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2022
Exports $13.6MWorld Rnk 36 / 194
Flag Rnk 733 / 1213
2022
Destination $289k United States
2021 - 2022
FASTEST GROWING MARKET $289kUnited States
2022
PRODUCT COMPLEXITY IN Spices-1.63Rnk 964 / 1025
2022
Imports $133MWorld Rnk 5 / 223
Flag Rnk 501 / 1214
2022
Origin $6.41M China
2021 - 2022
FASTEST GROWING ORIGIN $6.41MSouth Korea
2022
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $13.6M in Spices, making it the 36th largest exporter of Spices in the world. At the same year, Spices was the 733rd most exported product in Japan. The main destination of Spices exports from Japan are: United States ($2.46M), Canada ($2.18M), Chinese Taipei ($1.62M), Germany ($962k), and South Korea ($670k).

The fastest growing export markets for Spices of Japan between 2021 and 2022 were United States ($289k), Chinese Taipei ($242k), and Portugal ($126k).

Imports In 2022, Japan imported $133M in Spices, becoming the 5th largest importer of Spices in the world. At the same year, Spices was the 501st most imported product in Japan. Japan imports Spices primarily from: China ($74.5M), Thailand ($15.7M), India ($12.4M), South Korea ($10.7M), and Chinese Taipei ($5.01M).

The fastest growing import markets in Spices for Japan between 2021 and 2022 were South Korea ($6.41M), Thailand ($1.01M), and South Africa ($495k).

COMPANIES In 2023, leading companies such as General Motors (1) were at the forefront of shipping Spices from Japan to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Japan's Spices exports accounted up to ¥141M and imports accounted up to ¥1.64B, resulting in a negative trade balance of ¥1.5B. Between August 2023 and August 2024 the exports of Japan's   Spices have increased by ¥11M (8.48%) from ¥130M to ¥141M, while imports decreased by ¥-788M (-32.4%) from ¥2.43B to ¥1.64B.

Destinations In August 2024, Spices were exported mostly to United States (¥23.6M), Chinese Taipei (¥16.2M), Australia (¥13.6M), Canada (¥10.3M), and Netherlands (¥6.4M), and were imported mostly from China (¥984M), India (¥234M), South Korea (¥143M), Chinese Taipei (¥123M), and Thailand (¥88.1M).

Growth In August 2024, the increase in Spices's year-by-year exports was explained primarily by an increase in exports to Australia (¥9.99M or 1.13k%), Netherlands (¥2M or 789%), and South Africa (¥1.9M or 397%). In August 2024, the decrease in Spices's year-by-year imports was explained primarily by a decrease in imports from Thailand (¥-25.5M or -12.4%), Spain (¥-15.6M or -85.6%), and Morocco (¥-13M or -96.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)¥11M(8.48%)
IMPORT GROWTH (August 2023 - August 2024)¥-788M(-32.4%)
MAIN EXPORTER (August 2024)Tokyo¥81.2M
MAIN DESTINATION (August 2024)United States¥23.6M

This section shows Spices'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 Spices over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$13.6M
IMPORTS (2022)$133M
NET TRADE (2022)-$120M

In 2022, Japan exported $13.6M in Spices. The main destinations of Japan exports on Spices were United States ($2.46M), Canada ($2.18M), Chinese Taipei ($1.62M), Germany ($962k), and South Korea ($670k).

In 2022, Japan imported $133M in Spices, mainly from China ($74.5M), Thailand ($15.7M), India ($12.4M), South Korea ($10.7M), and Chinese Taipei ($5.01M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Spices EXPORT MARKETS FOR Japan WERE (2021 - 2022):
United States$289k (13.4%)
Chinese Taipei$242k (17.5%)
Portugal$126k (1.42k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Spices BY Japan WERE (2021 - 2022):
China-$1.04M (-66.8%)
Germany-$386k (-28.6%)
Canada-$384k (-15%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Japan's main exporting competitors in Spices were:
India $538M
China $518M
Netherlands $203M
In 2022, Japan's main importing competitors in Spices were:
United States $364M
Germany $211M
Netherlands $167M

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Trade Value of Spices by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $907k
TOP IMPORT POTENTIALIndia+ $7.48M

Spices’s highest export potential is United States. With an export gap of $907k.   Spices’s highest import potential is India with an import gap of $7.48M.

See methodology.

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