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2022
Exports $835MWorld Rnk 4 / 165
Flag Rnk 140 / 1213
2022
Destination $44.4M China
2021 - 2022
FASTEST GROWING MARKET $44.4MMexico
2022
PRODUCT COMPLEXITY IN Forging Machines1.5Rnk 53 / 1025
2022
Imports $125MWorld Rnk 21 / 211
Flag Rnk 515 / 1214
2022
Origin $5.12M China
2021 - 2022
FASTEST GROWING ORIGIN $5.12MChina
2022
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $835M in Forging Machines, making it the 4th largest exporter of Forging Machines in the world. At the same year, Forging Machines was the 140th most exported product in Japan. The main destination of Forging Machines exports from Japan are: China ($200M), United States ($147M), Mexico ($71.7M), Thailand ($49.2M), and India ($47.5M).

The fastest growing export markets for Forging Machines of Japan between 2021 and 2022 were Mexico ($44.4M), United Kingdom ($21.9M), and Thailand ($13.5M).

Imports In 2022, Japan imported $125M in Forging Machines, becoming the 21st largest importer of Forging Machines in the world. At the same year, Forging Machines was the 515th most imported product in Japan. Japan imports Forging Machines primarily from: China ($39M), Germany ($23.7M), Italy ($12.6M), South Korea ($11.3M), and Chinese Taipei ($9.9M).

The fastest growing import markets in Forging Machines for Japan between 2021 and 2022 were China ($5.12M), South Korea ($3.39M), and Austria ($1.2M).

COMPANIES In 2023, leading companies such as John Deere (7), Mazda (4), and Pirelli Tires (2) were at the forefront of shipping Forging Machines from Japan to the United States.

Latest Trends

September 2024

About

Overview In September 2024 Japan's Forging Machines exports accounted up to ¥6.63B and imports accounted up to ¥1.47B, resulting in a positive trade balance of ¥5.17B. Between September 2023 and September 2024 the exports of Japan's   Forging Machines have decreased by ¥-2.35B (-26.1%) from ¥8.98B to ¥6.63B, while imports increased by ¥81.5M (5.88%) from ¥1.39B to ¥1.47B.

Destinations In September 2024, Forging Machines were exported mostly to India (¥1.38B), United States (¥1.15B), China (¥982M), Poland (¥731M), and Vietnam (¥371M), and were imported mostly from Austria (¥498M), China (¥384M), Chinese Taipei (¥259M), Germany (¥220M), and Italy (¥82.4M).

Growth In September 2024, the decrease in Forging Machines's year-by-year exports was explained primarily by a decrease in exports to China (¥-794M or -70.6%), Vietnam (¥-243M or -32.2%), and Thailand (¥-154M or -53.9%). In September 2024, the increase in Forging Machines's year-by-year imports was explained primarily by an increase in imports from United States (¥104M or 2.33k%), Germany (¥77.7M or 32.1%), and Austria (¥37.7M or 242%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)¥-2.35B(-26.1%)
IMPORT GROWTH (September 2023 - September 2024)¥81.5M(5.88%)
MAIN EXPORTER (September 2024)Kanagawa¥4.67B
MAIN DESTINATION (September 2024)India¥1.38B

This section shows Forging Machines'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 Forging Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$835M
IMPORTS (2022)$125M
NET TRADE (2022)$710M

In 2022, Japan exported $835M in Forging Machines. The main destinations of Japan exports on Forging Machines were China ($200M), United States ($147M), Mexico ($71.7M), Thailand ($49.2M), and India ($47.5M).

In 2022, Japan imported $125M in Forging Machines, mainly from China ($39M), Germany ($23.7M), Italy ($12.6M), South Korea ($11.3M), and Chinese Taipei ($9.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Forging Machines EXPORT MARKETS FOR Japan WERE (2021 - 2022):
Mexico$44.4M (163%)
United Kingdom$21.9M (2.06k%)
Thailand$13.5M (37.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Forging Machines BY Japan WERE (2021 - 2022):
China-$49M (-19.7%)
United States-$23.7M (-13.9%)
South Korea-$22.6M (-33.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Japan's main exporting competitors in Forging Machines were:
China $1.72B
Italy $1.2B
Germany $1.02B
In 2022, Japan's main importing competitors in Forging Machines were:
United States $1.33B
China $825M
Mexico $547M

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Trade Value of Forging Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $12.3M
TOP IMPORT POTENTIALChina+ $13.1M

Forging Machines’s highest export potential is United States. With an export gap of $12.3M.   Forging Machines’s highest import potential is China with an import gap of $13.1M.

See methodology.

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