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2022
Exports $79.1MWorld Rnk 19 / 176
Flag Rnk 475 / 1213
2022
Destination $9M China
2021 - 2022
FASTEST GROWING MARKET $9MHong Kong
2022
PRODUCT COMPLEXITY IN Textile Processing Machines1.32Rnk 91 / 1025
2022
Imports $58.9MWorld Rnk 36 / 216
Flag Rnk 683 / 1214
2022
Origin $3.15M China
2021 - 2022
FASTEST GROWING ORIGIN $3.15MDenmark
2022
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $79.1M in Textile Processing Machines, making it the 19th largest exporter of Textile Processing Machines in the world. At the same year, Textile Processing Machines was the 475th most exported product in Japan. The main destination of Textile Processing Machines exports from Japan are: China ($13.6M), United States ($11.9M), Hong Kong ($11.4M), South Korea ($5.78M), and Vietnam ($5.66M).

The fastest growing export markets for Textile Processing Machines of Japan between 2021 and 2022 were Hong Kong ($9M), United States ($4.34M), and Malaysia ($1.11M).

Imports In 2022, Japan imported $58.9M in Textile Processing Machines, becoming the 36th largest importer of Textile Processing Machines in the world. At the same year, Textile Processing Machines was the 683rd most imported product in Japan. Japan imports Textile Processing Machines primarily from: China ($16.4M), Denmark ($6.02M), Chinese Taipei ($5.5M), South Korea ($4.55M), and United States ($4.1M).

The fastest growing import markets in Textile Processing Machines for Japan between 2021 and 2022 were Denmark ($3.15M), Chinese Taipei ($2.56M), and China ($2.43M).

COMPANIES In 2023, leading companies such as Wismettac Asian Foods (1) were at the forefront of shipping Textile Processing Machines from Japan to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Japan's Textile Processing Machines exports accounted up to ¥1.14B and imports accounted up to ¥497M, resulting in a positive trade balance of ¥644M. Between June 2023 and June 2024 the exports of Japan's   Textile Processing Machines have increased by ¥319M (38.8%) from ¥822M to ¥1.14B, while imports decreased by ¥-143M (-22.3%) from ¥640M to ¥497M.

Destinations In June 2024, Textile Processing Machines were exported mostly to Czechia (¥363M), Vietnam (¥239M), United States (¥128M), China (¥83.4M), and Canada (¥78.3M), and were imported mostly from China (¥250M), South Korea (¥136M), Vietnam (¥27.1M), Thailand (¥17.8M), and Italy (¥16.5M).

Growth In June 2024, the increase in Textile Processing Machines's year-by-year exports was explained primarily by an increase in exports to Thailand (¥54.5M or 203%), United States (¥41.5M or 62.3%), and Indonesia (¥8.63M or 693%). In June 2024, the decrease in Textile Processing Machines's year-by-year imports was explained primarily by a decrease in imports from South Korea (¥-44.2M or -35.4%), Thailand (¥-27M or -59.3%), and France (¥-15.7M or -89.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)¥319M(38.8%)
IMPORT GROWTH (June 2023 - June 2024)¥-143M(-22.3%)
MAIN EXPORTER (June 2024)Hyōgo¥1.96B
MAIN DESTINATION (June 2024)Czechia¥363M

This section shows Textile Processing Machines'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 Textile Processing Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$79.1M
IMPORTS (2022)$58.9M
NET TRADE (2022)$20.3M

In 2022, Japan exported $79.1M in Textile Processing Machines. The main destinations of Japan exports on Textile Processing Machines were China ($13.6M), United States ($11.9M), Hong Kong ($11.4M), South Korea ($5.78M), and Vietnam ($5.66M).

In 2022, Japan imported $58.9M in Textile Processing Machines, mainly from China ($16.4M), Denmark ($6.02M), Chinese Taipei ($5.5M), South Korea ($4.55M), and United States ($4.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Textile Processing Machines EXPORT MARKETS FOR Japan WERE (2021 - 2022):
Hong Kong$9M (370%)
United States$4.34M (57.1%)
Malaysia$1.11M (167%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Textile Processing Machines BY Japan WERE (2021 - 2022):
Mexico-$1.22M (-81.6%)
Thailand-$883k (-17.5%)
China-$655k (-4.59%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Japan's main exporting competitors in Textile Processing Machines were:
China $1.79B
South Korea $1.01B
Poland $976M
In 2022, Japan's main importing competitors in Textile Processing Machines were:
United States $1.83B
Germany $801M
China $419M

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Trade Value of Textile Processing Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $7.19M
TOP IMPORT POTENTIALChina+ $9.66M

Textile Processing Machines’s highest export potential is United States. With an export gap of $7.19M.   Textile Processing Machines’s highest import potential is China with an import gap of $9.66M.

See methodology.

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