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2022
Exports $2.82BWorld Rnk 4 / 218
Flag Rnk 59 / 1213
2022
Destination $12.2M China
2021 - 2022
FASTEST GROWING MARKET $12.2MCzechia
2022
PRODUCT COMPLEXITY IN Electrical Power Accessories0.91Rnk 204 / 1025
2022
Imports $833MWorld Rnk 13 / 225
Flag Rnk 156 / 1214
2022
Origin $27.1M China
2021 - 2022
FASTEST GROWING ORIGIN $27.1MChina
2022
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $2.82B in Electrical Power Accessories, making it the 4th largest exporter of Electrical Power Accessories in the world. At the same year, Electrical Power Accessories was the 59th most exported product in Japan. The main destination of Electrical Power Accessories exports from Japan are: China ($863M), United States ($246M), South Korea ($237M), Vietnam ($219M), and Philippines ($207M).

The fastest growing export markets for Electrical Power Accessories of Japan between 2021 and 2022 were Czechia ($12.2M), Luxembourg ($8.09M), and South Korea ($6.16M).

Imports In 2022, Japan imported $833M in Electrical Power Accessories, becoming the 13th largest importer of Electrical Power Accessories in the world. At the same year, Electrical Power Accessories was the 156th most imported product in Japan. Japan imports Electrical Power Accessories primarily from: China ($421M), Vietnam ($67.8M), Germany ($50M), Thailand ($45.3M), and United States ($44.7M).

The fastest growing import markets in Electrical Power Accessories for Japan between 2021 and 2022 were China ($27.1M), Vietnam ($11.4M), and Chinese Taipei ($7.3M).

COMPANIES In 2023, leading companies such as TE Connectivity (69), Panasonic (14), and Toshiba (9) were at the forefront of shipping Electrical Power Accessories from Japan to the United States.

Latest Trends

September 2024

About

Overview In September 2024 Japan's Electrical Power Accessories exports accounted up to ¥26B and imports accounted up to ¥10.2B, resulting in a positive trade balance of ¥15.7B. Between September 2023 and September 2024 the exports of Japan's   Electrical Power Accessories have decreased by ¥-5.83B (-18.3%) from ¥31.8B to ¥26B, while imports decreased by ¥-887M (-7.98%) from ¥11.1B to ¥10.2B.

Destinations In September 2024, Electrical Power Accessories were exported mostly to China (¥6.93B), United States (¥2.8B), Vietnam (¥2.28B), Thailand (¥2.24B), and Philippines (¥2.11B), and were imported mostly from China (¥5.14B), Thailand (¥1.19B), Vietnam (¥595M), United States (¥489M), and South Korea (¥418M).

Growth In September 2024, the decrease in Electrical Power Accessories's year-by-year exports was explained primarily by a decrease in exports to China (¥-1.89B or -26.3%), Vietnam (¥-387M or -19.4%), and Hong Kong (¥-373M or -30.5%). In September 2024, the decrease in Electrical Power Accessories's year-by-year imports was explained primarily by a decrease in imports from Malaysia (¥-92.2M or -23.1%), Netherlands (¥-88.3M or -74%), and South Korea (¥-39.2M or -7.19%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)¥-5.83B(-18.3%)
IMPORT GROWTH (September 2023 - September 2024)¥-887M(-7.98%)
MAIN EXPORTER (September 2024)Aichi¥6.12B
MAIN DESTINATION (September 2024)China¥6.93B

This section shows Electrical Power Accessories'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 Power Accessories over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.82B
IMPORTS (2022)$833M
NET TRADE (2022)$1.99B

In 2022, Japan exported $2.82B in Electrical Power Accessories. The main destinations of Japan exports on Electrical Power Accessories were China ($863M), United States ($246M), South Korea ($237M), Vietnam ($219M), and Philippines ($207M).

In 2022, Japan imported $833M in Electrical Power Accessories, mainly from China ($421M), Vietnam ($67.8M), Germany ($50M), Thailand ($45.3M), and United States ($44.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Power Accessories EXPORT MARKETS FOR Japan WERE (2021 - 2022):
Czechia$12.2M (116%)
Luxembourg$8.09M (161%)
South Korea$6.16M (2.66%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Power Accessories BY Japan WERE (2021 - 2022):
China-$133M (-13.3%)
Hong Kong-$34.1M (-22.7%)
Thailand-$34.1M (-16.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Japan's main exporting competitors in Electrical Power Accessories were:
China $6.47B
Germany $6.36B
United States $4.96B
In 2022, Japan's main importing competitors in Electrical Power Accessories were:
United States $4.94B
Mexico $4.2B
China $3.93B

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Trade Value of Electrical Power Accessories by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $79.4M
TOP IMPORT POTENTIALChina+ $45.5M

Electrical Power Accessories’s highest export potential is United States. With an export gap of $79.4M.   Electrical Power Accessories’s highest import potential is China with an import gap of $45.5M.

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