2022
Exports
$3.26BWorld Rnk 5 / 212
Flag Rnk 51 / 1213
2022
PRODUCT COMPLEXITY IN Scrap Iron
-0.59Rnk 720 / 1025
2022
Imports
$229MWorld Rnk 34 / 187
Flag Rnk 370 / 1214
2022
ECONOMIC COMPLEXITY of Japan
2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $3.26B in Scrap Iron, making it the 5th largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 51st most exported product in Japan. The main destination of Scrap Iron exports from Japan are: South Korea ($1.69B), Vietnam ($587M), Chinese Taipei ($311M), China ($238M), and Bangladesh ($150M).

The fastest growing export markets for Scrap Iron of Japan between 2021 and 2022 were China ($27M), Bangladesh ($19.9M), and Philippines ($7.66M).

Imports In 2022, Japan imported $229M in Scrap Iron, becoming the 34th largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 370th most imported product in Japan. Japan imports Scrap Iron primarily from: South Korea ($85.2M), Chinese Taipei ($44.3M), United States ($25.3M), Philippines ($16M), and Singapore ($9.09M).

The fastest growing import markets in Scrap Iron for Japan between 2021 and 2022 were Chinese Taipei ($15.5M), South Korea ($13.7M), and United States ($2.72M).

COMPANIES In 2023, leading companies such as YAMAHA CORPORATION OF AMERICA (3) were at the forefront of shipping Scrap Iron from Japan to the United States.

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)¥2.77B(8.15%)
IMPORT GROWTH (July 2023 - July 2024)¥1.41B(120%)
MAIN EXPORTER (July 2024)Kanagawa¥7.84B
MAIN DESTINATION (July 2024)Vietnam¥12.6B

This section shows Scrap Iron'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 Scrap Iron over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.26B
IMPORTS (2022)$229M
NET TRADE (2022)$3.03B

In 2022, Japan exported $3.26B in Scrap Iron. The main destinations of Japan exports on Scrap Iron were South Korea ($1.69B), Vietnam ($587M), Chinese Taipei ($311M), China ($238M), and Bangladesh ($150M).

In 2022, Japan imported $229M in Scrap Iron, mainly from South Korea ($85.2M), Chinese Taipei ($44.3M), United States ($25.3M), Philippines ($16M), and Singapore ($9.09M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR Japan WERE (2021 - 2022):
China$27M (12.8%)
Bangladesh$19.9M (15.3%)
Philippines$7.66M (33.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY Japan WERE (2021 - 2022):
Vietnam-$410M (-41.1%)
Indonesia-$65M (-76.4%)
Malaysia-$65M (-31.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Japan's main exporting competitors in Scrap Iron were:
In 2022, Japan's main importing competitors in Scrap Iron were:
Turkey $8.77B
India $5.65B
Belgium $2.84B

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Trade Value of Scrap Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $48.4M
TOP IMPORT POTENTIALUnited States+ $15.6M

Scrap Iron’s highest export potential is India. With an export gap of $48.4M.   Scrap Iron’s highest import potential is United States with an import gap of $15.6M.

See methodology.

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