Motor vehicles; parts and accessories (8701 to 8705) in Japan | OEC

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Exports In 2020, Japan exported $28B in Motor vehicles; parts and accessories (8701 to 8705), making it the 4th 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 3rd most exported product in Japan. The main destination of Motor vehicles; parts and accessories (8701 to 8705) exports from Japan are: United States ($6.09B), China ($6.04B), Thailand ($2.03B), Belgium ($1.74B), and Mexico ($1.42B).

The fastest growing export markets for Motor vehicles; parts and accessories (8701 to 8705) of Japan between 2019 and 2020 were Belgium ($85.1M), Italy ($19.7M), and Nigeria ($15.7M).

Imports In 2020, Japan imported $6.64B in Motor vehicles; parts and accessories (8701 to 8705), becoming the 14th 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 ($2.55B), Thailand ($752M), Germany ($532M), South Korea ($453M), and Vietnam ($350M).

The fastest growing import markets in Motor vehicles; parts and accessories (8701 to 8705) for Japan between 2019 and 2020 were United Arab Emirates ($47.9M), France ($14.8M), and Poland ($4.93M).

Latest Trends

December 2022

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Overview In December 2022 Japan's Motor vehicles; parts and accessories (8701 to 8705) exports accounted up to ¥324B and imports accounted up to ¥83.7B, resulting in a positive trade balance of ¥240B. Between December 2021 and December 2022 the exports of Japan's Motor vehicles; parts and accessories (8701 to 8705) have increased by ¥5.06B (1.59%) from ¥319B to ¥324B, while imports increased by ¥15.5B (22.7%) from ¥68.2B to ¥83.7B.

Destinations In December 2022, Motor vehicles; parts and accessories (8701 to 8705) were exported mostly to United States (¥84.6B), China (¥38.3B), Thailand (¥32.6B), Indonesia (¥22.9B), and Mexico (¥20.5B), and were imported mostly from China (¥36.4B), Thailand (¥8.54B), Germany (¥6.59B), Vietnam (¥4.88B), and South Korea (¥4.39B).

Growth In December 2022, the increase in Motor vehicles; parts and accessories (8701 to 8705)'s year-by-year exports was explained primarily by an increase in exports to Indonesia (¥8.15B or 115%), China (¥3.15B or 6.95%), and Russia (¥1.98B or 30.4%). In December 2022, the increase in Motor vehicles; parts and accessories (8701 to 8705)'s year-by-year imports was explained primarily by an increase in imports from China (¥6.03B or 22%), Mexico (¥2B or 114%), and Germany (¥1.28B or 28.5%).

Subnational Monthly Trade

Time Scale

Flow

Value

EXPORT GROWTH (December 2021 - December 2022): ¥5.06B, (1.59%)

IMPORT GROWTH (December 2021 - December 2022): ¥15.5B, (22.7%)

MAIN DESTINATION (December 2022): United States, ¥84.6B

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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Historical Data

Trade Balance

Value

Compare to

Year

EXPORTS (2020): $28B

IMPORTS (2020): $6.64B

NET TRADE (2020): $21.3B

In 2020, Japan exported $28B in Motor vehicles; parts and accessories (8701 to 8705). The main destinations of Japan exports on Motor vehicles; parts and accessories (8701 to 8705) were United States ($6.09B), China ($6.04B), Thailand ($2.03B), Belgium ($1.74B), and Mexico ($1.42B).

In 2020, Japan imported $6.64B in Motor vehicles; parts and accessories (8701 to 8705), mainly from China ($2.55B), Thailand ($752M), Germany ($532M), South Korea ($453M), and Vietnam ($350M).

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Market Growth

Flow

StartingEnding

THE FASTEST GROWING Motor vehicles; parts and accessories (8701 to 8705) EXPORT MARKETS FOR Japan WERE (2019 - 2020):

Belgium, $85.1M (5.16%)
Italy, $19.7M (22.3%)
Nigeria, $15.7M (83.1%)

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motor vehicles; parts and accessories (8701 to 8705) BY Japan WERE (2019 - 2020):

United States, -$1.4B (-18.7%)
Indonesia, -$855M (-52.9%)
Thailand, -$675M (-25%)

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Market Concentration

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Type

In 2020, Japan's main exporting competitors in Motor vehicles; parts and accessories (8701 to 8705) were:

Germany , $54.6B
China , $32.1B
United States , $31.9B

In 2020, Japan's main importing competitors in Motor vehicles; parts and accessories (8701 to 8705) were:

United States , $62.3B
Germany , $36B
China , $23.9B

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Subnational Monthly Trade

Historical Data

Trade Balance

Market Growth

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