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2023
Exports $1.69BWorld Rnk 5 / 125
Flag Rnk 82 / 1209
2023
Destination $24.8M South Korea
2022 - 2023
FASTEST GROWING MARKET $24.8MBrazil
2023
PRODUCT COMPLEXITY IN Semi-Finished Iron-0.94Rnk 812 / 1025
2023
Imports $200MWorld Rnk 34 / 189
Flag Rnk 371 / 1209
2023
Origin $89.8M South Korea
2022 - 2023
FASTEST GROWING ORIGIN $89.8MSouth Korea
2023
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 132

About

Exports In 2023, Japan exported $1.69B in Semi-Finished Iron, making it the 5th largest exporter of Semi-Finished Iron in the world. At the same year, Semi-Finished Iron was the 82nd most exported product in Japan. The main destination of Semi-Finished Iron exports from Japan are: South Korea ($668M), Thailand ($423M), Chinese Taipei ($399M), Indonesia ($72.6M), and China ($66M).

The fastest growing export markets for Semi-Finished Iron of Japan between 2022 and 2023 were Brazil ($24.8M), Indonesia ($5.44M), and United Kingdom ($1.02M).

Imports In 2023, Japan imported $200M in Semi-Finished Iron, becoming the 34th largest importer of Semi-Finished Iron in the world. At the same year, Semi-Finished Iron was the 371st most imported product in Japan. Japan imports Semi-Finished Iron primarily from: South Korea ($173M), China ($16.4M), Malaysia ($10.6M), Philippines ($202k), and United Kingdom ($90.2k).

The fastest growing import markets in Semi-Finished Iron for Japan between 2022 and 2023 were South Korea ($89.8M), Malaysia ($10.6M), and China ($2.65M).

Latest Trends

November 2024

About

Overview In November 2024 Japan's Semi-Finished Iron exports accounted up to ¥11.9B and imports accounted up to ¥1.43B, resulting in a positive trade balance of ¥10.5B. Between November 2023 and November 2024 the exports of Japan's   Semi-Finished Iron have decreased by ¥-7.1B (-37.3%) from ¥19B to ¥11.9B, while imports increased by ¥212M (17.5%) from ¥1.21B to ¥1.43B.

Destinations In November 2024, Semi-Finished Iron were exported mostly to South Korea (¥8.07B), Chinese Taipei (¥2.71B), Thailand (¥471M), Indonesia (¥431M), and China (¥141M), and were imported mostly from South Korea (¥884M) and China (¥543M).

Growth In November 2024, the decrease in Semi-Finished Iron's year-by-year exports was explained primarily by a decrease in exports to Chinese Taipei (¥-2.05B or -25.9%), China (¥-617M or -59.4%), and Indonesia (¥-165M or -21.1%). In November 2024, the increase in Semi-Finished Iron's year-by-year imports was explained primarily by an increase in imports from South Korea (¥176M or 21.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)¥-7.1B(-37.3%)
IMPORT GROWTH (November 2023 - November 2024)¥212M(17.5%)
MAIN EXPORTER (November 2024)Ibaraki¥7.38B
MAIN DESTINATION (November 2024)South Korea¥8.07B

This section shows Semi-Finished 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 Semi-Finished Iron over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.69B
IMPORTS (2023)$200M
NET TRADE (2023)$1.49B

In 2023, Japan exported $1.69B in Semi-Finished Iron. The main destinations of Japan exports on Semi-Finished Iron were South Korea ($668M), Thailand ($423M), Chinese Taipei ($399M), Indonesia ($72.6M), and China ($66M).

In 2023, Japan imported $200M in Semi-Finished Iron, mainly from South Korea ($173M), China ($16.4M), Malaysia ($10.6M), Philippines ($202k), and United Kingdom ($90.2k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Semi-Finished Iron EXPORT MARKETS FOR Japan WERE (2022 - 2023):
Brazil$24.8M (28.2M%)
Indonesia$5.44M (8.09%)
United Kingdom$1.02M (145%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Semi-Finished Iron BY Japan WERE (2022 - 2023):
Chinese Taipei-$220M (-35.6%)
Thailand-$67.9M (-13.8%)
China-$53.8M (-44.9%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Japan's main exporting competitors in Semi-Finished Iron were:
Russia $6.75B
Oman $3.27B
Brazil $3.13B
In 2023, Japan's main importing competitors in Semi-Finished Iron were:
Turkey $3.36B
United States $2.81B
Indonesia $2.13B

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Trade Value of Semi-Finished Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $58.8M
TOP IMPORT POTENTIALIndonesia+ $9.28M

Semi-Finished Iron’s highest export potential is China. With an export gap of $58.8M.   Semi-Finished Iron’s highest import potential is Indonesia with an import gap of $9.28M.

See methodology.

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