Time Switches in Japan 2021 Exports | Imports : $2.7M | $18M, World Rnk 19 / 113 Rnk 935 / 1206 | World Rnk 8 / 195 Rnk 915 / 1213
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $429k | $1.44M, Saudi Arabia | Indonesia
2021 ECONOMIC COMPLEXITY of Japan: 2.06, Rnk 1 / 131
2021 PRODUCT COMPLEXITY IN Time Switches: 0.77, Rnk 255 / 1024
Exports In 2021, Japan exported $2.7M in Time Switches, making it the 19th largest exporter of Time Switches in the world. At the same year, Time Switches was the 935th most exported product in Japan. The main destination of Time Switches exports from Japan are: Saudi Arabia ($856k), Singapore ($311k), United States ($234k), Germany ($148k), and United Arab Emirates ($145k).
The fastest growing export markets for Time Switches of Japan between 2020 and 2021 were Saudi Arabia ($429k), Singapore ($114k), and United Arab Emirates ($78.1k).
Imports In 2021, Japan imported $18M in Time Switches, becoming the 8th largest importer of Time Switches in the world. At the same year, Time Switches was the 915th most imported product in Japan. Japan imports Time Switches primarily from: Indonesia ($8.01M), China ($7.17M), Chinese Taipei ($1.26M), Thailand ($364k), and Vietnam ($244k).
The fastest growing import markets in Time Switches for Japan between 2020 and 2021 were Indonesia ($1.44M), Thailand ($275k), and Poland ($133k).
May 2023
Overview In May 2023 Japan's Time Switches exports accounted up to ¥33.7M and imports accounted up to ¥163M, resulting in a negative trade balance of ¥130M. Between May 2022 and May 2023 the exports of Japan's Time Switches have increased by ¥11.6M (52.5%) from ¥22.1M to ¥33.7M, while imports decreased by ¥-30M (-15.5%) from ¥193M to ¥163M.
Destinations In May 2023, Time Switches were exported mostly to Saudi Arabia (¥8.91M), United States (¥6.64M), United Arab Emirates (¥4.88M), Singapore (¥3.01M), and Hong Kong (¥2.25M), and were imported mostly from China (¥74.6M), Indonesia (¥55.8M), Taiwan (¥19.9M), Slovakia (¥5.11M), and Thailand (¥4.26M).
Growth In May 2023, the increase in Time Switches's year-by-year exports was explained primarily by an increase in exports to Germany (¥462k or 54.2%). In May 2023, the decrease in Time Switches's year-by-year imports was explained primarily by a decrease in imports from China (¥-42.4M or -32.2%), United States (¥-11.1M or -98.1%), and Slovakia (¥-1.11M or -34.1%).
EXPORT GROWTH (May 2022 - May 2023): ¥11.6M, (52.5%)
IMPORT GROWTH (May 2022 - May 2023): ¥-30M, (-15.5%)
MAIN EXPORTER (May 2023): Hyōgo, ¥22.8M
MAIN DESTINATION (May 2023): Saudi Arabia, ¥8.91M
This section shows Time Switches'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 Switches over time.
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EXPORTS (2021): $2.7M
IMPORTS (2021): $18M
NET TRADE (2021): -$15.3M
In 2021, Japan exported $2.7M in Time Switches. The main destinations of Japan exports on Time Switches were Saudi Arabia ($856k), Singapore ($311k), United States ($234k), Germany ($148k), and United Arab Emirates ($145k).
In 2021, Japan imported $18M in Time Switches, mainly from Indonesia ($8.01M), China ($7.17M), Chinese Taipei ($1.26M), Thailand ($364k), and Vietnam ($244k).
THE FASTEST GROWING Time Switches EXPORT MARKETS FOR Japan WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Time Switches BY Japan WERE (2020 - 2021):
In 2021, Japan's main exporting competitors in Time Switches were:
In 2021, Japan's main importing competitors in Time Switches were:
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