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2023
Exports $1.84BWorld Rnk 1 / 131
Flag Rnk 77 / 1209
2023
Destination $36.4M United States
2022 - 2023
FASTEST GROWING MARKET $36.4MTurkey
2023
PRODUCT COMPLEXITY IN Metal Lathes1.73Rnk 21 / 1025
2023
Imports $170MWorld Rnk 12 / 190
Flag Rnk 411 / 1209
2023
Origin $13.2M China
2022 - 2023
FASTEST GROWING ORIGIN $13.2MPhilippines
2023
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 132

About

Exports In 2023, Japan exported $1.84B in Metal Lathes, making it the 1st largest exporter of Metal Lathes in the world. At the same year, Metal Lathes was the 77th most exported product in Japan. The main destination of Metal Lathes exports from Japan are: United States ($569M), China ($141M), Germany ($141M), Netherlands ($104M), and Turkey ($98.1M).

The fastest growing export markets for Metal Lathes of Japan between 2022 and 2023 were Turkey ($36.4M), Netherlands ($31.6M), and United States ($18.9M).

Imports In 2023, Japan imported $170M in Metal Lathes, becoming the 12th largest importer of Metal Lathes in the world. At the same year, Metal Lathes was the 411th most imported product in Japan. Japan imports Metal Lathes primarily from: China ($78.6M), Thailand ($45.1M), Philippines ($22.8M), South Korea ($6.16M), and Singapore ($5.9M).

The fastest growing import markets in Metal Lathes for Japan between 2022 and 2023 were Philippines ($13.2M), Italy ($1.65M), and Netherlands ($563k).

Latest Trends

November 2024

About

Overview In November 2024 Japan's Metal Lathes exports accounted up to ¥15.5B and imports accounted up to ¥1.58B, resulting in a positive trade balance of ¥13.9B. Between November 2023 and November 2024 the exports of Japan's   Metal Lathes have decreased by ¥-314M (-1.99%) from ¥15.8B to ¥15.5B, while imports decreased by ¥-110M (-6.52%) from ¥1.69B to ¥1.58B.

Destinations In November 2024, Metal Lathes were exported mostly to United States (¥6.18B), Thailand (¥1.16B), China (¥1.08B), Germany (¥874M), and India (¥703M), and were imported mostly from China (¥602M), Thailand (¥528M), Philippines (¥118M), Germany (¥118M), and Singapore (¥95M).

Growth In November 2024, the decrease in Metal Lathes's year-by-year exports was explained primarily by a decrease in exports to Thailand (¥-340M or -46.3%), Chinese Taipei (¥-126M or -52.2%), and Mexico (¥-123M or -30.1%). In November 2024, the decrease in Metal Lathes's year-by-year imports was explained primarily by a decrease in imports from South Korea (¥-95.2M or -41%), Thailand (¥-55.7M or -10.4%), and Philippines (¥-27.9M or -27.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)¥-314M(-1.99%)
IMPORT GROWTH (November 2023 - November 2024)¥-110M(-6.52%)
MAIN EXPORTER (November 2024)Aichi¥15.4B
MAIN DESTINATION (November 2024)United States¥6.18B

This section shows Metal Lathes'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 Metal Lathes over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.84B
IMPORTS (2023)$170M
NET TRADE (2023)$1.67B

In 2023, Japan exported $1.84B in Metal Lathes. The main destinations of Japan exports on Metal Lathes were United States ($569M), China ($141M), Germany ($141M), Netherlands ($104M), and Turkey ($98.1M).

In 2023, Japan imported $170M in Metal Lathes, mainly from China ($78.6M), Thailand ($45.1M), Philippines ($22.8M), South Korea ($6.16M), and Singapore ($5.9M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Metal Lathes EXPORT MARKETS FOR Japan WERE (2022 - 2023):
Turkey$36.4M (59%)
Netherlands$31.6M (43.9%)
United States$18.9M (3.43%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metal Lathes BY Japan WERE (2022 - 2023):
Chinese Taipei-$23.6M (-44.3%)
China-$15.7M (-10%)
Thailand-$13.5M (-23.7%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Japan's main exporting competitors in Metal Lathes were:
South Korea $1.02B
China $1.01B
In 2023, Japan's main importing competitors in Metal Lathes were:
United States $1.22B
China $661M
Germany $590M

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Trade Value of Metal Lathes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $21.1M
TOP IMPORT POTENTIALSouth Korea+ $6.85M

Metal Lathes’s highest export potential is China. With an export gap of $21.1M.   Metal Lathes’s highest import potential is South Korea with an import gap of $6.85M.

See methodology.

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