2023
Exports
$136MWorld Rnk 6 / 164
Flag Rnk 385 / 1209
2023
PRODUCT COMPLEXITY IN Drilling Machines
1.11Rnk 139 / 1025
2023
Imports
$49.9MWorld Rnk 17 / 213
Flag Rnk 712 / 1209
2023
ECONOMIC COMPLEXITY of Japan
2.07Rnk 1 / 132

About

Exports In 2023, Japan exported $136M in Drilling Machines, making it the 6th largest exporter of Drilling Machines in the world. At the same year, Drilling Machines was the 385th most exported product in Japan. The main destination of Drilling Machines exports from Japan are: China ($27.8M), Thailand ($26.2M), United States ($23.5M), Indonesia ($10.9M), and South Korea ($8.2M).

The fastest growing export markets for Drilling Machines of Japan between 2022 and 2023 were Thailand ($8.28M), Indonesia ($6.75M), and Australia ($2.01M).

Imports In 2023, Japan imported $49.9M in Drilling Machines, becoming the 17th largest importer of Drilling Machines in the world. At the same year, Drilling Machines was the 712th most imported product in Japan. Japan imports Drilling Machines primarily from: Austria ($19.2M), Germany ($9.41M), Poland ($5.67M), Finland ($3.63M), and Chinese Taipei ($2.37M).

The fastest growing import markets in Drilling Machines for Japan between 2022 and 2023 were Austria ($19.2M), Finland ($3.28M), and Poland ($1.39M).

COMPANIES In 2023, leading companies such as Panasonic (1) and Toyota (1) were at the forefront of shipping Drilling Machines from Japan to the United States.

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)¥829M(109%)
IMPORT GROWTH (November 2023 - November 2024)¥-133M(-57.6%)
MAIN EXPORTER (November 2024)Kanagawa¥751M
MAIN DESTINATION (November 2024)Mexico¥402M

This section shows Drilling Machines'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 Drilling Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$136M
IMPORTS (2023)$49.9M
NET TRADE (2023)$86.3M

In 2023, Japan exported $136M in Drilling Machines. The main destinations of Japan exports on Drilling Machines were China ($27.8M), Thailand ($26.2M), United States ($23.5M), Indonesia ($10.9M), and South Korea ($8.2M).

In 2023, Japan imported $49.9M in Drilling Machines, mainly from Austria ($19.2M), Germany ($9.41M), Poland ($5.67M), Finland ($3.63M), and Chinese Taipei ($2.37M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Drilling Machines EXPORT MARKETS FOR Japan WERE (2022 - 2023):
Thailand$8.28M (46.2%)
Indonesia$6.75M (162%)
Australia$2.01M (357%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Drilling Machines BY Japan WERE (2022 - 2023):
Vietnam-$18.2M (-79.2%)
United States-$7.89M (-25.2%)
South Korea-$6.22M (-43.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Japan's main exporting competitors in Drilling Machines were:
In 2023, Japan's main importing competitors in Drilling Machines were:

Explore Visualizations

Trade Value of Drilling Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $5.97M
TOP IMPORT POTENTIALChina+ $3.49M

Drilling Machines’s highest export potential is China. With an export gap of $5.97M.   Drilling Machines’s highest import potential is China with an import gap of $3.49M.

See methodology.

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