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2022
Flag → Flag
Exports $14.4BRnk 13 / 211
2022
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Top Product $1.33BPrecious Metal Compounds
2022
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Exports $5.99BRnk 25 / 217
2022
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Top Product $379MRefined Petroleum
2022
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Economic Complexity (ECI) ECI 2.07Rnk 1 / 133
2022
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Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
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GDP$4.23TCURRENT US$
Rnk 3 / 186
2012-2022
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GDP GROWTH-32.5%CURRENT US$
Rnk 182 / 186
2022
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 GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
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GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
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GDP PC $33,815CURRENT US$
Rnk 32 / 186
2012-2022
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GDP PC GROWTH-31.2%CURRENT US$
Rnk 178 / 186
2022
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GDP PC$2,389CURRENT US$
Rnk 140 / 186
2012-2022
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GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186

About

Japan-India Trade: In 2022, Japan exported $14.4B to India. The main products that Japan exported to India were Precious Metal Compounds ($1.33B), Refined Copper ($815M), and Motor vehicles; parts and accessories (8701 to 8705) ($684M). Over the past 5 years the exports of Japan to India have increased at an annualized rate of 9.3%, from $9.23B in 2017 to $14.4B in 2022.

In 2009, Japan exported services to India worth $2.69B, with Services not allocated ($1.34B), Other business services ($423M), and Royalties and license fees ($404M) being the largest in terms of value.

India-Japan Trade: In 2022, India exported $5.99B to Japan. The main products that India exported to Japan were Refined Petroleum ($379M), Crustaceans ($332M), and Raw Aluminium ($319M). Over the past 5 years the exports of India to Japan have increased at an annualized rate of 4.08%,  from $4.9B in 2017 to $5.99B in 2022.

In 2022, India did not export any services to Japan.

Comparison: In 2022,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B). That same year, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B).

Latest Trends

September, 2024

About

Overview In September 2024, Japan exported ¥235B and imported ¥84.6B from India, resulting in a positive trade balance of ¥150B. Between September 2023 and September 2024 the exports of Japan have increased by ¥36.4B (18.4%) from ¥198B to ¥235B, while imports increased by ¥15.7B (22.8%) from ¥68.9B to ¥84.6B.

Trade In September 2024, the top exports of Japan to India were Refined Copper (¥15.8B), Precious Metal Compounds (¥9.02B), Motor vehicles; parts and accessories (8701... (¥7.48B), Vinyl Chloride Polymers (¥5.87B), and Commodities not elsewhere specified (¥5.39B). In September 2024 the top imports of Japan from India were Diamonds (¥5.34B), Nitrogen Heterocyclic Compounds (¥3.72B), Raw Aluminium (¥3.62B), Ferroalloys (¥3.05B), and Crustaceans (¥2.97B).

Origins In September 2024 the exports of Japan were mainly from Chiba (¥48B), Aichi (¥36.9B), Hyōgo (¥30.4B), Kanagawa (¥25.1B), and Tokyo (¥13.4B), while imports destinations were mainly Chiba (¥15.2B), Aichi (¥14.1B), Tokyo (¥11.2B), Mie (¥11B), and Kanagawa (¥9.89B).

Growth In September 2024, the increase in Japan's year-by-year exports to India was explained primarily by an increase in product exports in Refined Copper (¥8.61B or 120%), Hot-Rolled Iron (¥3.78B or 1.3k%), and Motor vehicles; parts and accessories (8701... (¥3.51B or 88.4%). In September 2024, the increase in Japan's year-by-year imports  from India was explained primarily by an increase in product imports  in Soybean Meal (¥1.96B or 283%), Diamonds (¥1.65B or 44.7%), and Cars (¥1.45B or 109%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)¥36.4B(18.4%)
IMPORT GROWTH (September 2023 - September 2024)¥15.7B(22.8%)
MAIN EXPORTER (September 2024)Chiba¥48B

This section shows exports and imports data at subnational level for Japan. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Japan over time.

To check India and Japan trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore India and Japan Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Japan exported $14.4B to India. The main products exported from Japan to India were Precious Metal Compounds ($1.33B), Refined Copper ($815M), and Motor vehicles; parts and accessories (8701 to 8705) ($684M). During the last 5 years the exports of Japan to India have increased at an annualized rate of 9.3%, from $9.23B in 2017 to $14.4B in 2022.

In 2017, India exported $5.99B to Japan. The main products exported from India to Japan were Refined Petroleum ($379M), Crustaceans ($332M), and Raw Aluminium ($319M). During the last 5 years the exports of India to Japan have increased at an annualized rate of 4.08%, from $4.9B in 2022 to $5.99B in 2017.

Exports from Japan (Flag) to India (Flag) (2022)

Exports from India (Flag) to Japan (Flag) (2022)

Market Competitiveness

Color
Japan
Top DestinationUnited States$137B
India
Top DestinationUnited States$82.9B

This map shows whether countries import more from Japan or India. Each country is colored based on the difference in imports they receive from Japan and India or the difference in the growth in imports.

In 2022, countries that imported more from Japan than India included China ($135B), United States ($137B), and Chinese Taipei ($50.1B).

In 2022, countries that imported more from India than Japan included United Arab Emirates ($31.6B), Bangladesh ($13.8B), and Nepal ($8.66B).

Difference in imports from India (Flag) and Japan (Flag) (2022)

Comparative Advantage Japan - India

Flow
Scale

This chart compares trade between Japan and India by product, considering products traded by both, Japan and India.

During 2022, Japan had a large net trade with India in the exports of Machines ($4.12B), Chemical Products ($3.31B), and Metals ($2.85B).

During 2017, India had a large net trade with Japan in the exports of Chemical Products ($1.29B), Machines ($913M), and Metals ($767M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Japan India+$335MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential India Japan+$638MRefined Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Japan and India. This means that a dot/product with the flag of Japan indicates it has a comparative advantage over India. Similarly, a dot/product with the flag of India indicates it has a comparative advantage over Japan.

Product Space of Japan (Flag) and India (Flag) (2022)

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