HS Icon Vehicle Parts in  Flag Japan

2019
Exports | Imports
: $33.2B | $8.35B, World Rnk 3 / 225
Flag Rnk 2 / 1200 | World Rnk 13 / 225
Flag 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).

Latest Trends (May 2021)

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Overview: In May 2021 Japan's Vehicle Parts exports accounted up to ¥275B and imports accounted up to ¥59.3B, resulting in a positive trade balance of ¥216B. Between May 2020 and May 2021 the exports of Japan's   Vehicle Parts have increased by ¥161B (141%) from ¥114B to ¥275B, while imports increased by ¥21.5B (56.9%) from ¥37.8B to ¥59.3B.

Destinations: In May 2021, Vehicle Parts were exported mostly to United States (¥68.8B), China (¥54.6B), Thailand (¥20.3B), Belgium (¥16.1B), and Mexico (¥12.2B), and were imported mostly from China (¥22.1B), Thailand (¥6.84B), Germany (¥4.32B), United States (¥3.61B), and Vietnam (¥3.44B).

Growth: In May 2021, the increase in Vehicle Parts's year-by-year exports was explained primarily by an increase in exports to United States (¥51.3B or 293%), Belgium (¥13.9B or 641%), and Indonesia (¥10B or 575%). In May 2021, the increase in Vehicle Parts's year-by-year imports was explained primarily by an increase in imports from China (¥9.84B or 80.5%), Thailand (¥2.28B or 50%), and Mexico (¥1.4B or 101%).

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (May 2020 - May 2021): ¥161B, (141%)

IMPORT GROWTH (May 2020 - May 2021): ¥21.5B, (56.9%)

MAIN EXPORTER (May 2021): Aichi, ¥166B

MAIN DESTINATION (May 2021): United States, ¥68.8B

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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Historical Data

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Value

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).

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IN 2019, Japan HAD A POSITIVE NET TRADE IN Vehicle Parts WITH:

IN 2019, Japan HAD A NEGATIVE NET TRADE IN Vehicle Parts WITH:

Flow

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):

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Market Concentration

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Flow
Type

In 2018, Japan's main exporting competitors in Vehicle Parts were:

In 2018, Japan's main importing competitors in Vehicle Parts were:

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Tariffs by Country

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In 2018, the tariffs for Vehicle Parts in the imports of Japan were of 0% around the world.