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2022
Exports $25.8MWorld Rnk 3 / 74
Flag Rnk 648 / 1213
2022
Destination $857k Germany
2021 - 2022
FASTEST GROWING MARKET $857kUnited States
2022
Imports $28.1MWorld Rnk 4 / 156
Flag Rnk 835 / 1214
2022
Origin $902k China
2021 - 2022
FASTEST GROWING ORIGIN $902kUruguay
2022
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $25.8M in Wool Grease, making it the 3rd largest exporter of Wool Grease in the world. At the same year, Wool Grease was the 648th most exported product in Japan. The main destination of Wool Grease exports from Japan are: Germany ($9.9M), United States ($8.41M), Belgium ($1.71M), United Kingdom ($1.46M), and Brazil ($1.02M).

The fastest growing export markets for Wool Grease of Japan between 2021 and 2022 were United States ($857k), Belgium ($607k), and United Kingdom ($384k).

Imports In 2022, Japan imported $28.1M in Wool Grease, becoming the 4th largest importer of Wool Grease in the world. At the same year, Wool Grease was the 835th most imported product in Japan. Japan imports Wool Grease primarily from: China ($17.7M), New Zealand ($4.75M), United Kingdom ($2.42M), Australia ($1.36M), and Uruguay ($1.26M).

The fastest growing import markets in Wool Grease for Japan between 2021 and 2022 were Uruguay ($902k), New Zealand ($567k), and United Kingdom ($494k).

Latest Trends

October 2024

About

Overview In October 2024 Japan's Wool Grease exports accounted up to ¥263M and imports accounted up to ¥166M, resulting in a positive trade balance of ¥97.3M. Between October 2023 and October 2024 the exports of Japan's   Wool Grease have increased by ¥30.1M (12.9%) from ¥233M to ¥263M, while imports increased by ¥101M (156%) from ¥64.9M to ¥166M.

Destinations In October 2024, Wool Grease were exported mostly to United States (¥124M), Germany (¥90.3M), United Kingdom (¥12.6M), Australia (¥9.82M), and South Korea (¥6.65M), and were imported mostly from China (¥112M), United Kingdom (¥44.1M), New Zealand (¥8.35M), and Belgium (¥1.56M).

Growth In October 2024, the increase in Wool Grease's year-by-year exports was explained primarily by an increase in exports to South Korea (¥1.23M or 17.7%), United States (¥770k or 2.75%), and Thailand (¥432k or 134%). In October 2024, the increase in Wool Grease's year-by-year imports was explained primarily by an increase in imports from Uruguay (¥15M or 164%), Australia (¥6.49M or 22.6%), and United Kingdom (¥3.57M or 14.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)¥30.1M(12.9%)
IMPORT GROWTH (October 2023 - October 2024)¥101M(156%)
MAIN EXPORTER (October 2024)Hyōgo¥328M
MAIN DESTINATION (October 2024)United States¥124M

This section shows Wool Grease'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 Wool Grease over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$25.8M
IMPORTS (2022)$28.1M
NET TRADE (2022)-$2.28M

In 2022, Japan exported $25.8M in Wool Grease. The main destinations of Japan exports on Wool Grease were Germany ($9.9M), United States ($8.41M), Belgium ($1.71M), United Kingdom ($1.46M), and Brazil ($1.02M).

In 2022, Japan imported $28.1M in Wool Grease, mainly from China ($17.7M), New Zealand ($4.75M), United Kingdom ($2.42M), Australia ($1.36M), and Uruguay ($1.26M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wool Grease EXPORT MARKETS FOR Japan WERE (2021 - 2022):
United States$857k (11.3%)
Belgium$607k (54.9%)
United Kingdom$384k (35.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wool Grease BY Japan WERE (2021 - 2022):
Australia-$121k (-35%)
Chinese Taipei-$102k (-76.2%)
Colombia-$99.3k (-83.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Japan's main exporting competitors in Wool Grease were:
China $76M
United Kingdom $50.3M
In 2022, Japan's main importing competitors in Wool Grease were:
Germany $47.9M
United States $35.1M
United Kingdom $29.8M

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Trade Value of Wool Grease by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $226k
TOP IMPORT POTENTIALItaly+ $113k

Wool Grease’s highest export potential is China. With an export gap of $226k.   Wool Grease’s highest import potential is Italy with an import gap of $113k.

See methodology.

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