2022
Exports
$2.71BWorld Rnk 5 / 221
Flag Rnk 62 / 1213
2022
PRODUCT COMPLEXITY IN Excavation Machinery
0.96Rnk 185 / 1025
2022
Imports
$2.75BWorld Rnk 4 / 224
Flag Rnk 43 / 1214
2022
ECONOMIC COMPLEXITY of Japan
2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $2.71B in Excavation Machinery, making it the 5th largest exporter of Excavation Machinery in the world. At the same year, Excavation Machinery was the 62nd most exported product in Japan. The main destination of Excavation Machinery exports from Japan are: United States ($780M), Indonesia ($305M), China ($294M), Australia ($154M), and Thailand ($114M).

The fastest growing export markets for Excavation Machinery of Japan between 2021 and 2022 were Indonesia ($81.9M), United States ($59.6M), and Belgium ($20.9M).

Imports In 2022, Japan imported $2.75B in Excavation Machinery, becoming the 4th largest importer of Excavation Machinery in the world. At the same year, Excavation Machinery was the 43rd most imported product in Japan. Japan imports Excavation Machinery primarily from: China ($1.83B), South Korea ($326M), Indonesia ($94.6M), United States ($89.8M), and Vietnam ($78.2M).

The fastest growing import markets in Excavation Machinery for Japan between 2021 and 2022 were China ($184M), Indonesia ($35.3M), and United States ($14M).

COMPANIES In 2023, leading companies such as Kubota (53), CNH Industrial (11), and John Deere (4) were at the forefront of shipping Excavation Machinery from Japan to the United States.

Latest Trends

June 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)¥847M(3.26%)
IMPORT GROWTH (June 2023 - June 2024)¥-2.31B(-7.41%)
MAIN EXPORTER (June 2024)Ibaraki¥4.81B
MAIN DESTINATION (June 2024)United States¥8.99B

This section shows Excavation Machinery'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 Excavation Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.71B
IMPORTS (2022)$2.75B
NET TRADE (2022)-$40.4M

In 2022, Japan exported $2.71B in Excavation Machinery. The main destinations of Japan exports on Excavation Machinery were United States ($780M), Indonesia ($305M), China ($294M), Australia ($154M), and Thailand ($114M).

In 2022, Japan imported $2.75B in Excavation Machinery, mainly from China ($1.83B), South Korea ($326M), Indonesia ($94.6M), United States ($89.8M), and Vietnam ($78.2M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Excavation Machinery EXPORT MARKETS FOR Japan WERE (2021 - 2022):
Indonesia$81.9M (36.7%)
United States$59.6M (8.28%)
Belgium$20.9M (97.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Excavation Machinery BY Japan WERE (2021 - 2022):
China-$69.5M (-19.1%)
Chinese Taipei-$65.6M (-58.1%)
Russia-$26.8M (-29.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Japan's main exporting competitors in Excavation Machinery were:
In 2022, Japan's main importing competitors in Excavation Machinery were:

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Trade Value of Excavation Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $83.3M
TOP IMPORT POTENTIALUnited States+ $55.9M

Excavation Machinery’s highest export potential is China. With an export gap of $83.3M.   Excavation Machinery’s highest import potential is United States with an import gap of $55.9M.

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