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2022
Exports $177MWorld Rnk 1 / 131
Flag Rnk 540 / 4518
falsefalse Singapore
2021 - 2022
FASTEST GROWING MARKETfalseSouth Korea
2022
Imports $25.3MWorld Rnk 6 / 189
Flag Rnk 1909 / 4526
2021 - 2022
FASTEST GROWING ORIGINfalseN/A
2022
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $177M in Tools for turning, making it the 1st largest exporter of Tools for turning in the world. At the same year, Tools for turning was the 540th most exported product in Japan. The main destination of Tools for turning exports from Japan are: Singapore ($39.5M), South Korea ($28.5M), China ($27.5M), Germany ($16.1M), and Hong Kong ($15.7M).

The fastest growing export markets for Tools for turning of Japan between 2021 and 2022 were South Korea ($17.5M), China ($14.7M), and Germany ($12.5M).

Imports In 2022, Japan imported $25.3M in Tools for turning, becoming the 6th largest importer of Tools for turning in the world. At the same year, Tools for turning was the 1909th most imported product in Japan. Japan imports Tools for turning primarily from: Ireland ($14.3M), China ($3.81M), Mexico ($2.17M), Chinese Taipei ($1.24M), and United States ($740k).

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 turning from Japan to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Japan's Tools for turning exports accounted up to ¥5.01B and imports accounted up to ¥166M, resulting in a positive trade balance of ¥4.85B. Between June 2023 and June 2024 the exports of Japan's   Tools for turning have increased by ¥1.5B (42.8%) from ¥3.51B to ¥5.01B, while imports decreased by ¥-33.9M (-17%) from ¥200M to ¥166M.

Destinations In June 2024, Tools for turning were exported mostly to China (¥1.16B), Chinese Taipei (¥912M), South Korea (¥641M), Singapore (¥527M), and Germany (¥469M), and were imported mostly from China (¥59.7M), Ireland (¥44.3M), Chinese Taipei (¥12M), South Korea (¥9.98M), and United States (¥9.24M).

Growth In June 2024, the increase in Tools for turning's year-by-year exports was explained primarily by an increase in exports to Germany (¥71.3M or 40.4%), Thailand (¥15.3M or 18.3%), and Italy (¥11.9M or 978%). In June 2024, the decrease in Tools for turning's year-by-year imports was explained primarily by a decrease in imports from United States (¥-17.1M or -63.9%), China (¥-10M or -21%), and Germany (¥-8.47M or -69.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)¥1.5B(42.8%)
IMPORT GROWTH (June 2023 - June 2024)¥-33.9M(-17%)
MAIN DESTINATION (June 2024)China¥1.16B

This section shows Tools for turning'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 turning over time.

For full datasets download visit Bulk Download page.

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Unit Prices

Flow
Value

The following visualization shows the unit prices for Tools for turning 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)$177M
IMPORTS (2022)$25.3M
NET TRADE (2022)$152M

In 2022, Japan exported $177M in Tools for turning. The main destinations of Japan exports on Tools for turning were Singapore ($39.5M), South Korea ($28.5M), China ($27.5M), Germany ($16.1M), and Hong Kong ($15.7M).

In 2022, Japan imported $25.3M in Tools for turning, mainly from Ireland ($14.3M), China ($3.81M), Mexico ($2.17M), Chinese Taipei ($1.24M), and United States ($740k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tools for turning EXPORT MARKETS FOR Japan WERE (2021 - 2022):
South Korea$17.5M (160%)
China$14.7M (115%)
Germany$12.5M (350%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tools for turning BY Japan WERE (2021 - 2022):
Thailand-$5.1M (-66.2%)
Hong Kong-$4.43M (-21.9%)
United States-$1.99M (-11.6%)
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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 turning were:
Germany $76.4M
China $64.3M
In 2022, Japan's main importing competitors in Tools for turning were:
Germany $70M
China $65.3M
United States $51.6M

Explore Visualizations

Trade Value of Tools for turning by Exporters

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