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2022
Exports $227MWorld Rnk 3 / 160
Flag Rnk 312 / 1213
2022
Destination $15.5M China
2021 - 2022
FASTEST GROWING MARKET $15.5MIndia
2022
PRODUCT COMPLEXITY IN Metalworking Machines1.92Rnk 9 / 1025
2022
Imports $40.4MWorld Rnk 17 / 212
Flag Rnk 780 / 1214
2022
Origin $2.01M Germany
2021 - 2022
FASTEST GROWING ORIGIN $2.01MVietnam
2022
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $227M in Metalworking Machines, making it the 3rd largest exporter of Metalworking Machines in the world. At the same year, Metalworking Machines was the 312th most exported product in Japan. The main destination of Metalworking Machines exports from Japan are: China ($70.7M), United States ($38.4M), India ($28.3M), Chinese Taipei ($15.6M), and South Korea ($13.9M).

The fastest growing export markets for Metalworking Machines of Japan between 2021 and 2022 were India ($15.5M), Thailand ($5.71M), and Turkey ($5.06M).

Imports In 2022, Japan imported $40.4M in Metalworking Machines, becoming the 17th largest importer of Metalworking Machines in the world. At the same year, Metalworking Machines was the 780th most imported product in Japan. Japan imports Metalworking Machines primarily from: Germany ($7.77M), China ($7.49M), Switzerland ($6.24M), Chinese Taipei ($5.94M), and United States ($5.24M).

The fastest growing import markets in Metalworking Machines for Japan between 2021 and 2022 were Vietnam ($2.01M), Chinese Taipei ($1.11M), and South Korea ($695k).

Latest Trends

August 2024

About

Overview In August 2024 Japan's Metalworking Machines exports accounted up to ¥2.04B and imports accounted up to ¥386M, resulting in a positive trade balance of ¥1.65B. Between August 2023 and August 2024 the exports of Japan's   Metalworking Machines have decreased by ¥-475M (-18.9%) from ¥2.51B to ¥2.04B, while imports increased by ¥227M (143%) from ¥159M to ¥386M.

Destinations In August 2024, Metalworking Machines were exported mostly to China (¥847M), India (¥363M), United States (¥255M), Vietnam (¥128M), and Turkey (¥117M), and were imported mostly from Germany (¥211M), China (¥77.9M), Chinese Taipei (¥61.4M), Thailand (¥13.4M), and Italy (¥9.7M).

Growth In August 2024, the decrease in Metalworking Machines's year-by-year exports was explained primarily by a decrease in exports to China (¥-134M or -27.8%), Chinese Taipei (¥-76.7M or -57.2%), and India (¥-48.1M or -61.9%). In August 2024, the increase in Metalworking Machines's year-by-year imports was explained primarily by an increase in imports from United States (¥369M or 1.81k%), Germany (¥241M or 216%), and Switzerland (¥132M or 76.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)¥-475M(-18.9%)
IMPORT GROWTH (August 2023 - August 2024)¥227M(143%)
MAIN EXPORTER (August 2024)Aichi¥1.36B
MAIN DESTINATION (August 2024)China¥847M

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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Historical Data

Trade Balance

Color
EXPORTS (2022)$227M
IMPORTS (2022)$40.4M
NET TRADE (2022)$187M

In 2022, Japan exported $227M in Metalworking Machines. The main destinations of Japan exports on Metalworking Machines were China ($70.7M), United States ($38.4M), India ($28.3M), Chinese Taipei ($15.6M), and South Korea ($13.9M).

In 2022, Japan imported $40.4M in Metalworking Machines, mainly from Germany ($7.77M), China ($7.49M), Switzerland ($6.24M), Chinese Taipei ($5.94M), and United States ($5.24M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Metalworking Machines EXPORT MARKETS FOR Japan WERE (2021 - 2022):
India$15.5M (121%)
Thailand$5.71M (78.9%)
Turkey$5.06M (2.65k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metalworking Machines BY Japan WERE (2021 - 2022):
China-$10.3M (-12.8%)
United States-$3.38M (-8.1%)
Philippines-$3.31M (-42.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Japan's main exporting competitors in Metalworking Machines were:
Germany $667M
China $394M
In 2022, Japan's main importing competitors in Metalworking Machines were:
China $488M
United States $272M
India $115M

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Trade Value of Metalworking Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $4.49M
TOP IMPORT POTENTIALChina+ $3.22M

Metalworking Machines’s highest export potential is China. With an export gap of $4.49M.   Metalworking Machines’s highest import potential is China with an import gap of $3.22M.

See methodology.

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