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2022
Exports $1.94MWorld Rnk 23 / 140
Flag Rnk 961 / 1213
2022
Destination $300k United States
2021 - 2022
FASTEST GROWING MARKET $300kMalaysia
2022
Imports $34MWorld Rnk 3 / 211
Flag Rnk 803 / 1214
2022
Origin $303k China
2021 - 2022
FASTEST GROWING ORIGIN $303kHong Kong
2022
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $1.94M in Time Recording Instruments, making it the 23rd largest exporter of Time Recording Instruments in the world. At the same year, Time Recording Instruments was the 961st most exported product in Japan. The main destination of Time Recording Instruments exports from Japan are: United States ($402k), Malaysia ($395k), Thailand ($105k), Philippines ($93.2k), and South Korea ($86.6k).

The fastest growing export markets for Time Recording Instruments of Japan between 2021 and 2022 were Malaysia ($300k), Kuwait ($54.2k), and Philippines ($49.6k).

Imports In 2022, Japan imported $34M in Time Recording Instruments, becoming the 3rd largest importer of Time Recording Instruments in the world. At the same year, Time Recording Instruments was the 803rd most imported product in Japan. Japan imports Time Recording Instruments primarily from: China ($22.1M), Indonesia ($7.49M), Hong Kong ($862k), Chinese Taipei ($843k), and Thailand ($691k).

The fastest growing import markets in Time Recording Instruments for Japan between 2021 and 2022 were Hong Kong ($303k), United Kingdom ($58.1k), and Malaysia ($55.4k).

Latest Trends

August 2024

About

Overview In August 2024 Japan's Time Recording Instruments exports accounted up to ¥8.03M and imports accounted up to ¥220M, resulting in a negative trade balance of ¥212M. Between August 2023 and August 2024 the exports of Japan's   Time Recording Instruments have decreased by ¥-17.9M (-69%) from ¥25.9M to ¥8.03M, while imports decreased by ¥-76.1M (-25.7%) from ¥296M to ¥220M.

Destinations In August 2024, Time Recording Instruments were exported mostly to United States (¥6.44M), Bahrain (¥736k), Malaysia (¥388k), China (¥233k), and Thailand (¥228k), and were imported mostly from China (¥170M), Thailand (¥24.5M), Chinese Taipei (¥7.96M), United States (¥5.16M), and South Korea (¥3.06M).

Growth In August 2024, the decrease in Time Recording Instruments's year-by-year exports was explained primarily by a decrease in exports to Thailand (¥-2.03M or -91%) and United States (¥-2.02M or -69.5%). In August 2024, the decrease in Time Recording Instruments's year-by-year imports was explained primarily by a decrease in imports from Thailand (¥-1.07M or -13.6%) and Chinese Taipei (¥-870k or -11.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)¥-17.9M(-69%)
IMPORT GROWTH (August 2023 - August 2024)¥-76.1M(-25.7%)
MAIN EXPORTER (August 2024)Aichi¥31.4M
MAIN DESTINATION (August 2024)United States¥6.44M

This section shows Time Recording 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 Time Recording Instruments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.94M
IMPORTS (2022)$34M
NET TRADE (2022)-$32M

In 2022, Japan exported $1.94M in Time Recording Instruments. The main destinations of Japan exports on Time Recording Instruments were United States ($402k), Malaysia ($395k), Thailand ($105k), Philippines ($93.2k), and South Korea ($86.6k).

In 2022, Japan imported $34M in Time Recording Instruments, mainly from China ($22.1M), Indonesia ($7.49M), Hong Kong ($862k), Chinese Taipei ($843k), and Thailand ($691k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Time Recording Instruments EXPORT MARKETS FOR Japan WERE (2021 - 2022):
Malaysia$300k (318%)
Kuwait$54.2k (568%)
Philippines$49.6k (114%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Time Recording Instruments BY Japan WERE (2021 - 2022):
Germany-$190k (-77.1%)
Hong Kong-$95.6k (-68.2%)
Mexico-$78.5k (-95.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Japan's main exporting competitors in Time Recording Instruments were:
China $168M
France $41.2M
United States $24.5M
In 2022, Japan's main importing competitors in Time Recording Instruments were:
United States $54.5M
Germany $34.3M

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Trade Value of Time Recording Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $84.1k
TOP IMPORT POTENTIALUnited States+ $256k

Time Recording Instruments’s highest export potential is China. With an export gap of $84.1k.   Time Recording Instruments’s highest import potential is United States with an import gap of $256k.

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