2023
Exports
$704MWorld Rnk 2 / 188
Flag Rnk 149 / 1209
2023
PRODUCT COMPLEXITY IN Electrical Parts
-1.22Rnk 881 / 1025
2023
Imports
$77MWorld Rnk 14 / 214
Flag Rnk 623 / 1209
2023
ECONOMIC COMPLEXITY of Japan
2.07Rnk 1 / 132

About

Exports In 2023, Japan exported $704M in Electrical Parts, making it the 2nd largest exporter of Electrical Parts in the world. At the same year, Electrical Parts was the 149th most exported product in Japan. The main destination of Electrical Parts exports from Japan are: China ($321M), Hong Kong ($128M), South Korea ($46.3M), Germany ($40.3M), and United States ($35.7M).

The fastest growing export markets for Electrical Parts of Japan between 2022 and 2023 were Netherlands ($8.66M), Vietnam ($3.23M), and Turkey ($2.4M).

Imports In 2023, Japan imported $77M in Electrical Parts, becoming the 14th largest importer of Electrical Parts in the world. At the same year, Electrical Parts was the 623rd most imported product in Japan. Japan imports Electrical Parts primarily from: China ($38.9M), Thailand ($12.9M), Malaysia ($10.3M), Vietnam ($4.63M), and Italy ($2.64M).

The fastest growing import markets in Electrical Parts for Japan between 2022 and 2023 were Italy ($2.41M), United States ($302k), and Cambodia ($134k).

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)¥531M(6.31%)
IMPORT GROWTH (November 2023 - November 2024)¥-185M(-25.2%)
MAIN EXPORTER (November 2024)Chiba¥6.39B
MAIN DESTINATION (November 2024)China¥2.74B

This section shows Electrical Parts'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 Electrical Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$704M
IMPORTS (2023)$77M
NET TRADE (2023)$626M

In 2023, Japan exported $704M in Electrical Parts. The main destinations of Japan exports on Electrical Parts were China ($321M), Hong Kong ($128M), South Korea ($46.3M), Germany ($40.3M), and United States ($35.7M).

In 2023, Japan imported $77M in Electrical Parts, mainly from China ($38.9M), Thailand ($12.9M), Malaysia ($10.3M), Vietnam ($4.63M), and Italy ($2.64M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electrical Parts EXPORT MARKETS FOR Japan WERE (2022 - 2023):
Netherlands$8.66M (477%)
Vietnam$3.23M (21.2%)
Turkey$2.4M (104%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Parts BY Japan WERE (2022 - 2023):
China-$42.3M (-11.6%)
Hong Kong-$31.8M (-19.9%)
Germany-$26.5M (-39.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

Explore Visualizations

Trade Value of Electrical Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMexico+ $3.39M
TOP IMPORT POTENTIALUnited States+ $2.01M

Electrical Parts’s highest export potential is Mexico. With an export gap of $3.39M.   Electrical Parts’s highest import potential is United States with an import gap of $2.01M.

See methodology.

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