HS Icon Machinery Having Individual Functions in  Flag Japan

2019
Exports | Imports
: $20B | $4.29B, World Rnk 1 / 222
Flag Rnk 4 / 1200 | World Rnk 6 / 224
Flag Rnk 22 / 1211

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $59.2M | $101M, Vietnam |  United States

2019
ECONOMIC COMPLEXITY of Japan
: 2.23, Rnk 1 / 147

2019
PRODUCT COMPLEXITY  IN Machinery Having Individual Functions
: 2.05, Rnk 8 / 1029

Exports: In 2019, Japan exported $20B 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 4th most exported product in Japan. The main destination of Machinery Having Individual Functions exports from Japan are: China ($8.5B), United States ($2.6B), Chinese Taipei ($2.15B), South Korea ($1.96B), and Singapore ($555M).

The fastest growing export markets for Machinery Having Individual Functions of Japan between 2018 and 2019 were Vietnam ($59.2M), India ($41.6M), and Chinese Taipei ($33.4M).

Imports: In 2019, Japan imported $4.29B in Machinery Having Individual Functions, becoming the 6th largest importer of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 22nd most imported product in Japan. Japan imports Machinery Having Individual Functions primarily from: United States ($1.28B), China ($752M), South Korea ($591M), Singapore ($348M), and Germany ($297M).

The fastest growing import markets in Machinery Having Individual Functions for Japan between 2018 and 2019 were United States ($101M), Chinese Taipei ($20.3M), and Netherlands ($14.8M).

Latest Trends (May 2021)

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Overview: In May 2021 Japan's Machinery Having Individual Functions exports accounted up to ¥87.9B and imports accounted up to ¥21.6B, resulting in a positive trade balance of ¥66.3B. Between May 2020 and May 2021 the exports of Japan's   Machinery Having Individual Functions have increased by ¥16.5B (23.1%) from ¥71.4B to ¥87.9B, while imports increased by ¥4.9B (29.3%) from ¥16.7B to ¥21.6B.

Destinations: In May 2021, Machinery Having Individual Functions were exported mostly to China (¥40.3B), United States (¥11.5B), South Korea (¥4.41B), Luxembourg (¥4.01B), and Taiwan (¥3.94B), and were imported mostly from China (¥7.73B), United States (¥4.24B), South Korea (¥2.11B), Germany (¥2.03B), and Taiwan (¥1.25B).

Growth: In May 2021, the increase in Machinery Having Individual Functions's year-by-year exports was explained primarily by an increase in exports to China (¥5.59B or 16.1%), United States (¥4.4B or 62.2%), and Luxembourg (¥2.71B or 208%). In May 2021, the increase in Machinery Having Individual Functions's year-by-year imports was explained primarily by an increase in imports from United States (¥2.54B or 149%), China (¥1.33B or 20.8%), and South Korea (¥506M or 31.6%).

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (May 2020 - May 2021): ¥16.5B, (23.1%)

IMPORT GROWTH (May 2020 - May 2021): ¥4.9B, (29.3%)

MAIN EXPORTER (May 2021): Aichi, ¥19.6B

MAIN DESTINATION (May 2021): China, ¥40.3B

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

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Value

EXPORTS (2019): $20B

IMPORTS (2019): $4.29B

NET TRADE (2019): $15.8B

In 2019, Japan exported $20B in Machinery Having Individual Functions. The main destinations of Japan exports on Machinery Having Individual Functions were China ($8.5B), United States ($2.6B), Chinese Taipei ($2.15B), South Korea ($1.96B), and Singapore ($555M).

In 2019, Japan imported $4.29B in Machinery Having Individual Functions, mainly from United States ($1.28B), China ($752M), South Korea ($591M), Singapore ($348M), and Germany ($297M).

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IN 2019, Japan HAD A POSITIVE NET TRADE IN Machinery Having Individual Functions WITH:

IN 2019, Japan HAD A NEGATIVE NET TRADE IN Machinery Having Individual Functions WITH:

Flow

THE FASTEST GROWING Machinery Having Individual Functions EXPORT MARKETS FOR Japan WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Machinery Having Individual Functions BY Japan WERE (2018 - 2019):

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Market Concentration

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Flow
Type

In 2018, Japan's main exporting competitors in Machinery Having Individual Functions were:

In 2018, Japan's main importing competitors in Machinery Having Individual Functions were:

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Tariffs by Country

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In 2018, the tariffs for Machinery Having Individual Functions in the imports of Japan were of 0% around the world.