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Exports In 2022, Japan exported $679k in Formic acid, making it the 20th largest exporter of Formic acid in the world. At the same year, Formic acid was the 3451st most exported product in Japan. The main destination of Formic acid exports from Japan are: Chinese Taipei ($280k), Malaysia ($158k), South Korea ($53.1k), Philippines ($46.7k), and Indonesia ($46.3k).

The fastest growing export markets for Formic acid of Japan between 2021 and 2022 were Chinese Taipei ($182k), Philippines ($41.1k), and Vietnam ($18.9k).

Imports In 2022, Japan imported $11.9M in Formic acid, becoming the 13th largest importer of Formic acid in the world. At the same year, Formic acid was the 2528th most imported product in Japan. Japan imports Formic acid primarily from: China ($11.7M), Germany ($181k), France ($8.22k), Chinese Taipei ($7.88k), and United States ($5.66k).

The fastest growing import markets in Formic acid for Japan between 2021 and 2022 were China ($5.97M), France ($3.86k), and Netherlands ($77).

COMPANIES In 2023, leading companies such as Kubota (7.96k), Toyota (3.5k), and Wismettac Asian Foods (2.45k) were at the forefront of shipping Formic acid from Japan to the United States.

Latest Trends

June 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - June 2024)¥-54k(-20.2%)
IMPORT GROWTH (June 2023 - June 2024)¥61.4M(163%)
MAIN EXPORTER (June 2024)Tokyo¥2.7M
MAIN DESTINATION (June 2024)South Korea¥213k

This section shows Formic acid'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 Formic acid over time.

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Unit Prices

Flow
Value

The following visualization shows the unit prices for Formic acid throughout time. Products without a clear unit are excluded.

Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$679k
IMPORTS (2022)$11.9M
NET TRADE (2022)-$11.2M

In 2022, Japan exported $679k in Formic acid. The main destinations of Japan exports on Formic acid were Chinese Taipei ($280k), Malaysia ($158k), South Korea ($53.1k), Philippines ($46.7k), and Indonesia ($46.3k).

In 2022, Japan imported $11.9M in Formic acid, mainly from China ($11.7M), Germany ($181k), France ($8.22k), Chinese Taipei ($7.88k), and United States ($5.66k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Formic acid EXPORT MARKETS FOR Japan WERE (2021 - 2022):
Chinese Taipei$182k (186%)
Philippines$41.1k (739%)
Vietnam$18.9k (136%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Formic acid BY Japan WERE (2021 - 2022):
Poland-$431k (-100%)
Malaysia-$166k (-51.3%)
Thailand-$40.9k (-54%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Formic acid by Exporters

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