2023
Exports
$34.6BWorld Rnk 1 / 219
Flag Rnk 3 / 1209
2023
PRODUCT COMPLEXITY IN Machinery Having Individual Functions
1.86Rnk 6 / 1025
2023
Imports
$7.44BWorld Rnk 7 / 226
Flag Rnk 16 / 1209
2023
ECONOMIC COMPLEXITY of Japan
2.07Rnk 1 / 132

About

Exports In 2023, Japan exported $34.6B in Machinery Having Individual Functions, making it the 1st largest exporter of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 3rd most exported product in Japan. The main destination of Machinery Having Individual Functions exports from Japan are: China ($14.5B), United States ($4.47B), Chinese Taipei ($4.43B), South Korea ($4.17B), and Singapore ($1B).

The fastest growing export markets for Machinery Having Individual Functions of Japan between 2022 and 2023 were Chinese Taipei ($1.16B), China ($414M), and India ($149M).

Imports In 2023, Japan imported $7.44B in Machinery Having Individual Functions, becoming the 7th largest importer of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 16th most imported product in Japan. Japan imports Machinery Having Individual Functions primarily from: United States ($2.04B), China ($1.11B), Singapore ($945M), South Korea ($741M), and Chinese Taipei ($673M).

The fastest growing import markets in Machinery Having Individual Functions for Japan between 2022 and 2023 were Chinese Taipei ($474M), South Korea ($52.4M), and Germany ($35M).

COMPANIES In 2023, leading companies such as YAMAHA CORPORATION OF AMERICA (42), General Motors (24), and Mazda (6) were at the forefront of shipping Machinery Having Individual Functions from Japan to the United States.

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)¥-4.96B(-5.96%)
IMPORT GROWTH (November 2023 - November 2024)¥1.48B(5.91%)
MAIN EXPORTER (November 2024)Tokyo¥20B
MAIN DESTINATION (November 2024)China¥25.1B

This section shows Machinery Having Individual Functions'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 Machinery Having Individual Functions over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$34.6B
IMPORTS (2023)$7.44B
NET TRADE (2023)$27.2B

In 2023, Japan exported $34.6B in Machinery Having Individual Functions. The main destinations of Japan exports on Machinery Having Individual Functions were China ($14.5B), United States ($4.47B), Chinese Taipei ($4.43B), South Korea ($4.17B), and Singapore ($1B).

In 2023, Japan imported $7.44B in Machinery Having Individual Functions, mainly from United States ($2.04B), China ($1.11B), Singapore ($945M), South Korea ($741M), and Chinese Taipei ($673M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Machinery Having Individual Functions EXPORT MARKETS FOR Japan WERE (2022 - 2023):
Chinese Taipei$1.16B (35.3%)
China$414M (2.94%)
India$149M (74.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Machinery Having Individual Functions BY Japan WERE (2022 - 2023):
South Korea-$1.35B (-24.4%)
United States-$1.06B (-19.2%)
Singapore-$917M (-47.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Japan's main exporting competitors in Machinery Having Individual Functions were:
In 2023, Japan's main importing competitors in Machinery Having Individual Functions were:

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Trade Value of Machinery Having Individual Functions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $216M
TOP IMPORT POTENTIALChina+ $147M

Machinery Having Individual Functions’s highest export potential is United States. With an export gap of $216M.   Machinery Having Individual Functions’s highest import potential is China with an import gap of $147M.

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