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Pricing

2022
Exports $5.13BWorld Rnk 4 / 223
Flag Rnk 31 / 1213
2022
Destination $49.9M China
2021 - 2022
FASTEST GROWING MARKET $49.9MCzechia
2022
PRODUCT COMPLEXITY IN Electrical Transformers0.65Rnk 294 / 1025
2022
Imports $3.84BWorld Rnk 9 / 225
Flag Rnk 27 / 1214
2022
Origin $202M China
2021 - 2022
FASTEST GROWING ORIGIN $202MChina
2022
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $5.13B in Electrical Transformers, making it the 4th largest exporter of Electrical Transformers in the world. At the same year, Electrical Transformers was the 31st most exported product in Japan. The main destination of Electrical Transformers exports from Japan are: China ($1.15B), United States ($964M), Hong Kong ($419M), South Korea ($330M), and Chinese Taipei ($289M).

The fastest growing export markets for Electrical Transformers of Japan between 2021 and 2022 were Czechia ($49.9M), Burma ($22M), and France ($18.3M).

Imports In 2022, Japan imported $3.84B in Electrical Transformers, becoming the 9th largest importer of Electrical Transformers in the world. At the same year, Electrical Transformers was the 27th most imported product in Japan. Japan imports Electrical Transformers primarily from: China ($2.3B), Thailand ($207M), Malaysia ($196M), United States ($168M), and Philippines ($149M).

The fastest growing import markets in Electrical Transformers for Japan between 2021 and 2022 were China ($202M), Thailand ($29.8M), and Vietnam ($26.9M).

COMPANIES In 2023, leading companies such as Toyota (48), Toshiba (17), and Ford Motor Company (2) were at the forefront of shipping Electrical Transformers from Japan to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Japan's Electrical Transformers exports accounted up to ¥57.5B and imports accounted up to ¥43.4B, resulting in a positive trade balance of ¥14B. Between August 2023 and August 2024 the exports of Japan's   Electrical Transformers have decreased by ¥-894M (-1.53%) from ¥58.4B to ¥57.5B, while imports decreased by ¥-5.29B (-10.9%) from ¥48.7B to ¥43.4B.

Destinations In August 2024, Electrical Transformers were exported mostly to United States (¥14.6B), China (¥10.7B), Hong Kong (¥4.37B), Chinese Taipei (¥3.26B), and South Korea (¥2.93B), and were imported mostly from China (¥26.6B), Thailand (¥2.49B), United States (¥1.86B), Vietnam (¥1.7B), and Philippines (¥1.59B).

Growth In August 2024, the decrease in Electrical Transformers's year-by-year exports was explained primarily by a decrease in exports to China (¥-3.82B or -38.5%), Hong Kong (¥-1.47B or -37.5%), and Chinese Taipei (¥-353M or -16.9%). In August 2024, the decrease in Electrical Transformers's year-by-year imports was explained primarily by a decrease in imports from South Korea (¥-253M or -22%), Switzerland (¥-156M or -60.9%), and Burma (¥-46.3M or -58.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)¥-894M(-1.53%)
IMPORT GROWTH (August 2023 - August 2024)¥-5.29B(-10.9%)
MAIN EXPORTER (August 2024)Aichi¥25.2B
MAIN DESTINATION (August 2024)United States¥14.6B

This section shows Electrical Transformers'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 Transformers over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$5.13B
IMPORTS (2022)$3.84B
NET TRADE (2022)$1.29B

In 2022, Japan exported $5.13B in Electrical Transformers. The main destinations of Japan exports on Electrical Transformers were China ($1.15B), United States ($964M), Hong Kong ($419M), South Korea ($330M), and Chinese Taipei ($289M).

In 2022, Japan imported $3.84B in Electrical Transformers, mainly from China ($2.3B), Thailand ($207M), Malaysia ($196M), United States ($168M), and Philippines ($149M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Transformers EXPORT MARKETS FOR Japan WERE (2021 - 2022):
Czechia$49.9M (216%)
Burma$22M (1.31k%)
France$18.3M (13.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Transformers BY Japan WERE (2021 - 2022):
China-$91.7M (-7.39%)
United States-$85.3M (-8.13%)
Germany-$82.6M (-23.3%)
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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 Transformers were:
China $54.1B
Germany $12.2B
United States $6.63B
In 2022, Japan's main importing competitors in Electrical Transformers were:
United States $23.5B
Germany $12.4B
China $9.37B

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Trade Value of Electrical Transformers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $217M
TOP IMPORT POTENTIALChina+ $508M

Electrical Transformers’s highest export potential is United States. With an export gap of $217M.   Electrical Transformers’s highest import potential is China with an import gap of $508M.

See methodology.

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