HS Icon Refined Petroleum in  Flag Japan

2019
Exports | Imports
: $10.4B | $13B, World Rnk 17 / 214
Flag Rnk 8 / 1200 | World Rnk 15 / 225
Flag Rnk 7 / 1211

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $647M | $115M, Australia |  Peru

2019
ECONOMIC COMPLEXITY of Japan
: 2.23, Rnk 1 / 147

2019
PRODUCT COMPLEXITY  IN Refined Petroleum
: -0.87, Rnk 800 / 1029

Exports: In 2019, Japan exported $10.4B in Refined Petroleum, making it the 17th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 8th most exported product in Japan. The main destination of Refined Petroleum exports from Japan are: Australia ($2.98B), South Korea ($1.3B), United States ($1.14B), China ($1B), and Singapore ($712M).

The fastest growing export markets for Refined Petroleum of Japan between 2018 and 2019 were Australia ($647M), United States ($402M), and Chile ($321M).

Imports: In 2019, Japan imported $13B in Refined Petroleum, becoming the 15th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 7th most imported product in Japan. Japan imports Refined Petroleum primarily from: South Korea ($3.95B), United Arab Emirates ($1.78B), Qatar ($1.69B), United States ($632M), and Russia ($564M).

The fastest growing import markets in Refined Petroleum for Japan between 2018 and 2019 were Peru ($115M), United States ($79.2M), and Spain ($56.4M).

Tariffs: In 2018, the average tariff for Japan in Refined Petroleum was 1.39%. The countries with the highest import tariffs for Refined Petroleum were Lebanon (Most Favoured Nation duty rate treatement, 3.92%), North Korea (Most Favoured Nation duty rate treatement, 3.72%), Andorra (Most Favoured Nation duty rate treatement, 3.72%), Western Sahara (Most Favoured Nation duty rate treatement, 1.89%), and Mayotte (Most Favoured Nation duty rate treatement, 1.89%).

Latest Trends (May 2021)

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Overview: In May 2021 Japan's Refined Petroleum exports accounted up to ¥25.8B and imports accounted up to ¥156B, resulting in a negative trade balance of ¥130B. Between May 2020 and May 2021 the exports of Japan's   Refined Petroleum have decreased by ¥-589M (-2.23%) from ¥26.4B to ¥25.8B, while imports increased by ¥97.7B (169%) from ¥57.9B to ¥156B.

Destinations: In May 2021, Refined Petroleum were exported mostly to South Korea (¥8.07B), Singapore (¥5.56B), Malaysia (¥3.56B), China (¥2.74B), and United States (¥2.01B), and were imported mostly from South Korea (¥37.2B), United Arab Emirates (¥23B), Qatar (¥17.6B), Saudi Arabia (¥12.7B), and United States (¥9.62B).

Growth: In May 2021, the decrease in Refined Petroleum's year-by-year exports was explained primarily by a decrease in exports to Australia (¥-5.6B or -99.6%), United States (¥-4.18B or -67.5%), and Brunei (¥-1.15B or -100%). In May 2021, the increase in Refined Petroleum's year-by-year imports was explained primarily by an increase in imports from South Korea (¥21.8B or 141%), United Arab Emirates (¥21.2B or 1.18k%), and Saudi Arabia (¥9.88B or 345%).

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (May 2020 - May 2021): ¥-589M, (-2.23%)

IMPORT GROWTH (May 2020 - May 2021): ¥97.7B, (169%)

MAIN EXPORTER (May 2021): Kanagawa, ¥8.22B

MAIN DESTINATION (May 2021): South Korea, ¥8.07B

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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Historical Data

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Value

EXPORTS (2019): $10.4B

IMPORTS (2019): $13B

NET TRADE (2019): -$2.58B

In 2019, Japan exported $10.4B in Refined Petroleum. The main destinations of Japan exports on Refined Petroleum were Australia ($2.98B), South Korea ($1.3B), United States ($1.14B), China ($1B), and Singapore ($712M).

In 2019, Japan imported $13B in Refined Petroleum, mainly from South Korea ($3.95B), United Arab Emirates ($1.78B), Qatar ($1.69B), United States ($632M), and Russia ($564M).

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IN 2019, Japan HAD A POSITIVE NET TRADE IN Refined Petroleum WITH:

IN 2019, Japan HAD A NEGATIVE NET TRADE IN Refined Petroleum WITH:

Flow

THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Japan WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Japan WERE (2018 - 2019):

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Market Concentration

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Flow
Type

In 2018, Japan's main exporting competitors in Refined Petroleum were:

In 2018, Japan's main importing competitors in Refined Petroleum were:

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Tariffs by Country

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In 2018, the average tariff for Japan in Refined Petroleum was 1.39%.

The countries with the highest tariffs for Refined Petroleum in Japan were Lebanon (Most Favoured Nation duty rate treatement, 3.92%), North Korea (Most Favoured Nation duty rate treatement, 3.72%), Andorra (Most Favoured Nation duty rate treatement, 3.72%), Western Sahara (Most Favoured Nation duty rate treatement, 1.89%), and Mayotte (Most Favoured Nation duty rate treatement, 1.89%).