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2022
Exports $76.8MWorld Rnk 78 / 149
Flag Rnk 478 / 1213
2022
Destination $71.5M South Korea
2021 - 2022
FASTEST GROWING MARKET $71.5MSouth Korea
2022
PRODUCT COMPLEXITY IN Crude Petroleum-2.25Rnk 1011 / 1025
2022
Imports $86.7BWorld Rnk 5 / 158
Flag Rnk 1 / 1214
2022
Origin $13.7B Saudi Arabia
2021 - 2022
FASTEST GROWING ORIGIN $13.7BUnited Arab Emirates
2022
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $76.8M in Crude Petroleum, making it the 78th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 478th most exported product in Japan. The main destination of Crude Petroleum exports from Japan are: South Korea ($71.5M), China ($5.14M), Singapore ($121k), United Arab Emirates ($2.82k), and Brazil ($1.35k).

The fastest growing export markets for Crude Petroleum of Japan between 2021 and 2022 were South Korea ($71.5M), China ($5.14M), and Singapore ($26.5k).

Imports In 2022, Japan imported $86.7B in Crude Petroleum, becoming the 5th 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: Saudi Arabia ($34.3B), United Arab Emirates ($32.9B), Kuwait ($7.19B), Qatar ($6.46B), and Russia ($1.15B).

The fastest growing import markets in Crude Petroleum for Japan between 2021 and 2022 were United Arab Emirates ($13.7B), Saudi Arabia ($12.3B), and Kuwait ($2.5B).

Latest Trends

July 2022

About

Overview In July 2022 Japan's Crude Petroleum exports accounted up to ¥646M and imports accounted up to ¥947B, resulting in a negative trade balance of ¥946B. 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 ¥-48.9B (-4.91%) from ¥995B to ¥947B.

Destinations In July 2022, Crude Petroleum were exported mostly to , and were imported mostly from United Arab Emirates (¥443B), Saudi Arabia (¥363B), Kuwait (¥62.9B), Qatar (¥24.8B), and United States (¥24.8B).

Growth In July 2022, the increase in Crude Petroleum's year-by-year exports was explained primarily by an increase in exports to . In August 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 (August 2023 - August 2024)¥-48.9B(-4.91%)
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 (2022)$76.8M
IMPORTS (2022)$86.7B
NET TRADE (2022)-$86.6B

In 2022, Japan exported $76.8M in Crude Petroleum. The main destinations of Japan exports on Crude Petroleum were South Korea ($71.5M), China ($5.14M), Singapore ($121k), United Arab Emirates ($2.82k), and Brazil ($1.35k).

In 2022, Japan imported $86.7B in Crude Petroleum, mainly from Saudi Arabia ($34.3B), United Arab Emirates ($32.9B), Kuwait ($7.19B), Qatar ($6.46B), and Russia ($1.15B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Japan WERE (2021 - 2022):
South Korea$71.5M (1%)
China$5.14M (1%)
Singapore$26.5k (28%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Japan WERE (2021 - 2022):
Brunei-$162M (-100%)
India-$71.6M (-100%)
Malaysia-$110k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Japan's main exporting competitors in Crude Petroleum were:
Saudi Arabia $236B
Russia $133B
Canada $123B
In 2022, Japan's main importing competitors in Crude Petroleum were:
China $287B
United States $199B
India $170B

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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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