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
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).
February 2022
Overview In February 2022 Japan's Metalworking Machines exports accounted up to ¥2.06B and imports accounted up to ¥194M, resulting in a positive trade balance of ¥1.87B. Between February 2021 and February 2022 the exports of Japan's Metalworking Machines have increased by ¥1.07B (107%) from ¥995M to ¥2.06B, while imports decreased by ¥-125M (-39.1%) from ¥319M to ¥194M.
Destinations In February 2022, Metalworking Machines were exported mostly to China (¥561M), South Korea (¥274M), United States (¥235M), India (¥217M), and Taiwan (¥194M), and were imported mostly from China (¥67.2M), Taiwan (¥52.4M), United States (¥33M), Thailand (¥15.9M), and South Korea (¥8.31M).
Growth In February 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 February 2022, the decrease in Metalworking Machines's year-by-year imports was explained primarily by a decrease in imports from Switzerland (¥-373M or -54.3%), Italy (¥-222M or -100%), and Taiwan (¥-123M or -84.9%).
EXPORT GROWTH (February 2021 - February 2022): ¥1.07B, (107%)
IMPORT GROWTH (February 2021 - February 2022): ¥-125M, (-39.1%)
MAIN EXPORTER (February 2022): Hyōgo, ¥796M
MAIN DESTINATION (February 2022): China, ¥561M
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).
IN 2020, Japan HAD A POSITIVE NET TRADE IN Metalworking Machines WITH:
IN 2020, Japan HAD A NEGATIVE NET TRADE IN Metalworking Machines WITH:
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 2019, Japan's main exporting competitors in Metalworking Machines were:
In 2019, Japan's main importing competitors in Metalworking Machines were:
In 2018, the tariffs for Metalworking Machines in the imports of Japan were of 0% around the world.
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