Hot-Rolled Iron in Japan 2021 Exports | Imports : $10.9B | $1.21B, World Rnk 1 / 153 Rnk 8 / 1206 | World Rnk 18 / 212 Rnk 118 / 1213
2021 ECONOMIC COMPLEXITY of Japan: 2.06, Rnk 1 / 131
2021 PRODUCT COMPLEXITY IN Hot-Rolled Iron: 0.5, Rnk 368 / 1024
Exports In 2021, Japan exported $10.9B in Hot-Rolled Iron, making it the 1st largest exporter of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 8th most exported product in Japan. The main destination of Hot-Rolled Iron exports from Japan are: South Korea ($1.9B), Thailand ($1.57B), China ($1.37B), Vietnam ($771M), and Indonesia ($498M).
Imports In 2021, Japan imported $1.21B in Hot-Rolled Iron, becoming the 18th largest importer of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 118th most imported product in Japan. Japan imports Hot-Rolled Iron primarily from: South Korea ($827M), Chinese Taipei ($321M), China ($52.6M), India ($9.41M), and United States ($957k).
The fastest growing import markets in Hot-Rolled Iron for Japan between 2020 and 2021 were South Korea ($238M), Chinese Taipei ($48.9M), and China ($45.5M).
May 2023
Overview In May 2023 Japan's Hot-Rolled Iron exports accounted up to ¥146B and imports accounted up to ¥17B, resulting in a positive trade balance of ¥129B. Between May 2022 and May 2023 the exports of Japan's Hot-Rolled Iron have decreased by ¥-14.2B (-8.91%) from ¥160B to ¥146B, while imports increased by ¥2.28B (15.6%) from ¥14.7B to ¥17B.
Destinations In May 2023, Hot-Rolled Iron were exported mostly to South Korea (¥22.3B), Thailand (¥15.7B), China (¥12B), Mexico (¥9.54B), and Vietnam (¥9.37B), and were imported mostly from South Korea (¥10.7B), Taiwan (¥4.4B), China (¥1.83B), Vietnam (¥19.9M), and Canada (¥6.57M).
Growth In May 2023, the decrease in Hot-Rolled Iron's year-by-year exports was explained primarily by a decrease in exports to Mexico (¥-1.16B or -32.7%), Malaysia (¥-1.12B or -47%), and Vietnam (¥-1.06B or -13.2%). In May 2023, the increase in Hot-Rolled Iron's year-by-year imports was explained primarily by an increase in imports from South Korea (¥5.96B or 97.6%), Taiwan (¥1.52B or 61.3%), and China (¥637M or 18.5k%).
EXPORT GROWTH (May 2022 - May 2023): ¥-14.2B, (-8.91%)
IMPORT GROWTH (May 2022 - May 2023): ¥2.28B, (15.6%)
MAIN EXPORTER (May 2023): Ōita, ¥42.2B
MAIN DESTINATION (May 2023): South Korea, ¥22.3B
This section shows Hot-Rolled Iron'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 Hot-Rolled Iron over time.
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EXPORTS (2021): $10.9B
IMPORTS (2021): $1.21B
NET TRADE (2021): $9.64B
In 2021, Japan exported $10.9B in Hot-Rolled Iron. The main destinations of Japan exports on Hot-Rolled Iron were South Korea ($1.9B), Thailand ($1.57B), China ($1.37B), Vietnam ($771M), and Indonesia ($498M).
In 2021, Japan imported $1.21B in Hot-Rolled Iron, mainly from South Korea ($827M), Chinese Taipei ($321M), China ($52.6M), India ($9.41M), and United States ($957k).
In 2021, Japan's main exporting competitors in Hot-Rolled Iron were:
In 2021, Japan's main importing competitors in Hot-Rolled Iron were:
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