting in a negative trade balance of ¥2.58B. Between August 2023 and August 2024 the exports of Japan's Compasses have increased by ¥120M (3.75%) from ¥3.2B to ¥3.32B, while imports increased by ¥1.19B (25.2%) from ¥4.72B to ¥5.91B.

Destinations In August 2024, Compasses were exported mostly to China (¥1.09B), South Korea (¥378M), Netherlands (¥339M), United States (¥297M), and Hong Kong (¥241M), and were imported mostly from United States (¥3.42B), France (¥950M), Italy (¥430M), United Kingdom (¥401M), and Canada (¥235M).

Growth In August 2024, the increase in Compasses's year-by-year exports was explained primarily by an increase in exports to Hong Kong (¥237M or 284%), Netherlands (¥106M or 66.3%), and Turkey (¥48.9M or 144%). In August 2024, the increase in Compasses's year-by-year imports was explained primarily by an increase in imports from Italy (¥113M or 46.4%), China (¥48.2M or 63.6%), and Denmark (¥29.4M or 593%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2023 - August 2024)¥120M(3.75%)

IMPORT GROWTH (August 2023 - August 2024)¥1.19B(25.2%)

MAIN EXPORTER (August 2024)Hyōgo¥1.16B

MAIN DESTINATION (August 2024)China¥1.09B

This section shows Compasses'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 Compasses over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$265M

IMPORTS (2022)$226M

NET TRADE (2022)$38.6M

In 2022, Japan exported $265M in Compasses. The main destinations of Japan exports on Compasses were China ($89.9M), United States ($38.7M), Netherlands ($21.8M), South Korea ($20.8M), and Hong Kong ($12.9M).

In 2022, Japan imported $226M in Compasses, mainly from United States ($107M), United Kingdom ($25M), Czechia ($16.4M), Singapore ($16.2M), and France ($11.7M).

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