Gas Turbines in Japan 2020 Exports | Imports : $4.35B | $4.89B, World Rnk 8 / 187 Rnk 30 / 1207 | World Rnk 8 / 203 Rnk 20 / 1206
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $122M | $352M, South Korea | United States
2020 ECONOMIC COMPLEXITY of Japan: 2.19, Rnk 1 / 127
2020 PRODUCT COMPLEXITY IN Gas Turbines: 0.72, Rnk 273 / 1029
Exports In 2020, Japan exported $4.35B 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 ($1.72B), United Kingdom ($429M), Singapore ($295M), South Korea ($286M), and Hong Kong ($263M).
The fastest growing export markets for Gas Turbines of Japan between 2019 and 2020 were South Korea ($122M), Turkmenistan ($94.3M), and Vietnam ($65.4M).
Imports In 2020, Japan imported $4.89B in Gas Turbines, becoming the 8th largest importer of Gas Turbines in the world. At the same year, Gas Turbines was the 20th most imported product in Japan. Japan imports Gas Turbines primarily from: United States ($2.31B), Singapore ($1.02B), United Kingdom ($415M), Italy ($160M), and Hong Kong ($148M).
The fastest growing import markets in Gas Turbines for Japan between 2019 and 2020 were United States ($352M), Singapore ($83.9M), and Saudi Arabia ($35.5M).
October 2022
Overview In October 2022 Japan's Gas Turbines exports accounted up to ¥60.3B and imports accounted up to ¥68.3B, resulting in a negative trade balance of ¥8.05B. Between October 2021 and October 2022 the exports of Japan's Gas Turbines have increased by ¥23.8B (65.3%) from ¥36.5B to ¥60.3B, while imports increased by ¥26.2B (62%) from ¥42.2B to ¥68.3B.
Destinations In October 2022, Gas Turbines were exported mostly to United States (¥27.8B), Thailand (¥7.8B), China (¥7.75B), United Kingdom (¥7.05B), and Uzbekistan (¥2.7B), and were imported mostly from United States (¥45.7B), United Kingdom (¥11.6B), Germany (¥1.97B), Hungary (¥1.07B), and Canada (¥976M).
Growth In October 2022, the increase in Gas Turbines's year-by-year exports was explained primarily by an increase in exports to Saudi Arabia (¥398M or 25%), Australia (¥235M or 18k%), and Philippines (¥164M or 78.2k%). In October 2022, the increase in Gas Turbines's year-by-year imports was explained primarily by an increase in imports from United States (¥1.56B or 5.26%), Canada (¥457M or 269%), and Switzerland (¥208M or 121%).
EXPORT GROWTH (October 2021 - October 2022): ¥23.8B, (65.3%)
IMPORT GROWTH (October 2021 - October 2022): ¥26.2B, (62%)
MAIN EXPORTER (October 2022): Hyōgo, ¥22B
MAIN DESTINATION (October 2022): United States, ¥27.8B
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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EXPORTS (2020): $4.35B
IMPORTS (2020): $4.89B
NET TRADE (2020): -$542M
In 2020, Japan exported $4.35B in Gas Turbines. The main destinations of Japan exports on Gas Turbines were United States ($1.72B), United Kingdom ($429M), Singapore ($295M), South Korea ($286M), and Hong Kong ($263M).
In 2020, Japan imported $4.89B in Gas Turbines, mainly from United States ($2.31B), Singapore ($1.02B), United Kingdom ($415M), Italy ($160M), and Hong Kong ($148M).
THE FASTEST GROWING Gas Turbines EXPORT MARKETS FOR Japan WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gas Turbines BY Japan WERE (2019 - 2020):
In 2020, Japan's main exporting competitors in Gas Turbines were:
In 2020, Japan's main importing competitors in Gas Turbines were:
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