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2023
Exports $69.3kWorld Rnk 109 / 150
Flag Rnk 1149 / 1209
2023
Destination $2.76k Singapore
2022 - 2023
FASTEST GROWING MARKET $2.76kBrazil
2023
PRODUCT COMPLEXITY IN Crude Petroleum-2.37Rnk 1015 / 1025
2023
Imports $80.4BWorld Rnk 4 / 159
Flag Rnk 1 / 1209
2023
Origin $516MN/A
2022 - 2023
FASTEST GROWING ORIGIN $516MUnited States
2023
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 132

About

Exports In 2023, Japan exported $69.3k in Crude Petroleum, making it the 109th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1149th most exported product in Japan. The main destination of Crude Petroleum exports from Japan are: Singapore ($58.3k), United Arab Emirates ($5.79k), Brazil ($4.34k), Costa Rica ($439), and Belgium ($264).

The fastest growing export markets for Crude Petroleum of Japan between 2022 and 2023 were Brazil ($2.76k), United Arab Emirates ($2.52k), and Costa Rica ($439).

Imports In 2023, Japan imported $80.4B in Crude Petroleum, becoming the 4th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1st most imported product in Japan. Japan imports Crude Petroleum primarily from: N/A.

The fastest growing import markets in Crude Petroleum for Japan between 2022 and 2023 were United States ($516M), Australia ($135M), and Indonesia ($126M).

Latest Trends

July 2022

About

Overview In July 2022 Japan's Crude Petroleum exports accounted up to ¥646M and imports accounted up to ¥762B, resulting in a negative trade balance of ¥761B. Between February 2017 and July 2022 the exports of Japan's   Crude Petroleum have increased by ¥646M (N/A%) from ¥0 to ¥646M, while imports decreased by ¥-322B (-29.7%) from ¥1.08T to ¥762B.

Destinations In July 2022, Crude Petroleum were exported mostly to , and were imported mostly from Saudi Arabia (¥328B), United Arab Emirates (¥314B), Kuwait (¥44.3B), Qatar (¥43.1B), and United States (¥13.4B).

Growth In July 2022, the increase in Crude Petroleum's year-by-year exports was explained primarily by an increase in exports to . In November 2024, the decrease in Crude Petroleum's year-by-year imports was explained primarily by a decrease in imports from Russia (¥-14.6B or -75.2%), Bahrain (¥-7.87B or -92.8%), and Qatar (¥-3.88B or -7.02%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (February 2017 - July 2022)¥646M(N/A%)
IMPORT GROWTH (November 2023 - November 2024)¥-322B(-29.7%)
MAIN EXPORTER (July 2022)
MAIN DESTINATION (July 2022)

This section shows Crude Petroleum'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 Crude Petroleum over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$69.3k
IMPORTS (2023)$80.4B
NET TRADE (2023)-$80.4B

In 2023, Japan exported $69.3k in Crude Petroleum. The main destinations of Japan exports on Crude Petroleum were Singapore ($58.3k), United Arab Emirates ($5.79k), Brazil ($4.34k), Costa Rica ($439), and Belgium ($264).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Japan WERE (2022 - 2023):
Brazil$2.76k (174%)
United Arab Emirates$2.52k (77.2%)
Costa Rica$439 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Japan WERE (2022 - 2023):
South Korea-$80.6M (-100%)
China-$7.13M (-100%)
Singapore-$81.7k (-58.3%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Japan's main exporting competitors in Crude Petroleum were:
Saudi Arabia $181B
United States $125B
Russia $122B
In 2023, Japan's main importing competitors in Crude Petroleum were:
China $319B
United States $170B
India $140B

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSouth Korea+ $27M
TOP IMPORT POTENTIALRussia+ $1.54B

Crude Petroleum’s highest export potential is South Korea. With an export gap of $27M.   Crude Petroleum’s highest import potential is Russia with an import gap of $1.54B.

See methodology.

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