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2022
Exports $55.6MWorld Rnk 3 / 129
Flag Rnk 1051 / 4518
2022
Destination $3.86M United States
2021 - 2022
FASTEST GROWING MARKET $3.86MChina
2022
Imports $10.1MWorld Rnk 10 / 190
Flag Rnk 2654 / 4526
2022
Origin $244k Germany
2021 - 2022
FASTEST GROWING ORIGIN $244kThailand
2022
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $55.6M in Tools for boring or broaching, making it the 3rd largest exporter of Tools for boring or broaching in the world. At the same year, Tools for boring or broaching was the 1051st most exported product in Japan. The main destination of Tools for boring or broaching exports from Japan are: United States ($16.9M), China ($11.4M), Thailand ($6.25M), Vietnam ($3.96M), and Mexico ($3.44M).

The fastest growing export markets for Tools for boring or broaching of Japan between 2021 and 2022 were China ($3.86M), United States ($1.03M), and Brazil ($587k).

Imports In 2022, Japan imported $10.1M in Tools for boring or broaching, becoming the 10th largest importer of Tools for boring or broaching in the world. At the same year, Tools for boring or broaching was the 2654th most imported product in Japan. Japan imports Tools for boring or broaching primarily from: Germany ($2.39M), Thailand ($1.9M), China ($1.45M), United States ($1.1M), and South Korea ($621k).

The fastest growing import markets in Tools for boring or broaching for Japan between 2021 and 2022 were Thailand ($244k), France ($133k), and Chinese Taipei ($109k).

COMPANIES In 2023, leading companies such as Kubota (7.96k), Toyota (3.5k), and Wismettac Asian Foods (2.45k) were at the forefront of shipping Tools for boring or broaching from Japan to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Japan's Tools for boring or broaching exports accounted up to ¥676M and imports accounted up to ¥116M, resulting in a positive trade balance of ¥560M. Between June 2023 and June 2024 the exports of Japan's   Tools for boring or broaching have increased by ¥13.4M (2.02%) from ¥663M to ¥676M, while imports increased by ¥47.7M (69.5%) from ¥68.6M to ¥116M.

Destinations In June 2024, Tools for boring or broaching were exported mostly to United States (¥265M), Thailand (¥85.9M), China (¥76.2M), South Korea (¥74.2M), and Mexico (¥43.5M), and were imported mostly from China (¥38.8M), Germany (¥31.9M), France (¥14.5M), South Korea (¥8.07M), and United States (¥7.08M).

Growth In June 2024, the increase in Tools for boring or broaching's year-by-year exports was explained primarily by an increase in exports to United States (¥32.4M or 27.2%), Germany (¥27.4M or 171%), and United Kingdom (¥14.4M or 5.56k%). In June 2024, the increase in Tools for boring or broaching's year-by-year imports was explained primarily by an increase in imports from Germany (¥35.2M or 275%), China (¥2.72M or 18.9%), and France (¥2.35M or 145%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)¥13.4M(2.02%)
IMPORT GROWTH (June 2023 - June 2024)¥47.7M(69.5%)
MAIN DESTINATION (June 2024)United States¥265M

This section shows Tools for boring or broaching'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 Tools for boring or broaching over time.

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Unit Prices

Flow
Value

The following visualization shows the unit prices for Tools for boring or broaching throughout time. Products without a clear unit are excluded.

Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$55.6M
IMPORTS (2022)$10.1M
NET TRADE (2022)$45.5M

In 2022, Japan exported $55.6M in Tools for boring or broaching. The main destinations of Japan exports on Tools for boring or broaching were United States ($16.9M), China ($11.4M), Thailand ($6.25M), Vietnam ($3.96M), and Mexico ($3.44M).

In 2022, Japan imported $10.1M in Tools for boring or broaching, mainly from Germany ($2.39M), Thailand ($1.9M), China ($1.45M), United States ($1.1M), and South Korea ($621k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tools for boring or broaching EXPORT MARKETS FOR Japan WERE (2021 - 2022):
China$3.86M (51.5%)
United States$1.03M (6.5%)
Brazil$587k (256%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tools for boring or broaching BY Japan WERE (2021 - 2022):
Mexico-$1.27M (-27%)
South Korea-$812k (-21.4%)
Thailand-$755k (-10.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Japan's main exporting competitors in Tools for boring or broaching were:
Germany $124M
United States $68.1M
In 2022, Japan's main importing competitors in Tools for boring or broaching were:
United States $71.3M
China $46.4M
Mexico $46.4M

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Trade Value of Tools for boring or broaching by Exporters

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