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2023
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Exports $5.89BRnk 23 / 211
2023
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Top Product $1.09BCars
2023
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Exports $10.9BRnk 14 / 219
2023
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Top Product $1.02BTrunks and Cases
2023
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Economic Complexity (ECI) ECI 2.07Rnk 1 / 132
2023
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Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
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GDP$4.2TCURRENT US$
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2013-2023
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GDP GROWTH-19.3%CURRENT US$
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2023
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 GDP$2.3TCURRENT US$
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2013-2023
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GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
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GDP PC $33,767CURRENT US$
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2013-2023
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GDP PC GROWTH-17.4%CURRENT US$
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2023
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GDP PC$39,003CURRENT US$
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2013-2023
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GDP PC GROWTH9.11%CURRENT US$
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About

Japan-Italy Trade: In 2023, Japan exported $5.89B to Italy. The main products that Japan exported to Italy were Cars ($1.09B), Motorcycles and cycles ($381M), and Hot-Rolled Iron ($348M). Over the past 5 years the exports of Japan to Italy have increased at an annualized rate of 5.96%, from $4.41B in 2018 to $5.89B in 2023.

In 2009, Japan exported services to Italy worth $1.61B, with Services not allocated ($801M), Transportation ($301M), and Other business services ($250M) being the largest in terms of value.

Italy-Japan Trade: In 2023, Italy exported $10.9B to Japan. The main products that Italy exported to Japan were Trunks and Cases ($1.02B), Cars ($929M), and Processed Tobacco ($912M). Over the past 5 years the exports of Italy to Japan have increased at an annualized rate of 1.92%,  from $9.88B in 2018 to $10.9B in 2023.

In 2020, Italy exported services to Japan worth $666M, with Travel ($280M), Other business services ($185M), and Transportation ($74.5M) being the largest in terms of value.

Comparison: In 2023,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($766B). That same year, Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B).

Latest Trends

November, 2024

About

Overview In November 2024, Japan exported ¥60.1B and imported ¥157B from Italy, resulting in a negative trade balance of ¥96.7B. Between November 2023 and November 2024 the exports of Japan have decreased by ¥-9.59B (-13.8%) from ¥69.7B to ¥60.1B, while imports decreased by ¥-2.61B (-1.64%) from ¥159B to ¥157B.

Trade In November 2024, the top exports of Japan to Italy were Cars (¥9.17B), Motorcycles and cycles (¥4.99B), Delivery Trucks (¥2.61B), Oxygen Heterocyclic Compounds (¥2.48B), and Commodities not elsewhere specified (¥2.13B). In November 2024 the top imports of Japan from Italy were Trunks and Cases (¥14.8B), Cars (¥12.2B), Inhalable tobacco/nicotine products (¥8.51B), Jewellery (¥5.56B), and Leather Footwear (¥3.36B).

Origins In November 2024 the exports of Japan were mainly from Aichi (¥11.1B), Fukuoka (¥9.11B), Chiba (¥8.91B), Osaka (¥7.61B), and Kanagawa (¥5.35B), while imports destinations were mainly Chiba (¥69.9B), Tokyo (¥30.5B), Hyōgo (¥17.3B), Osaka (¥15.3B), and Aichi (¥12.2B).

Growth In November 2024, the decrease in Japan's year-by-year exports to Italy was explained primarily by an decrease in product exports in Air Pumps (¥-975M or -67.7%), Cold-Rolled Iron (¥-734M or -69.6%), and Motor vehicles; parts and accessories (8701... (¥-660M or -62.4%). In November 2024, the decrease in Japan's year-by-year imports  from Italy was explained primarily by an decrease in product imports  in Inhalable tobacco/nicotine products (¥-18.6B or -68.6%), Packaged Medicaments (¥-4.03B or -56.5%), and Vaccines, blood, antisera, toxins and cultures (¥-1.71B or -91.2%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)¥-9.59B(-13.8%)
IMPORT GROWTH (November 2023 - November 2024)¥-2.61B(-1.64%)
MAIN EXPORTER (November 2024)Aichi¥11.1B

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 Italy and Japan trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Italy and Japan Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Japan exported $5.89B to Italy. The main products exported from Japan to Italy were Cars ($1.09B), Motorcycles and cycles ($381M), and Hot-Rolled Iron ($348M). During the last 5 years the exports of Japan to Italy have increased at an annualized rate of 5.96%, from $4.41B in 2018 to $5.89B in 2023.

In 2018, Italy exported $10.9B to Japan. The main products exported from Italy to Japan were Trunks and Cases ($1.02B), Cars ($929M), and Processed Tobacco ($912M). During the last 5 years the exports of Italy to Japan have increased at an annualized rate of 1.92%, from $9.88B in 2023 to $10.9B in 2018.

Exports from Japan (Flag) to Italy (Flag) (2023)

Exports from Italy (Flag) to Japan (Flag) (2023)

Market Competitiveness

Color
Japan
Top DestinationUnited States$143B
Italy
Top DestinationGermany$71.4B

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

In 2023, countries that imported more from Japan than Italy included China ($138B), United States ($143B), and Chinese Taipei ($43B).

In 2023, countries that imported more from Italy than Japan included France ($61.1B), Germany ($71.4B), and Spain ($30.1B).

Difference in imports from Italy (Flag) and Japan (Flag) (2023)

Comparative Advantage Japan - Italy

Flow
Scale

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

During 2023, Japan had a large net trade with Italy in the exports of Transportation ($1.87B), Machines ($1.62B), and Metals ($715M).

During 2018, Italy had a large net trade with Japan in the exports of Chemical Products ($1.78B), Foodstuffs ($1.6B), and Transportation ($1.3B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Japan Italy+$493MCars
Top Product Potential Italy Japan+$268MPackaged Medicaments

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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Bilateral Service Trade

In 2009, Japan exported services to Italy worth $1.61B, with Services not allocated ($801M), Transportation ($301M), and Other business services ($250M) being the largest in terms of value.

In 2020, Italy exported services to Japan worth $666M, with Travel ($280M), Other business services ($185M), and Transportation ($74.5M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Japan (Flag) to Italy (Flag) (2009)

Services Exports from Italy (Flag) to Japan (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Japan (Flag) and Italy (Flag) (2023)

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