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2022
Exports $1.12BWorld Rnk 10 / 184
Flag Rnk 115 / 1213
2022
Destination $20.6M United States
2021 - 2022
FASTEST GROWING MARKET $20.6MChinese Taipei
2022
PRODUCT COMPLEXITY IN Lifting Machinery1.12Rnk 128 / 1025
2022
Imports $465MWorld Rnk 23 / 219
Flag Rnk 241 / 1214
2022
Origin $16.1M China
2021 - 2022
FASTEST GROWING ORIGIN $16.1MUnited States
2022
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $1.12B in Lifting Machinery, making it the 10th largest exporter of Lifting Machinery in the world. At the same year, Lifting Machinery was the 115th most exported product in Japan. The main destination of Lifting Machinery exports from Japan are: United States ($264M), China ($155M), Luxembourg ($123M), Germany ($88M), and Thailand ($69.7M).

The fastest growing export markets for Lifting Machinery of Japan between 2021 and 2022 were Chinese Taipei ($20.6M), Luxembourg ($16.6M), and Belgium ($11.1M).

Imports In 2022, Japan imported $465M in Lifting Machinery, becoming the 23rd largest importer of Lifting Machinery in the world. At the same year, Lifting Machinery was the 241st most imported product in Japan. Japan imports Lifting Machinery primarily from: China ($199M), Germany ($57.2M), United States ($34.7M), United Kingdom ($21.3M), and Chinese Taipei ($21.3M).

The fastest growing import markets in Lifting Machinery for Japan between 2021 and 2022 were United States ($16.1M), United Kingdom ($13.8M), and Germany ($6.45M).

COMPANIES In 2023, leading companies such as Mazda (4), Toshiba (2), and Yokohama Industries (1) were at the forefront of shipping Lifting Machinery from Japan to the United States.

Latest Trends

September 2024

About

Overview In September 2024 Japan's Lifting Machinery exports accounted up to ¥14B and imports accounted up to ¥5.37B, resulting in a positive trade balance of ¥8.63B. Between September 2023 and September 2024 the exports of Japan's   Lifting Machinery have increased by ¥3.42B (32.3%) from ¥10.6B to ¥14B, while imports decreased by ¥-1.1B (-17.1%) from ¥6.47B to ¥5.37B.

Destinations In September 2024, Lifting Machinery were exported mostly to United States (¥7.5B), India (¥1.05B), China (¥812M), Chinese Taipei (¥648M), and Thailand (¥462M), and were imported mostly from China (¥2.45B), Germany (¥1.07B), Poland (¥262M), Turkey (¥223M), and South Korea (¥221M).

Growth In September 2024, the increase in Lifting Machinery's year-by-year exports was explained primarily by an increase in exports to United States (¥2.19B or 234%), Chinese Taipei (¥1.12B or 812%), and Vietnam (¥245M or 146%). In September 2024, the decrease in Lifting Machinery's year-by-year imports was explained primarily by a decrease in imports from United Kingdom (¥-403M or -67.7%), Finland (¥-150M or -74.4%), and Austria (¥-78.3M or -94.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)¥3.42B(32.3%)
IMPORT GROWTH (September 2023 - September 2024)¥-1.1B(-17.1%)
MAIN EXPORTER (September 2024)Aichi¥7.43B
MAIN DESTINATION (September 2024)United States¥7.5B

This section shows Lifting Machinery'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 Lifting Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.12B
IMPORTS (2022)$465M
NET TRADE (2022)$659M

In 2022, Japan exported $1.12B in Lifting Machinery. The main destinations of Japan exports on Lifting Machinery were United States ($264M), China ($155M), Luxembourg ($123M), Germany ($88M), and Thailand ($69.7M).

In 2022, Japan imported $465M in Lifting Machinery, mainly from China ($199M), Germany ($57.2M), United States ($34.7M), United Kingdom ($21.3M), and Chinese Taipei ($21.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Lifting Machinery EXPORT MARKETS FOR Japan WERE (2021 - 2022):
Chinese Taipei$20.6M (50.4%)
Luxembourg$16.6M (15.5%)
Belgium$11.1M (201%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Lifting Machinery BY Japan WERE (2021 - 2022):
United States-$149M (-36%)
China-$72.5M (-31.9%)
Spain-$11.7M (-81.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Japan's main exporting competitors in Lifting Machinery were:
China $6.88B
Germany $5.16B
Italy $2.48B
In 2022, Japan's main importing competitors in Lifting Machinery were:
United States $5.58B
Germany $2.32B
United Kingdom $1.44B

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Trade Value of Lifting Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $43.8M
TOP IMPORT POTENTIALChina+ $61.5M

Lifting Machinery’s highest export potential is United States. With an export gap of $43.8M.   Lifting Machinery’s highest import potential is China with an import gap of $61.5M.

See methodology.

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