2023
Exports
$11.9BWorld Rnk 5 / 226
Flag Rnk 14 / 96
2023
PRODUCT COMPLEXITY IN Iron or steel articles
1.67Rnk 25 / 1025
2023
Imports
$7.63BWorld Rnk 11 / 226
Flag Rnk 21 / 96
2023
ECONOMIC COMPLEXITY of Japan
2.07Rnk 1 / 132

About

Exports In 2023, Japan exported $11.9B in Iron or steel articles, making it the 5th largest exporter of Iron or steel articles in the world. At the same year, Iron or steel articles was the 14th most exported product in Japan. The main destination of Iron or steel articles exports from Japan are: United States ($2B), China ($1.85B), Thailand ($1.21B), Indonesia ($556M), and South Korea ($527M).

The fastest growing export markets for Iron or steel articles of Japan between 2022 and 2023 were United Kingdom ($123M), India ($116M), and Mexico ($99.2M).

Imports In 2023, Japan imported $7.63B in Iron or steel articles, becoming the 11th largest importer of Iron or steel articles in the world. At the same year, Iron or steel articles was the 21st most imported product in Japan. Japan imports Iron or steel articles primarily from: China ($4.18B), South Korea ($767M), Chinese Taipei ($478M), Vietnam ($459M), and United States ($401M).

The fastest growing import markets in Iron or steel articles for Japan between 2022 and 2023 were Italy ($14.7M), Germany ($11.8M), and India ($6.47M).

COMPANIES In 2023, leading companies such as CONTINENTAL AUTOMOTIVE SYSTEMS, INC (165), Magna International (27), and Schaeffler Group (17) were at the forefront of shipping Iron or steel articles from Japan to the United States.

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)¥838M(0.72%)
IMPORT GROWTH (November 2023 - November 2024)¥-793M(-0.87%)
MAIN EXPORTER (November 2024)Aichi¥31.1B
MAIN DESTINATION (November 2024)United States¥23.3B

This section shows Iron or steel articles'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 Iron or steel articles over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$11.9B
IMPORTS (2023)$7.63B
NET TRADE (2023)$4.3B

In 2023, Japan exported $11.9B in Iron or steel articles. The main destinations of Japan exports on Iron or steel articles were United States ($2B), China ($1.85B), Thailand ($1.21B), Indonesia ($556M), and South Korea ($527M).

In 2023, Japan imported $7.63B in Iron or steel articles, mainly from China ($4.18B), South Korea ($767M), Chinese Taipei ($478M), Vietnam ($459M), and United States ($401M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron or steel articles EXPORT MARKETS FOR Japan WERE (2022 - 2023):
United Kingdom$123M (115%)
India$116M (41%)
Mexico$99.2M (27%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron or steel articles BY Japan WERE (2022 - 2023):
China-$238M (-11.4%)
Mauritania-$238M (-98.5%)
South Korea-$174M (-24.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Japan's main exporting competitors in Iron or steel articles were:
In 2023, Japan's main importing competitors in Iron or steel articles were:

Explore Visualizations

Trade Value of Iron or steel articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $272M
TOP IMPORT POTENTIALChina+ $727M

Iron or steel articles’s highest export potential is United States. With an export gap of $272M.   Iron or steel articles’s highest import potential is China with an import gap of $727M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with