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2022
Exports $14.9MWorld Rnk 11 / 168
Flag Rnk 721 / 1213
2022
Destination $1.66M United States
2021 - 2022
FASTEST GROWING MARKET $1.66MUnited States
2022
PRODUCT COMPLEXITY IN String Instruments0.51Rnk 362 / 1025
2022
Imports $59.6MWorld Rnk 3 / 209
Flag Rnk 681 / 1214
2022
Origin $402k China
2021 - 2022
FASTEST GROWING ORIGIN $402kCanada
2022
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $14.9M in String Instruments, making it the 11th largest exporter of String Instruments in the world. At the same year, String Instruments was the 721st most exported product in Japan. The main destination of String Instruments exports from Japan are: United States ($3.17M), China ($2.22M), Vietnam ($1.31M), Germany ($1.2M), and United Kingdom ($1.04M).

The fastest growing export markets for String Instruments of Japan between 2021 and 2022 were United States ($1.66M), Vietnam ($989k), and United Kingdom ($274k).

Imports In 2022, Japan imported $59.6M in String Instruments, becoming the 3rd largest importer of String Instruments in the world. At the same year, String Instruments was the 681st most imported product in Japan. Japan imports String Instruments primarily from: China ($23.8M), United States ($14.1M), Mexico ($3.83M), Italy ($3.61M), and Indonesia ($3.37M).

The fastest growing import markets in String Instruments for Japan between 2021 and 2022 were Canada ($402k), France ($155k), and Belgium ($99k).

Latest Trends

September 2024

About

Overview In September 2024 Japan's String Instruments exports accounted up to ¥143M and imports accounted up to ¥533M, resulting in a negative trade balance of ¥390M. Between September 2023 and September 2024 the exports of Japan's   String Instruments have decreased by ¥-21.6M (-13.1%) from ¥165M to ¥143M, while imports decreased by ¥-42.5M (-7.38%) from ¥576M to ¥533M.

Destinations In September 2024, String Instruments were exported mostly to United States (¥54M), Vietnam (¥16.8M), Germany (¥11.5M), France (¥9.62M), and Hong Kong (¥7.03M), and were imported mostly from United States (¥187M), China (¥163M), Indonesia (¥39.4M), Italy (¥35M), and Mexico (¥30.4M).

Growth In September 2024, the decrease in String Instruments's year-by-year exports was explained primarily by a decrease in exports to Germany (¥-17.6M or -72.7%), France (¥-7.06M or -83.1%), and Hong Kong (¥-5.52M or -77%). In September 2024, the decrease in String Instruments's year-by-year imports was explained primarily by a decrease in imports from China (¥-53.5M or -18.4%), Indonesia (¥-49.5M or -76.3%), and Mexico (¥-30.8M or -63.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)¥-21.6M(-13.1%)
IMPORT GROWTH (September 2023 - September 2024)¥-42.5M(-7.38%)
MAIN EXPORTER (September 2024)Aichi¥115M
MAIN DESTINATION (September 2024)United States¥54M

This section shows String Instruments'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 String Instruments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$14.9M
IMPORTS (2022)$59.6M
NET TRADE (2022)-$44.7M

In 2022, Japan exported $14.9M in String Instruments. The main destinations of Japan exports on String Instruments were United States ($3.17M), China ($2.22M), Vietnam ($1.31M), Germany ($1.2M), and United Kingdom ($1.04M).

In 2022, Japan imported $59.6M in String Instruments, mainly from China ($23.8M), United States ($14.1M), Mexico ($3.83M), Italy ($3.61M), and Indonesia ($3.37M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING String Instruments EXPORT MARKETS FOR Japan WERE (2021 - 2022):
United States$1.66M (111%)
Vietnam$989k (308%)
United Kingdom$274k (35.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF String Instruments BY Japan WERE (2021 - 2022):
Germany-$234k (-16.3%)
Thailand-$170k (-23.2%)
Hong Kong-$147k (-22.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Japan's main exporting competitors in String Instruments were:
China $527M
United States $146M
Indonesia $107M
In 2022, Japan's main importing competitors in String Instruments were:
United States $279M
Germany $91.7M

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Trade Value of String Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $898k
TOP IMPORT POTENTIALChina+ $4.03M

String Instruments’s highest export potential is United States. With an export gap of $898k.   String Instruments’s highest import potential is China with an import gap of $4.03M.

See methodology.

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