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2023
Exports $675MWorld Rnk 5 / 206
Flag Rnk 46 / 96
2023
Destination $21.8M United States
2022 - 2023
FASTEST GROWING MARKET $21.8MUnited States
2023
PRODUCT COMPLEXITY IN Musical instruments1.24Rnk 95 / 1025
2023
Imports $492MWorld Rnk 4 / 219
Flag Rnk 76 / 96
2023
Origin $31.6M China
2022 - 2023
FASTEST GROWING ORIGIN $31.6MUnited States
2023
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 132

About

Exports In 2023, Japan exported $675M in Musical instruments, making it the 5th largest exporter of Musical instruments in the world. At the same year, Musical instruments was the 46th most exported product in Japan. The main destination of Musical instruments exports from Japan are: United States ($180M), China ($143M), Germany ($61.9M), Indonesia ($33.8M), and Australia ($27.6M).

The fastest growing export markets for Musical instruments of Japan between 2022 and 2023 were United States ($21.8M), Vietnam ($3.65M), and Hong Kong ($2.25M).

Imports In 2023, Japan imported $492M in Musical instruments, becoming the 4th largest importer of Musical instruments in the world. At the same year, Musical instruments was the 76th most imported product in Japan. Japan imports Musical instruments primarily from: China ($132M), United States ($125M), Indonesia ($103M), Germany ($35.2M), and France ($27.4M).

The fastest growing import markets in Musical instruments for Japan between 2022 and 2023 were United States ($31.6M), Germany ($5.54M), and Hong Kong ($3.06M).

COMPANIES In 2023, leading companies such as YAMAHA CORPORATION OF AMERICA (32), ZF Friedrichshafen (8), and Schindler Elevators (2) were at the forefront of shipping Musical instruments from Japan to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Japan's Musical instruments exports accounted up to ¥6.29B and imports accounted up to ¥6.6B, resulting in a negative trade balance of ¥305M. Between November 2023 and November 2024 the exports of Japan's   Musical instruments have decreased by ¥-1.36B (-17.8%) from ¥7.66B to ¥6.29B, while imports decreased by ¥-141M (-2.09%) from ¥6.74B to ¥6.6B.

Destinations In November 2024, Musical instruments were exported mostly to United States (¥1.96B), China (¥1.15B), Germany (¥624M), Indonesia (¥316M), and Vietnam (¥238M), and were imported mostly from China (¥1.65B), United States (¥1.55B), Indonesia (¥1.41B), Germany (¥418M), and France (¥397M).

Growth In November 2024, the decrease in Musical instruments's year-by-year exports was explained primarily by a decrease in exports to United States (¥-292M or -14.5%), China (¥-253M or -21.4%), and Germany (¥-73.9M or -15.7%). In November 2024, the decrease in Musical instruments's year-by-year imports was explained primarily by a decrease in imports from China (¥-135M or -8.66%), Mexico (¥-43.3M or -43.1%), and Romania (¥-16.2M or -94.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)¥-1.36B(-17.8%)
IMPORT GROWTH (November 2023 - November 2024)¥-141M(-2.09%)
MAIN EXPORTER (November 2024)Shizuoka¥4.72B
MAIN DESTINATION (November 2024)United States¥1.96B

This section shows Musical instruments'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 instruments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$675M
IMPORTS (2023)$492M
NET TRADE (2023)$183M

In 2023, Japan exported $675M in Musical instruments. The main destinations of Japan exports on Musical instruments were United States ($180M), China ($143M), Germany ($61.9M), Indonesia ($33.8M), and Australia ($27.6M).

In 2023, Japan imported $492M in Musical instruments, mainly from China ($132M), United States ($125M), Indonesia ($103M), Germany ($35.2M), and France ($27.4M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Musical instruments EXPORT MARKETS FOR Japan WERE (2022 - 2023):
United States$21.8M (13.8%)
Vietnam$3.65M (25.5%)
Hong Kong$2.25M (15%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Musical instruments BY Japan WERE (2022 - 2023):
China-$36.7M (-20.4%)
Indonesia-$9.8M (-22.5%)
Israel-$5.19M (-73%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Japan's main exporting competitors in Musical instruments were:
China $2.16B
Indonesia $1.03B
United States $864M
In 2023, Japan's main importing competitors in Musical instruments were:
United States $1.63B
Germany $746M
China $540M

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Trade Value of Musical instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $2.87M
TOP IMPORT POTENTIALChina+ $23.8M

Musical instruments’s highest export potential is France. With an export gap of $2.87M.   Musical instruments’s highest import potential is China with an import gap of $23.8M.

See methodology.

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