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2023
Exports $5.16BWorld Rnk 2 / 118
Flag Rnk 30 / 1209
2023
Destination $94.7M Thailand
2022 - 2023
FASTEST GROWING MARKET $94.7MSouth Korea
2023
PRODUCT COMPLEXITY IN Flat Flat-Rolled Steel1.38Rnk 65 / 1025
2023
Imports $179MWorld Rnk 34 / 199
Flag Rnk 396 / 1209
2023
Origin $13.8M South Korea
2022 - 2023
FASTEST GROWING ORIGIN $13.8MSouth Korea
2023
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 132

About

Exports In 2023, Japan exported $5.16B in Flat Flat-Rolled Steel, making it the 2nd largest exporter of Flat Flat-Rolled Steel in the world. At the same year, Flat Flat-Rolled Steel was the 30th most exported product in Japan. The main destination of Flat Flat-Rolled Steel exports from Japan are: Thailand ($874M), China ($760M), Indonesia ($649M), Mexico ($589M), and India ($453M).

The fastest growing export markets for Flat Flat-Rolled Steel of Japan between 2022 and 2023 were South Korea ($94.7M), Austria ($47.2M), and Chinese Taipei ($43M).

Imports In 2023, Japan imported $179M in Flat Flat-Rolled Steel, becoming the 34th largest importer of Flat Flat-Rolled Steel in the world. At the same year, Flat Flat-Rolled Steel was the 396th most imported product in Japan. Japan imports Flat Flat-Rolled Steel primarily from: South Korea ($99.4M), Chinese Taipei ($40.2M), Sweden ($13.6M), China ($13.2M), and United States ($7.28M).

The fastest growing import markets in Flat Flat-Rolled Steel for Japan between 2022 and 2023 were South Korea ($13.8M), Chinese Taipei ($1.18M), and United Kingdom ($563k).

COMPANIES In 2023, leading companies such as Ford Motor Company (7) were at the forefront of shipping Flat Flat-Rolled Steel from Japan to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Japan's Flat Flat-Rolled Steel exports accounted up to ¥59.2B and imports accounted up to ¥2.65B, resulting in a positive trade balance of ¥56.6B. Between November 2023 and November 2024 the exports of Japan's   Flat Flat-Rolled Steel have decreased by ¥-6.57B (-9.99%) from ¥65.8B to ¥59.2B, while imports increased by ¥346M (15%) from ¥2.3B to ¥2.65B.

Destinations In November 2024, Flat Flat-Rolled Steel were exported mostly to Mexico (¥10.2B), China (¥9.19B), Thailand (¥8.65B), Indonesia (¥5.95B), and India (¥5.57B), and were imported mostly from South Korea (¥1.44B), Chinese Taipei (¥473M), China (¥344M), United States (¥191M), and Sweden (¥154M).

Growth In November 2024, the decrease in Flat Flat-Rolled Steel's year-by-year exports was explained primarily by a decrease in exports to Bangladesh (¥-2.55B or -99.9%), South Korea (¥-1.4B or -34.6%), and Mexico (¥-860M or -13%). In November 2024, the increase in Flat Flat-Rolled Steel's year-by-year imports was explained primarily by an increase in imports from Chinese Taipei (¥245M or 126%), South Korea (¥163M or 22.8%), and United States (¥74.1M or 72.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)¥-6.57B(-9.99%)
IMPORT GROWTH (November 2023 - November 2024)¥346M(15%)
MAIN EXPORTER (November 2024)Hyōgo¥14.3B
MAIN DESTINATION (November 2024)Mexico¥10.2B

This section shows Flat Flat-Rolled Steel'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 Flat Flat-Rolled Steel over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$5.16B
IMPORTS (2023)$179M
NET TRADE (2023)$4.98B

In 2023, Japan exported $5.16B in Flat Flat-Rolled Steel. The main destinations of Japan exports on Flat Flat-Rolled Steel were Thailand ($874M), China ($760M), Indonesia ($649M), Mexico ($589M), and India ($453M).

In 2023, Japan imported $179M in Flat Flat-Rolled Steel, mainly from South Korea ($99.4M), Chinese Taipei ($40.2M), Sweden ($13.6M), China ($13.2M), and United States ($7.28M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Flat Flat-Rolled Steel EXPORT MARKETS FOR Japan WERE (2022 - 2023):
South Korea$94.7M (44.6%)
Austria$47.2M (79.9%)
Chinese Taipei$43M (52.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Flat Flat-Rolled Steel BY Japan WERE (2022 - 2023):
China-$371M (-32.8%)
Thailand-$141M (-13.9%)
Bangladesh-$86.4M (-65.8%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Japan's main exporting competitors in Flat Flat-Rolled Steel were:
China $5.49B
Germany $3.69B
In 2023, Japan's main importing competitors in Flat Flat-Rolled Steel were:
Mexico $2.59B
Germany $2.32B
Turkey $2.18B

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Trade Value of Flat Flat-Rolled Steel by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $74.3M
TOP IMPORT POTENTIALChina+ $29M

Flat Flat-Rolled Steel’s highest export potential is United States. With an export gap of $74.3M.   Flat Flat-Rolled Steel’s highest import potential is China with an import gap of $29M.

See methodology.

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