Metalworking Machines in Japan 2020 Exports | Imports : $213M | $64M, World Rnk 3 / 146 Rnk 303 / 1207 | World Rnk 7 / 210 Rnk 641 / 1206
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $3.86M | $3.11M, Vietnam | Austria
2020 ECONOMIC COMPLEXITY of Japan: 2.19, Rnk 1 / 127
2020 PRODUCT COMPLEXITY IN Metalworking Machines: 2.09, Rnk 4 / 1029
Exports In 2020, Japan exported $213M in Metalworking Machines, making it the 3rd largest exporter of Metalworking Machines in the world. At the same year, Metalworking Machines was the 303rd most exported product in Japan. The main destination of Metalworking Machines exports from Japan are: China ($57.3M), United States ($32.3M), India ($25.7M), South Korea ($16.1M), and Thailand ($14.6M).
The fastest growing export markets for Metalworking Machines of Japan between 2019 and 2020 were Vietnam ($3.86M), Poland ($2M), and Mexico ($1.03M).
Imports In 2020, Japan imported $64M in Metalworking Machines, becoming the 7th largest importer of Metalworking Machines in the world. At the same year, Metalworking Machines was the 641st most imported product in Japan. Japan imports Metalworking Machines primarily from: United States ($15.2M), Germany ($13.6M), Switzerland ($8.52M), Chinese Taipei ($6.48M), and China ($5.47M).
The fastest growing import markets in Metalworking Machines for Japan between 2019 and 2020 were Austria ($3.11M), Philippines ($358k), and Vietnam ($221k).
November 2022
Overview In November 2022 Japan's Metalworking Machines exports accounted up to ¥3.15B and imports accounted up to ¥312M, resulting in a positive trade balance of ¥2.84B. Between November 2021 and November 2022 the exports of Japan's Metalworking Machines have increased by ¥885M (39%) from ¥2.27B to ¥3.15B, while imports increased by ¥125M (67.2%) from ¥187M to ¥312M.
Destinations In November 2022, Metalworking Machines were exported mostly to United States (¥844M), China (¥749M), Turkey (¥372M), Thailand (¥213M), and Vietnam (¥197M), and were imported mostly from China (¥171M), United States (¥74.9M), Taiwan (¥34.9M), Turkey (¥11.5M), and France (¥5.89M).
Growth In November 2022, the increase in Metalworking Machines's year-by-year exports was explained primarily by an increase in exports to Taiwan (¥288M or 3.55k%), United States (¥54.7M or 13.9%), and Philippines (¥12.5M or 12.7%). In November 2022, the increase in Metalworking Machines's year-by-year imports was explained primarily by an increase in imports from Germany (¥398M or 162%), United States (¥70.8M or 75.5%), and China (¥9.03M or 20.1%).
EXPORT GROWTH (November 2021 - November 2022): ¥885M, (39%)
IMPORT GROWTH (November 2021 - November 2022): ¥125M, (67.2%)
MAIN EXPORTER (November 2022): Hyōgo, ¥1.36B
MAIN DESTINATION (November 2022): United States, ¥844M
This section shows Metalworking Machines'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 Metalworking Machines over time.
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EXPORTS (2020): $213M
IMPORTS (2020): $64M
NET TRADE (2020): $149M
In 2020, Japan exported $213M in Metalworking Machines. The main destinations of Japan exports on Metalworking Machines were China ($57.3M), United States ($32.3M), India ($25.7M), South Korea ($16.1M), and Thailand ($14.6M).
In 2020, Japan imported $64M in Metalworking Machines, mainly from United States ($15.2M), Germany ($13.6M), Switzerland ($8.52M), Chinese Taipei ($6.48M), and China ($5.47M).
THE FASTEST GROWING Metalworking Machines EXPORT MARKETS FOR Japan WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metalworking Machines BY Japan WERE (2019 - 2020):
In 2020, Japan's main exporting competitors in Metalworking Machines were:
In 2020, Japan's main importing competitors in Metalworking Machines were:
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