Balances in Japan | The Observatory of Economic Complexity

About

Exports In 2022, Japan exported $21M in Balances, making it the 5th largest exporter of Balances in the world. At the same year, Balances was the 682nd most exported product in Japan. The main destination of Balances exports from Japan are: South Korea ($3.32M), India ($2.51M), United States ($1.99M), Hong Kong ($1.96M), and China ($1.37M).

The fastest growing export markets for Balances of Japan between 2021 and 2022 were India ($535k), Vietnam ($516k), and Chinese Taipei ($273k).

Imports In 2022, Japan imported $13.1M in Balances, becoming the 10th largest importer of Balances in the world. At the same year, Balances was the 956th most imported product in Japan. Japan imports Balances primarily from: Philippines ($4.6M), China ($4.27M), Germany ($2.95M), South Korea ($493k), and Chinese Taipei ($342k).

The fastest growing import markets in Balances for Japan between 2021 and 2022 were Philippines ($1.25M), China ($372k), and Chinese Taipei ($215k).

COMPANIES In 2023, leading companies such as YAMAHA CORPORATION OF AMERICA (1) were at the forefront of shipping Balances from Japan to the United States.

Latest Trends

March 2024

About

Overview In March 2024 Japan's Balances exports accounted up to ¥265M and imports accounted up to ¥344M, resulting in a negative trade balance of ¥78.4M. Between March 2023 and March 2024 the exports of Japan's Balances have increased by ¥56.4M (27%) from ¥209M to ¥265M, while imports increased by ¥133M (62.9%) from ¥211M to ¥344M.

Destinations In March 2024, Balances were exported mostly to United States (¥56.6M), South Korea (¥31.4M), Hong Kong (¥23M), India (¥22.9M), and Bangladesh (¥18.1M), and were imported mostly from Switzerland (¥231M), Philippines (¥47.3M), Germany (¥30.7M), China (¥29.7M), and South Korea (¥3.13M).

Growth In March 2024, the increase in Balances's year-by-year exports was explained primarily by an increase in exports to Hong Kong (¥12.6M or 238%), Russia (¥12.5M or 210%), and United Arab Emirates (¥8.94M or 117%). In March 2024, the increase in Balances's year-by-year imports was explained primarily by an increase in imports from Switzerland (¥102M or 121%), Philippines (¥35.8M or 316%), and South Korea (¥6.77M or 548%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)¥56.4M(27%)

IMPORT GROWTH (March 2023 - March 2024)¥133M(62.9%)

MAIN EXPORTER (March 2024)Tokyo¥137M

MAIN DESTINATION (March 2024)United States¥56.6M

This section shows Balances'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 Balances over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$21M

IMPORTS (2022)$13.1M

NET TRADE (2022)$7.93M

In 2022, Japan exported $21M in Balances. The main destinations of Japan exports on Balances were South Korea ($3.32M), India ($2.51M), United States ($1.99M), Hong Kong ($1.96M), and China ($1.37M).

In 2022, Japan imported $13.1M in Balances, mainly from Philippines ($4.6M), China ($4.27M), Germany ($2.95M), South Korea ($493k), and Chinese Taipei ($342k).

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