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2022
Exports $225MWorld Rnk 12 / 144
Flag Rnk 314 / 1213
2022
Destination $37.9M United States
2021 - 2022
FASTEST GROWING MARKET $37.9MUnited States
2022
PRODUCT COMPLEXITY IN Locomotive Parts0.82Rnk 237 / 1025
2022
Imports $81.8MWorld Rnk 29 / 200
Flag Rnk 618 / 1214
2022
Origin $6.68M China
2021 - 2022
FASTEST GROWING ORIGIN $6.68MUnited States
2022
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $225M in Locomotive Parts, making it the 12th largest exporter of Locomotive Parts in the world. At the same year, Locomotive Parts was the 314th most exported product in Japan. The main destination of Locomotive Parts exports from Japan are: United States ($87.4M), China ($35.5M), South Korea ($21M), Chinese Taipei ($19.8M), and United Arab Emirates ($12.8M).

The fastest growing export markets for Locomotive Parts of Japan between 2021 and 2022 were United States ($37.9M), United Arab Emirates ($11.2M), and South Korea ($8.28M).

Imports In 2022, Japan imported $81.8M in Locomotive Parts, becoming the 29th largest importer of Locomotive Parts in the world. At the same year, Locomotive Parts was the 618th most imported product in Japan. Japan imports Locomotive Parts primarily from: China ($27.2M), Germany ($18.5M), United States ($10M), Australia ($4.72M), and Italy ($4.27M).

The fastest growing import markets in Locomotive Parts for Japan between 2021 and 2022 were United States ($6.68M), Australia ($4.7M), and Italy ($2.75M).

Latest Trends

July 2024

About

Overview In July 2024 Japan's Locomotive Parts exports accounted up to ¥3.22B and imports accounted up to ¥1.03B, resulting in a positive trade balance of ¥2.19B. Between July 2023 and July 2024 the exports of Japan's   Locomotive Parts have increased by ¥685M (27%) from ¥2.54B to ¥3.22B, while imports increased by ¥55.4M (5.66%) from ¥979M to ¥1.03B.

Destinations In July 2024, Locomotive Parts were exported mostly to United States (¥1.27B), Chinese Taipei (¥574M), China (¥547M), Panama (¥297M), and Mexico (¥188M), and were imported mostly from China (¥234M), Germany (¥187M), Italy (¥179M), Czechia (¥113M), and Australia (¥77.3M).

Growth In July 2024, the increase in Locomotive Parts's year-by-year exports was explained primarily by an increase in exports to United States (¥1.19B or 246%), China (¥318M or 80.3%), and Indonesia (¥191M or 2.3k%). In July 2024, the increase in Locomotive Parts's year-by-year imports was explained primarily by an increase in imports from United States (¥61.6M or 148%), China (¥43.2M or 22.7%), and Italy (¥34.6M or 953%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)¥685M(27%)
IMPORT GROWTH (July 2023 - July 2024)¥55.4M(5.66%)
MAIN EXPORTER (July 2024)Hyōgo¥2.36B
MAIN DESTINATION (July 2024)United States¥1.27B

This section shows Locomotive Parts'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 Locomotive Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$225M
IMPORTS (2022)$81.8M
NET TRADE (2022)$143M

In 2022, Japan exported $225M in Locomotive Parts. The main destinations of Japan exports on Locomotive Parts were United States ($87.4M), China ($35.5M), South Korea ($21M), Chinese Taipei ($19.8M), and United Arab Emirates ($12.8M).

In 2022, Japan imported $81.8M in Locomotive Parts, mainly from China ($27.2M), Germany ($18.5M), United States ($10M), Australia ($4.72M), and Italy ($4.27M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Locomotive Parts EXPORT MARKETS FOR Japan WERE (2021 - 2022):
United States$37.9M (76.6%)
United Arab Emirates$11.2M (720%)
South Korea$8.28M (65%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Locomotive Parts BY Japan WERE (2021 - 2022):
China-$25M (-41.3%)
Italy-$3.08M (-38.4%)
United Kingdom-$2.6M (-21.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Japan's main exporting competitors in Locomotive Parts were:
Germany $1.71B
United States $1.59B
China $1.58B
In 2022, Japan's main importing competitors in Locomotive Parts were:
Germany $1.61B
Mexico $1.05B
United States $998M

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Trade Value of Locomotive Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $8.67M
TOP IMPORT POTENTIALChina+ $11.1M

Locomotive Parts’s highest export potential is China. With an export gap of $8.67M.   Locomotive Parts’s highest import potential is China with an import gap of $11.1M.

See methodology.

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