Machinery Having Individual Functions in Japan | The Observatory of Economic Complexity

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Exports In 2022, Japan exported $38.5B 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 2nd most exported product in Japan. The main destination of Machinery Having Individual Functions exports from Japan are: China ($13.1B), Chinese Taipei ($6.27B), United States ($5.82B), South Korea ($5.44B), and Singapore ($1.66B).

The fastest growing export markets for Machinery Having Individual Functions of Japan between 2021 and 2022 were China ($3.63B), Chinese Taipei ($3.59B), and South Korea ($3.5B).

Imports In 2022, Japan imported $7.49B 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 ($2.45B), China ($1.06B), Singapore ($1.05B), Netherlands ($773M), and South Korea ($667M).

The fastest growing import markets in Machinery Having Individual Functions for Japan between 2021 and 2022 were United States ($1.38B), Singapore ($629M), and Netherlands ($514M).

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

September 2024

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Overview In September 2024 Japan's Machinery Having Individual Functions exports accounted up to ¥83B and imports accounted up to ¥29.5B, resulting in a positive trade balance of ¥53.5B. Between September 2023 and September 2024 the exports of Japan's Machinery Having Individual Functions have decreased by ¥-1.41B (-1.67%) from ¥84.4B to ¥83B, while imports increased by ¥3.52B (13.5%) from ¥26B to ¥29.5B.

Destinations In September 2024, Machinery Having Individual Functions were exported mostly to China (¥23.8B), United States (¥16.3B), South Korea (¥5.66B), India (¥4.47B), and Vietnam (¥4.4B), and were imported mostly from China (¥13.4B), United States (¥3B), Germany (¥2.66B), South Korea (¥2.1B), and Chinese Taipei (¥1.16B).

Growth In September 2024, the decrease in Machinery Having Individual Functions's year-by-year exports was explained primarily by a decrease in exports to Brazil (¥-1.7B or -85.4%), Thailand (¥-1.02B or -28.7%), and Singapore (¥-559M or -33.9%). In September 2024, the increase in Machinery Having Individual Functions's year-by-year imports was explained primarily by an increase in imports from Germany (¥1.28B or 52.9%), Canada (¥788M or 773%), and Chinese Taipei (¥657M or 57.4%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (September 2023 - September 2024)¥-1.41B(-1.67%)

IMPORT GROWTH (September 2023 - September 2024)¥3.52B(13.5%)

MAIN EXPORTER (September 2024)Tokyo¥20B

MAIN DESTINATION (September 2024)China¥23.8B

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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