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2022
Exports $102MWorld Rnk 5 / 166
Flag Rnk 437 / 1213
2022
Destination $6.15M Indonesia
2021 - 2022
FASTEST GROWING MARKET $6.15MIndonesia
2022
PRODUCT COMPLEXITY IN Musical Instrument Parts1.19Rnk 106 / 1025
2022
Imports $147MWorld Rnk 5 / 204
Flag Rnk 471 / 1214
2022
Origin $5.93M Indonesia
2021 - 2022
FASTEST GROWING ORIGIN $5.93MIndonesia
2022
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $102M in Musical Instrument Parts, making it the 5th largest exporter of Musical Instrument Parts in the world. At the same year, Musical Instrument Parts was the 437th most exported product in Japan. The main destination of Musical Instrument Parts exports from Japan are: Indonesia ($40.4M), China ($31.3M), United States ($12.1M), Germany ($3.03M), and Hong Kong ($2.88M).

The fastest growing export markets for Musical Instrument Parts of Japan between 2021 and 2022 were Indonesia ($6.15M), China ($2.64M), and Hong Kong ($281k).

Imports In 2022, Japan imported $147M in Musical Instrument Parts, becoming the 5th largest importer of Musical Instrument Parts in the world. At the same year, Musical Instrument Parts was the 471st most imported product in Japan. Japan imports Musical Instrument Parts primarily from: Indonesia ($38.5M), United States ($28.8M), China ($22.7M), France ($14M), and Chinese Taipei ($8.14M).

The fastest growing import markets in Musical Instrument Parts for Japan between 2021 and 2022 were Indonesia ($5.93M), China ($2.58M), and France ($2.33M).

COMPANIES In 2023, leading companies such as ZF Friedrichshafen (8), YAMAHA CORPORATION OF AMERICA (3), and Schindler Elevators (2) were at the forefront of shipping Musical Instrument Parts from Japan to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Japan's Musical Instrument Parts exports accounted up to ¥956M and imports accounted up to ¥1.57B, resulting in a negative trade balance of ¥618M. Between June 2023 and June 2024 the exports of Japan's   Musical Instrument Parts have increased by ¥85.3M (9.81%) from ¥870M to ¥956M, while imports decreased by ¥-232M (-12.9%) from ¥1.81B to ¥1.57B.

Destinations In June 2024, Musical Instrument Parts were exported mostly to Indonesia (¥282M), China (¥242M), United States (¥229M), Germany (¥49.8M), and Hong Kong (¥23.5M), and were imported mostly from Indonesia (¥397M), United States (¥377M), China (¥295M), France (¥110M), and Chinese Taipei (¥87.1M).

Growth In June 2024, the increase in Musical Instrument Parts's year-by-year exports was explained primarily by an increase in exports to China (¥13.5M or 6.39%), Thailand (¥11.3M or 1.19k%), and France (¥8.01M or 448%). In June 2024, the decrease in Musical Instrument Parts's year-by-year imports was explained primarily by a decrease in imports from Malaysia (¥-24.3M or -44.7%), Germany (¥-20.8M or -33.3%), and Thailand (¥-9.82M or -90.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)¥85.3M(9.81%)
IMPORT GROWTH (June 2023 - June 2024)¥-232M(-12.9%)
MAIN EXPORTER (June 2024)Shizuoka¥657M
MAIN DESTINATION (June 2024)Indonesia¥282M

This section shows Musical Instrument Parts'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 Musical Instrument Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$102M
IMPORTS (2022)$147M
NET TRADE (2022)-$45.3M

In 2022, Japan exported $102M in Musical Instrument Parts. The main destinations of Japan exports on Musical Instrument Parts were Indonesia ($40.4M), China ($31.3M), United States ($12.1M), Germany ($3.03M), and Hong Kong ($2.88M).

In 2022, Japan imported $147M in Musical Instrument Parts, mainly from Indonesia ($38.5M), United States ($28.8M), China ($22.7M), France ($14M), and Chinese Taipei ($8.14M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Musical Instrument Parts EXPORT MARKETS FOR Japan WERE (2021 - 2022):
Indonesia$6.15M (17.9%)
China$2.64M (9.21%)
Hong Kong$281k (10.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Musical Instrument Parts BY Japan WERE (2021 - 2022):
Thailand-$477k (-80.4%)
United Kingdom-$287k (-25.1%)
Mexico-$286k (-48.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Japan's main exporting competitors in Musical Instrument Parts were:
China $367M
United States $290M
Germany $217M
In 2022, Japan's main importing competitors in Musical Instrument Parts were:
United States $309M
Germany $168M
China $160M

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Trade Value of Musical Instrument Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.07M
TOP IMPORT POTENTIALChina+ $7.41M

Musical Instrument Parts’s highest export potential is United States. With an export gap of $3.07M.   Musical Instrument Parts’s highest import potential is China with an import gap of $7.41M.

See methodology.

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