Motor vehicles; parts and accessories (8701 to 8705) in Japan | The Observatory of Economic Complexity

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Exports In 2022, Japan exported $30.6B in Motor vehicles; parts and accessories (8701 to 8705), making it the 5th largest exporter of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 4th most exported product in Japan. The main destination of Motor vehicles; parts and accessories (8701 to 8705) exports from Japan are: United States ($7.72B), China ($4.61B), Thailand ($2.51B), Indonesia ($1.81B), and Belgium ($1.48B).

The fastest growing export markets for Motor vehicles; parts and accessories (8701 to 8705) of Japan between 2021 and 2022 were Indonesia ($329M), United States ($227M), and Sweden ($204M).

Imports In 2022, Japan imported $7.93B in Motor vehicles; parts and accessories (8701 to 8705), becoming the 15th largest importer of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 15th most imported product in Japan. Japan imports Motor vehicles; parts and accessories (8701 to 8705) primarily from: China ($3.38B), Thailand ($831M), Germany ($501M), South Korea ($447M), and United States ($423M).

The fastest growing import markets in Motor vehicles; parts and accessories (8701 to 8705) for Japan between 2021 and 2022 were India ($72.8M), China ($66.8M), and Thailand ($43.5M).

COMPANIES In 2023, leading companies such as Brose Mechatronic Systems (878), Mazda (310), and Kubota (303) were at the forefront of shipping Motor vehicles; parts and accessories (8701 to 8705) from Japan to the United States.

Latest Trends

August 2024

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Overview In August 2024 Japan's Motor vehicles; parts and accessories (8701 to 8705) exports accounted up to ¥308B and imports accounted up to ¥95.6B, resulting in a positive trade balance of ¥212B. Between August 2023 and August 2024 the exports of Japan's Motor vehicles; parts and accessories (8701 to 8705) have decreased by ¥-576M (-0.19%) from ¥309B to ¥308B, while imports decreased by ¥-1.56B (-1.61%) from ¥97.1B to ¥95.6B.

Destinations In August 2024, Motor vehicles; parts and accessories (8701 to 8705) were exported mostly to United States (¥87.6B), China (¥37.4B), Thailand (¥23.7B), Mexico (¥18.7B), and Indonesia (¥16.1B), and were imported mostly from China (¥43.5B), Thailand (¥10.6B), Vietnam (¥6.03B), Indonesia (¥4.96B), and Germany (¥4.8B).

Growth In August 2024, the decrease in Motor vehicles; parts and accessories (8701 to 8705)'s year-by-year exports was explained primarily by a decrease in exports to China (¥-31.3B or -64.6%), Belgium (¥-13.9B or -77.8%), and Russia (¥-7.61B or -90.8%). In August 2024, the decrease in Motor vehicles; parts and accessories (8701 to 8705)'s year-by-year imports was explained primarily by a decrease in imports from Mexico (¥-465M or -12.4%), Netherlands (¥-295M or -76%), and Spain (¥-270M or -21.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2023 - August 2024)¥-576M(-0.19%)

IMPORT GROWTH (August 2023 - August 2024)¥-1.56B(-1.61%)

MAIN EXPORTER (August 2024)Aichi¥197B

MAIN DESTINATION (August 2024)United States¥87.6B

This section shows Motor vehicles; parts and accessories (8701 to 8705)'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 Motor vehicles; parts and accessories (8701 to 8705) over time.

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