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2022
Exports $1.44MWorld Rnk 14 / 137
Flag Rnk 990 / 1213
2022
Destination $118k China
2021 - 2022
FASTEST GROWING MARKET $118kThailand
2022
Imports $9.27MWorld Rnk 6 / 202
Flag Rnk 995 / 1214
2022
Origin $1.12M China
2021 - 2022
FASTEST GROWING ORIGIN $1.12MSingapore
2022
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $1.44M in Other Musical Instruments, making it the 14th largest exporter of Other Musical Instruments in the world. At the same year, Other Musical Instruments was the 990th most exported product in Japan. The main destination of Other Musical Instruments exports from Japan are: China ($512k), South Korea ($197k), Thailand ($143k), Malaysia ($76.6k), and France ($71.1k).

The fastest growing export markets for Other Musical Instruments of Japan between 2021 and 2022 were Thailand ($118k), South Korea ($114k), and Philippines ($48k).

Imports In 2022, Japan imported $9.27M in Other Musical Instruments, becoming the 6th largest importer of Other Musical Instruments in the world. At the same year, Other Musical Instruments was the 995th most imported product in Japan. Japan imports Other Musical Instruments primarily from: China ($4.56M), Singapore ($1.12M), Malaysia ($1.08M), Switzerland ($887k), and United States ($624k).

The fastest growing import markets in Other Musical Instruments for Japan between 2021 and 2022 were Singapore ($1.12M), Malaysia ($642k), and Switzerland ($500k).

Latest Trends

June 2024

About

Overview In June 2024 Japan's Other Musical Instruments exports accounted up to ¥10.1M and imports accounted up to ¥76.2M, resulting in a negative trade balance of ¥66.1M. Between June 2023 and June 2024 the exports of Japan's   Other Musical Instruments have increased by ¥4.75M (88.9%) from ¥5.34M to ¥10.1M, while imports increased by ¥10.1M (15.3%) from ¥66.1M to ¥76.2M.

Destinations In June 2024, Other Musical Instruments were exported mostly to China (¥6.62M), United States (¥1.44M), Philippines (¥956k), Chinese Taipei (¥499k), and Germany (¥284k), and were imported mostly from China (¥38.4M), Switzerland (¥17.3M), South Korea (¥9.03M), United Kingdom (¥4.55M), and Chinese Taipei (¥3.63M).

Growth In June 2024, the increase in Other Musical Instruments's year-by-year exports was explained primarily by an increase in exports to Chinese Taipei (¥518k or 222%). In June 2024, the increase in Other Musical Instruments's year-by-year imports was explained primarily by an increase in imports from China (¥16.9M or 72.6%) and Chinese Taipei (¥2.35M or 181%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)¥4.75M(88.9%)
IMPORT GROWTH (June 2023 - June 2024)¥10.1M(15.3%)
MAIN EXPORTER (June 2024)Tokyo¥23.7M
MAIN DESTINATION (June 2024)China¥6.62M

This section shows Other 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 Other Musical Instruments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.44M
IMPORTS (2022)$9.27M
NET TRADE (2022)-$7.83M

In 2022, Japan exported $1.44M in Other Musical Instruments. The main destinations of Japan exports on Other Musical Instruments were China ($512k), South Korea ($197k), Thailand ($143k), Malaysia ($76.6k), and France ($71.1k).

In 2022, Japan imported $9.27M in Other Musical Instruments, mainly from China ($4.56M), Singapore ($1.12M), Malaysia ($1.08M), Switzerland ($887k), and United States ($624k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Musical Instruments EXPORT MARKETS FOR Japan WERE (2021 - 2022):
Thailand$118k (471%)
South Korea$114k (137%)
Philippines$48k (402%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Musical Instruments BY Japan WERE (2021 - 2022):
United Kingdom-$304k (-93.4%)
Malaysia-$182k (-70.3%)
France-$55.1k (-43.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Japan's main exporting competitors in Other Musical Instruments were:
China $107M
United States $15.2M
Malaysia $7.21M
In 2022, Japan's main importing competitors in Other Musical Instruments were:
United States $37.1M
United Kingdom $12.4M
Germany $11.7M

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Trade Value of Other Musical Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $67.8k
TOP IMPORT POTENTIALChina+ $535k

Other Musical Instruments’s highest export potential is United States. With an export gap of $67.8k.   Other Musical Instruments’s highest import potential is China with an import gap of $535k.

See methodology.

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