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%).