Vehicle Parts in Japan 2019 Exports | Imports : $33.2B | $8.35B, World Rnk 3 / 225 Rnk 2 / 1200 | World Rnk 13 / 225 Rnk 11 / 1211
2018 - 2019 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $573M | $20.7M, Belgium | Malaysia
2019 ECONOMIC COMPLEXITY of Japan: 2.23, Rnk 1 / 147
2019 PRODUCT COMPLEXITY IN Vehicle Parts: 1.1, Rnk 141 / 1029
Exports In 2019, Japan exported $33.2B in Vehicle Parts, making it the 3rd largest exporter of Vehicle Parts in the world. At the same year, Vehicle Parts was the 2nd most exported product in Japan. The main destination of Vehicle Parts exports from Japan are: United States ($7.5B), China ($6.31B), Thailand ($2.7B), Mexico ($1.71B), and Indonesia ($1.62B).
The fastest growing export markets for Vehicle Parts of Japan between 2018 and 2019 were Belgium ($573M), Canada ($75.3M), and Saudi Arabia ($64.3M).
Imports In 2019, Japan imported $8.35B in Vehicle Parts, becoming the 13th largest importer of Vehicle Parts in the world. At the same year, Vehicle Parts was the 11th most imported product in Japan. Japan imports Vehicle Parts primarily from: China ($3.08B), Thailand ($900M), South Korea ($645M), Germany ($630M), and United States ($435M).
The fastest growing import markets in Vehicle Parts for Japan between 2018 and 2019 were Malaysia ($20.7M), United Arab Emirates ($11.6M), and Chinese Taipei ($6.09M).
June 2021
Overview In June 2021 Japan's Vehicle Parts exports accounted up to ¥307B and imports accounted up to ¥64.3B, resulting in a positive trade balance of ¥243B. Between June 2020 and June 2021 the exports of Japan's Vehicle Parts have increased by ¥165B (116%) from ¥142B to ¥307B, while imports increased by ¥23.6B (57.9%) from ¥40.7B to ¥64.3B.
Destinations In June 2021, Vehicle Parts were exported mostly to United States (¥80.6B), China (¥58.7B), Thailand (¥23.3B), Belgium (¥19.4B), and Mexico (¥14.9B), and were imported mostly from China (¥24.2B), Thailand (¥6.94B), Germany (¥5.7B), Vietnam (¥5.28B), and United States (¥3.75B).
Growth In June 2021, the increase in Vehicle Parts's year-by-year exports was explained primarily by an increase in exports to United States (¥51.9B or 181%), Belgium (¥16.1B or 486%), and Thailand (¥16.1B or 224%). In June 2021, the increase in Vehicle Parts's year-by-year imports was explained primarily by an increase in imports from China (¥11.1B or 85%), Vietnam (¥2.93B or 124%), and Thailand (¥2.36B or 51.4%).
EXPORT GROWTH (June 2020 - June 2021): ¥165B, (116%)
IMPORT GROWTH (June 2020 - June 2021): ¥23.6B, (57.9%)
MAIN EXPORTER (June 2021): Aichi, ¥187B
MAIN DESTINATION (June 2021): United States, ¥80.6B
This section shows Vehicle Parts'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 Vehicle Parts over time.
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EXPORTS (2019): $33.2B
IMPORTS (2019): $8.35B
NET TRADE (2019): $24.8B
In 2019, Japan exported $33.2B in Vehicle Parts. The main destinations of Japan exports on Vehicle Parts were United States ($7.5B), China ($6.31B), Thailand ($2.7B), Mexico ($1.71B), and Indonesia ($1.62B).
In 2019, Japan imported $8.35B in Vehicle Parts, mainly from China ($3.08B), Thailand ($900M), South Korea ($645M), Germany ($630M), and United States ($435M).
IN 2019, Japan HAD A POSITIVE NET TRADE IN Vehicle Parts WITH:
IN 2019, Japan HAD A NEGATIVE NET TRADE IN Vehicle Parts WITH:
THE FASTEST GROWING Vehicle Parts EXPORT MARKETS FOR Japan WERE (2018 - 2019):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vehicle Parts BY Japan WERE (2018 - 2019):
In 2019, Japan's main exporting competitors in Vehicle Parts were:
In 2019, Japan's main importing competitors in Vehicle Parts were:
In 2018, the tariffs for Vehicle Parts in the imports of Japan were of 0% around the world.