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2022
Exports $123kWorld Rnk 52 / 105
Flag Rnk 1138 / 1213
2022
Destination $30.8k Hong Kong
2021 - 2022
FASTEST GROWING MARKET $30.8kSouth Korea
2022
PRODUCT COMPLEXITY IN Peat-0.028Rnk 554 / 1025
2022
Imports $32.1MWorld Rnk 13 / 195
Flag Rnk 812 / 1214
2022
Origin $1.04M Latvia
2021 - 2022
FASTEST GROWING ORIGIN $1.04MLithuania
2022
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $123k in Peat, making it the 52nd largest exporter of Peat in the world. At the same year, Peat was the 1138th most exported product in Japan. The main destination of Peat exports from Japan are: Hong Kong ($37.6k), South Korea ($30.8k), Poland ($23.3k), China ($13.1k), and Italy ($6.99k).

The fastest growing export markets for Peat of Japan between 2021 and 2022 were South Korea ($30.8k), Italy ($6.99k), and Mongolia ($189).

Imports In 2022, Japan imported $32.1M in Peat, becoming the 13th largest importer of Peat in the world. At the same year, Peat was the 812th most imported product in Japan. Japan imports Peat primarily from: Latvia ($10M), Canada ($8.05M), Lithuania ($2.76M), Germany ($2.6M), and China ($2.42M).

The fastest growing import markets in Peat for Japan between 2021 and 2022 were Lithuania ($1.04M), Estonia ($830k), and Latvia ($711k).

Latest Trends

April 2024

About

Overview In April 2024 Japan's Peat exports accounted up to ¥8.04M and imports accounted up to ¥368M, resulting in a negative trade balance of ¥360M. Between March 2020 and April 2024 the exports of Japan's   Peat have increased by ¥8.04M (N/A%) from ¥0 to ¥8.04M, while imports increased by ¥57M (18.4%) from ¥311M to ¥368M.

Destinations In April 2024, Peat were exported mostly to , and were imported mostly from Latvia (¥111M), Canada (¥65.4M), China (¥58.3M), Lithuania (¥30.4M), and Germany (¥28.3M).

Growth In April 2024, the increase in Peat's year-by-year exports was explained primarily by an increase in exports to . In September 2024, the increase in Peat's year-by-year imports was explained primarily by an increase in imports from Latvia (¥208M or 233%), China (¥21.8M or 55.2%), and Lithuania (¥11.9M or 43.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2020 - April 2024)¥8.04M(N/A%)
IMPORT GROWTH (September 2023 - September 2024)¥57M(18.4%)
MAIN EXPORTER (April 2024)Aichi¥8.04M
MAIN DESTINATION (April 2024)

This section shows Peat'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 Peat over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$123k
IMPORTS (2022)$32.1M
NET TRADE (2022)-$32M

In 2022, Japan exported $123k in Peat. The main destinations of Japan exports on Peat were Hong Kong ($37.6k), South Korea ($30.8k), Poland ($23.3k), China ($13.1k), and Italy ($6.99k).

In 2022, Japan imported $32.1M in Peat, mainly from Latvia ($10M), Canada ($8.05M), Lithuania ($2.76M), Germany ($2.6M), and China ($2.42M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Peat EXPORT MARKETS FOR Japan WERE (2021 - 2022):
South Korea$30.8k (162k%)
Italy$6.99k (1%)
Mongolia$189 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Peat BY Japan WERE (2021 - 2022):
China-$19.3k (-59.5%)
Poland-$16.5k (-41.4%)
Hong Kong-$9.1k (-19.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Japan's main exporting competitors in Peat were:
Canada $527M
Latvia $324M
Netherlands $190M
In 2022, Japan's main importing competitors in Peat were:
United States $533M
Netherlands $143M
China $113M

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Trade Value of Peat by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $26.3k
TOP IMPORT POTENTIALGermany+ $784k

Peat’s highest export potential is China. With an export gap of $26.3k.   Peat’s highest import potential is Germany with an import gap of $784k.

See methodology.

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