Electric Motors in Japan 2021 Exports | Imports : $3.86B | $1.85B, World Rnk 4 / 210 Rnk 40 / 1206 | World Rnk 8 / 225 Rnk 72 / 1213
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $313M | $166M, China | China
2021 ECONOMIC COMPLEXITY of Japan: 2.06, Rnk 1 / 131
2021 PRODUCT COMPLEXITY IN Electric Motors: 0.75, Rnk 258 / 1029
Exports In 2021, Japan exported $3.86B in Electric Motors, making it the 4th largest exporter of Electric Motors in the world. At the same year, Electric Motors was the 40th most exported product in Japan. The main destination of Electric Motors exports from Japan are: China ($1.08B), United States ($827M), South Korea ($250M), Chinese Taipei ($215M), and Thailand ($182M).
The fastest growing export markets for Electric Motors of Japan between 2020 and 2021 were China ($313M), United States ($162M), and Chinese Taipei ($78.9M).
Imports In 2021, Japan imported $1.85B in Electric Motors, becoming the 8th largest importer of Electric Motors in the world. At the same year, Electric Motors was the 72nd most imported product in Japan. Japan imports Electric Motors primarily from: China ($883M), Thailand ($179M), Vietnam ($178M), Philippines ($115M), and United States ($70.2M).
The fastest growing import markets in Electric Motors for Japan between 2020 and 2021 were China ($166M), Thailand ($51.2M), and Philippines ($43.6M).
February 2023
Overview In February 2023 Japan's Electric Motors exports accounted up to ¥35.3B and imports accounted up to ¥19B, resulting in a positive trade balance of ¥16.2B. Between February 2022 and February 2023 the exports of Japan's Electric Motors have decreased by ¥-2.23B (-5.94%) from ¥37.5B to ¥35.3B, while imports increased by ¥577M (3.12%) from ¥18.5B to ¥19B.
Destinations In February 2023, Electric Motors were exported mostly to United States (¥7.45B), China (¥7.3B), South Korea (¥2.74B), Taiwan (¥1.87B), and Thailand (¥1.65B), and were imported mostly from China (¥8.96B), Thailand (¥2.11B), Vietnam (¥2B), Philippines (¥1.08B), and United States (¥1.04B).
Growth In February 2023, the decrease in Electric Motors's year-by-year exports was explained primarily by a decrease in exports to Thailand (¥-242M or -14.3%), India (¥-221M or -33.4%), and Saudi Arabia (¥-150M or -93.4%). In February 2023, the increase in Electric Motors's year-by-year imports was explained primarily by an increase in imports from China (¥2.29B or 31.7%), Vietnam (¥1.04B or 53.3%), and Thailand (¥373M or 28.8%).
EXPORT GROWTH (February 2022 - February 2023): ¥-2.23B, (-5.94%)
IMPORT GROWTH (February 2022 - February 2023): ¥577M, (3.12%)
MAIN EXPORTER (February 2023): Aichi, ¥9.93B
MAIN DESTINATION (February 2023): United States, ¥7.45B
This section shows Electric Motors'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 Motors over time.
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EXPORTS (2021): $3.86B
IMPORTS (2021): $1.85B
NET TRADE (2021): $2.01B
In 2021, Japan exported $3.86B in Electric Motors. The main destinations of Japan exports on Electric Motors were China ($1.08B), United States ($827M), South Korea ($250M), Chinese Taipei ($215M), and Thailand ($182M).
In 2021, Japan imported $1.85B in Electric Motors, mainly from China ($883M), Thailand ($179M), Vietnam ($178M), Philippines ($115M), and United States ($70.2M).
THE FASTEST GROWING Electric Motors EXPORT MARKETS FOR Japan WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Motors BY Japan WERE (2020 - 2021):
In 2021, Japan's main exporting competitors in Electric Motors were:
In 2021, Japan's main importing competitors in Electric Motors were:
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