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2022
Exports $355MWorld Rnk 5 / 159
Flag Rnk 251 / 1213
2022
Destination $11.7M China
2021 - 2022
FASTEST GROWING MARKET $11.7MVietnam
2022
PRODUCT COMPLEXITY IN Electric Furnaces1.31Rnk 93 / 1025
2022
Imports $139MWorld Rnk 12 / 209
Flag Rnk 491 / 1214
2022
Origin $5.04M China
2021 - 2022
FASTEST GROWING ORIGIN $5.04MChina
2022
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $355M in Electric Furnaces, making it the 5th largest exporter of Electric Furnaces in the world. At the same year, Electric Furnaces was the 251st most exported product in Japan. The main destination of Electric Furnaces exports from Japan are: China ($87.5M), United States ($73.6M), South Korea ($42.9M), Chinese Taipei ($32M), and Vietnam ($23.5M).

The fastest growing export markets for Electric Furnaces of Japan between 2021 and 2022 were Vietnam ($11.7M), Philippines ($5.12M), and United States ($4.76M).

Imports In 2022, Japan imported $139M in Electric Furnaces, becoming the 12th largest importer of Electric Furnaces in the world. At the same year, Electric Furnaces was the 491st most imported product in Japan. Japan imports Electric Furnaces primarily from: China ($50M), Germany ($15.6M), United States ($14.3M), Italy ($10.9M), and South Korea ($8.88M).

The fastest growing import markets in Electric Furnaces for Japan between 2021 and 2022 were China ($5.04M), Vietnam ($3.96M), and France ($1.73M).

COMPANIES In 2023, leading companies such as CNH Industrial (102), YAMAHA CORPORATION OF AMERICA (28), and Toshiba (18) were at the forefront of shipping Electric Furnaces from Japan to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Japan's Electric Furnaces exports accounted up to ¥3.39B and imports accounted up to ¥2.28B, resulting in a positive trade balance of ¥1.12B. Between July 2023 and July 2024 the exports of Japan's   Electric Furnaces have decreased by ¥-600M (-15%) from ¥3.99B to ¥3.39B, while imports increased by ¥214M (10.4%) from ¥2.06B to ¥2.28B.

Destinations In July 2024, Electric Furnaces were exported mostly to China (¥923M), South Korea (¥650M), Malaysia (¥319M), Serbia (¥276M), and Hong Kong (¥248M), and were imported mostly from United States (¥715M), China (¥693M), Germany (¥199M), Italy (¥171M), and Austria (¥142M).

Growth In July 2024, the decrease in Electric Furnaces's year-by-year exports was explained primarily by a decrease in exports to China (¥-919M or -70.2%), Thailand (¥-102M or -56%), and Indonesia (¥-82.3M or -56.1%). In July 2024, the increase in Electric Furnaces's year-by-year imports was explained primarily by an increase in imports from China (¥526M or 143%), United Kingdom (¥147M or 2.07k%), and Vietnam (¥44.6M or 94.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)¥-600M(-15%)
IMPORT GROWTH (July 2023 - July 2024)¥214M(10.4%)
MAIN EXPORTER (July 2024)Kanagawa¥1.97B
MAIN DESTINATION (July 2024)China¥923M

This section shows Electric Furnaces'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 Electric Furnaces over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$355M
IMPORTS (2022)$139M
NET TRADE (2022)$216M

In 2022, Japan exported $355M in Electric Furnaces. The main destinations of Japan exports on Electric Furnaces were China ($87.5M), United States ($73.6M), South Korea ($42.9M), Chinese Taipei ($32M), and Vietnam ($23.5M).

In 2022, Japan imported $139M in Electric Furnaces, mainly from China ($50M), Germany ($15.6M), United States ($14.3M), Italy ($10.9M), and South Korea ($8.88M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Furnaces EXPORT MARKETS FOR Japan WERE (2021 - 2022):
Vietnam$11.7M (99.3%)
Philippines$5.12M (68.5%)
United States$4.76M (6.91%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Furnaces BY Japan WERE (2021 - 2022):
Chinese Taipei-$40.9M (-56.1%)
Sweden-$28.2M (-99.4%)
Germany-$27.9M (-83%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Japan's main exporting competitors in Electric Furnaces were:
China $1.22B
Germany $882M
Italy $722M
In 2022, Japan's main importing competitors in Electric Furnaces were:
China $759M
United States $660M
Indonesia $306M

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Trade Value of Electric Furnaces by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $12.5M
TOP IMPORT POTENTIALChina+ $11.1M

Electric Furnaces’s highest export potential is China. With an export gap of $12.5M.   Electric Furnaces’s highest import potential is China with an import gap of $11.1M.

See methodology.

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