Refined Petroleum in Japan 2021 Exports | Imports : $7.13B | $18.1B, World Rnk 24 / 218 Rnk 15 / 1206 | World Rnk 12 / 226 Rnk 5 / 1213
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $643M | $1.73B, South Korea | South Korea
2021 ECONOMIC COMPLEXITY of Japan: 2.06, Rnk 1 / 131
2021 PRODUCT COMPLEXITY IN Refined Petroleum: -0.92, Rnk 817 / 1029
Exports In 2021, Japan exported $7.13B in Refined Petroleum, making it the 24th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 15th most exported product in Japan. The main destination of Refined Petroleum exports from Japan are: South Korea ($1.77B), Singapore ($1.12B), Australia ($1.02B), Malaysia ($659M), and United States ($514M).
The fastest growing export markets for Refined Petroleum of Japan between 2020 and 2021 were South Korea ($643M), Singapore ($413M), and Chile ($228M).
Imports In 2021, Japan imported $18.1B in Refined Petroleum, becoming the 12th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 5th most imported product in Japan. Japan imports Refined Petroleum primarily from: South Korea ($4.48B), United Arab Emirates ($2.74B), Qatar ($2.32B), United States ($1.09B), and Saudi Arabia ($945M).
The fastest growing import markets in Refined Petroleum for Japan between 2020 and 2021 were South Korea ($1.73B), United Arab Emirates ($1.46B), and Qatar ($693M).
Tariffs In 2018, the average tariff for Japan in Refined Petroleum was 1.6%. The countries with the highest import tariffs for Refined Petroleum were Lebanon (Most Favoured Nation duty rate treatment, 3.92%), North Korea (Most Favoured Nation duty rate treatment, 3.72%), Andorra (Most Favoured Nation duty rate treatment, 3.72%), Western Sahara (Most Favoured Nation duty rate treatment, 1.89%), and Mayotte (Most Favoured Nation duty rate treatment, 1.89%).
January 2023
Overview In January 2023 Japan's Refined Petroleum exports accounted up to ¥168B and imports accounted up to ¥249B, resulting in a negative trade balance of ¥80.9B. Between January 2022 and January 2023 the exports of Japan's Refined Petroleum have increased by ¥37.4B (28.6%) from ¥131B to ¥168B, while imports increased by ¥32.3B (14.9%) from ¥217B to ¥249B.
Destinations In January 2023, Refined Petroleum were exported mostly to Singapore (Â¥37.4B), South Korea (Â¥32.4B), Australia (Â¥28.5B), Philippines (Â¥13.6B), and Bangladesh (Â¥11.9B), and were imported mostly from South Korea (Â¥61.9B), United Arab Emirates (Â¥42.9B), China (Â¥31.1B), Qatar (Â¥26.4B), and Kuwait (Â¥23.6B).
Growth In January 2023, the increase in Refined Petroleum's year-by-year exports was explained primarily by an increase in exports to Australia (Â¥24.8B or 253%), Singapore (Â¥12.9B or 246%), and Philippines (Â¥9.27B or 12.6k%). In January 2023, the increase in Refined Petroleum's year-by-year imports was explained primarily by an increase in imports from United Arab Emirates (Â¥28.4B or 450%), United States (Â¥17.3B or 404%), and South Korea (Â¥16.2B or 42.8%).
EXPORT GROWTH (January 2022 - January 2023): ¥37.4B, (28.6%)
IMPORT GROWTH (January 2022 - January 2023): ¥32.3B, (14.9%)
MAIN EXPORTER (January 2023): Okayama, ¥36.4B
MAIN DESTINATION (January 2023): Singapore, ¥37.4B
This section shows Refined Petroleum'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 Refined Petroleum over time.
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EXPORTS (2021): $7.13B
IMPORTS (2021): $18.1B
NET TRADE (2021): -$10.9B
In 2021, Japan exported $7.13B in Refined Petroleum. The main destinations of Japan exports on Refined Petroleum were South Korea ($1.77B), Singapore ($1.12B), Australia ($1.02B), Malaysia ($659M), and United States ($514M).
In 2021, Japan imported $18.1B in Refined Petroleum, mainly from South Korea ($4.48B), United Arab Emirates ($2.74B), Qatar ($2.32B), United States ($1.09B), and Saudi Arabia ($945M).
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Japan WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Japan WERE (2020 - 2021):
In 2021, Japan's main exporting competitors in Refined Petroleum were:
In 2021, Japan's main importing competitors in Refined Petroleum were:
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