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2022
Exports $5.17BWorld Rnk 8 / 192
Flag Rnk 30 / 1213
falsefalse United States
2022
PRODUCT COMPLEXITY IN Gas Turbines0.71Rnk 270 / 1025
2022
Imports $4.5BWorld Rnk 9 / 207
Flag Rnk 24 / 1214
2022
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $5.17B in Gas Turbines, making it the 8th largest exporter of Gas Turbines in the world. At the same year, Gas Turbines was the 30th most exported product in Japan. The main destination of Gas Turbines exports from Japan are: United States ($2.02B), Hong Kong ($633M), United Kingdom ($552M), China ($280M), and Thailand ($227M).

Imports In 2022, Japan imported $4.5B in Gas Turbines, becoming the 9th largest importer of Gas Turbines in the world. At the same year, Gas Turbines was the 24th most imported product in Japan. Japan imports Gas Turbines primarily from: United States ($1.65B), United Kingdom ($808M), Singapore ($663M), Hong Kong ($375M), and France ($143M).

The fastest growing import markets in Gas Turbines for Japan between 2021 and 2022 were Singapore ($392M), United Kingdom ($360M), and Hong Kong ($286M).

Latest Trends

October 2024

About

Overview In October 2024 Japan's Gas Turbines exports accounted up to ¥53.4B and imports accounted up to ¥120B, resulting in a negative trade balance of ¥66.9B. Between October 2023 and October 2024 the exports of Japan's   Gas Turbines have decreased by ¥-1.87B (-3.38%) from ¥55.2B to ¥53.4B, while imports increased by ¥20.2B (20.2%) from ¥100B to ¥120B.

Destinations In October 2024, Gas Turbines were exported mostly to United States (¥28.9B), United Kingdom (¥9.72B), China (¥4.23B), Spain (¥1.8B), and Germany (¥1.32B), and were imported mostly from United States (¥80B), United Kingdom (¥22.3B), Germany (¥3.62B), Canada (¥2.22B), and France (¥1.62B).

Growth In October 2024, the decrease in Gas Turbines's year-by-year exports was explained primarily by a decrease in exports to Hong Kong (¥-2.51B or -95%), Saudi Arabia (¥-1.82B or -98%), and United Kingdom (¥-1.41B or -34.6%). In October 2024, the increase in Gas Turbines's year-by-year imports was explained primarily by an increase in imports from United States (¥24.7B or 88%), United Kingdom (¥5.55B or 89.5%), and France (¥895M or 69.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)¥-1.87B(-3.38%)
IMPORT GROWTH (October 2023 - October 2024)¥20.2B(20.2%)
MAIN EXPORTER (October 2024)Hyōgo¥23.9B
MAIN DESTINATION (October 2024)United States¥28.9B

This section shows Gas Turbines'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 Gas Turbines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$5.17B
IMPORTS (2022)$4.5B
NET TRADE (2022)$674M

In 2022, Japan exported $5.17B in Gas Turbines. The main destinations of Japan exports on Gas Turbines were United States ($2.02B), Hong Kong ($633M), United Kingdom ($552M), China ($280M), and Thailand ($227M).

In 2022, Japan imported $4.5B in Gas Turbines, mainly from United States ($1.65B), United Kingdom ($808M), Singapore ($663M), Hong Kong ($375M), and France ($143M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Japan's main exporting competitors in Gas Turbines were:
United States $32.5B
United Kingdom $29.2B
France $13.6B
In 2022, Japan's main importing competitors in Gas Turbines were:
United States $26.2B
United Kingdom $11.5B
China $9.91B

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Trade Value of Gas Turbines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $233M
TOP IMPORT POTENTIALChina+ $103M

Gas Turbines’s highest export potential is China. With an export gap of $233M.   Gas Turbines’s highest import potential is China with an import gap of $103M.

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