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2022
Exports $60.6MWorld Rnk 6 / 58
Flag Rnk 518 / 1213
2022
Destination $25.6M Bangladesh
2021 - 2022
FASTEST GROWING MARKET $25.6MBangladesh
2022
PRODUCT COMPLEXITY IN Electric Locomotives1.09Rnk 138 / 1025
2022
Imports $236kWorld Rnk 61 / 110
Flag Rnk 1184 / 1214
2022
Origin $120k United Kingdom
2021 - 2022
FASTEST GROWING ORIGIN $120kUnited Kingdom
2022
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $60.6M in Electric Locomotives, making it the 6th largest exporter of Electric Locomotives in the world. At the same year, Electric Locomotives was the 518th most exported product in Japan. The main destination of Electric Locomotives exports from Japan are: Bangladesh ($60.1M), Philippines ($404k), Malaysia ($48.2k), Indonesia ($32.6k), and United Kingdom ($15.2k).

The fastest growing export markets for Electric Locomotives of Japan between 2021 and 2022 were Bangladesh ($25.6M), Philippines ($404k), and United Kingdom ($15.2k).

Imports In 2022, Japan imported $236k in Electric Locomotives, becoming the 61st largest importer of Electric Locomotives in the world. At the same year, Electric Locomotives was the 1184th most imported product in Japan. Japan imports Electric Locomotives primarily from: United Kingdom ($129k), Chinese Taipei ($71k), Malaysia ($29.4k), Israel ($6k), and Australia ($531).

The fastest growing import markets in Electric Locomotives for Japan between 2021 and 2022 were United Kingdom ($120k), Chinese Taipei ($71k), and Malaysia ($29.4k).

COMPANIES In 2023, leading companies such as Panasonic (6) were at the forefront of shipping Electric Locomotives from Japan to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Japan's Electric Locomotives exports accounted up to ¥6.12M and imports accounted up to ¥10M, resulting in a negative trade balance of ¥3.89M. Between July 2022 and June 2024 the exports of Japan's   Electric Locomotives have decreased by ¥-995M (-99.4%) from ¥1B to ¥6.12M, while imports increased by ¥10M (N/A%) from ¥0 to ¥10M.

Destinations In June 2024, Electric Locomotives were exported mostly to , and were imported mostly from .

Growth In June 2024, the decrease in Electric Locomotives's year-by-year exports was explained primarily by a decrease in exports to . In January 2024, the increase in Electric Locomotives's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2022 - June 2024)¥-995M(-99.4%)
IMPORT GROWTH (January 2020 - January 2024)¥10M(N/A%)
MAIN EXPORTER (June 2024)Kanagawa¥1.76B
MAIN DESTINATION (June 2024)

This section shows Electric Locomotives'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 Electric Locomotives over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$60.6M
IMPORTS (2022)$236k
NET TRADE (2022)$60.3M

In 2022, Japan exported $60.6M in Electric Locomotives. The main destinations of Japan exports on Electric Locomotives were Bangladesh ($60.1M), Philippines ($404k), Malaysia ($48.2k), Indonesia ($32.6k), and United Kingdom ($15.2k).

In 2022, Japan imported $236k in Electric Locomotives, mainly from United Kingdom ($129k), Chinese Taipei ($71k), Malaysia ($29.4k), Israel ($6k), and Australia ($531).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Locomotives EXPORT MARKETS FOR Japan WERE (2021 - 2022):
Bangladesh$25.6M (74.1%)
Philippines$404k (1%)
United Kingdom$15.2k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Locomotives BY Japan WERE (2021 - 2022):
Chinese Taipei-$184k (-100%)
Saudi Arabia-$25.8k (-100%)
Malaysia-$25.2k (-34.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Japan's main exporting competitors in Electric Locomotives were:
Germany $477M
Italy $208M
China $170M
In 2022, Japan's main importing competitors in Electric Locomotives were:
Spain $190M
Czechia $123M
Austria $112M

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Trade Value of Electric Locomotives by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndonesia+ $95.9k
TOP IMPORT POTENTIALChina+ $1.57k

Electric Locomotives’s highest export potential is Indonesia. With an export gap of $95.9k.   Electric Locomotives’s highest import potential is China with an import gap of $1.57k.

See methodology.

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