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2023
Exports $10.4BWorld Rnk 2 / 153
Flag Rnk 8 / 1209
2023
Destination $246M South Korea
2022 - 2023
FASTEST GROWING MARKET $246MIndia
2023
PRODUCT COMPLEXITY IN Hot-Rolled Iron0.54Rnk 355 / 1025
2023
Imports $1.38BWorld Rnk 19 / 211
Flag Rnk 102 / 1209
2023
Origin $75.7M South Korea
2022 - 2023
FASTEST GROWING ORIGIN $75.7MSouth Korea
2023
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 132

About

Exports In 2023, Japan exported $10.4B in Hot-Rolled Iron, making it the 2nd largest exporter of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 8th most exported product in Japan. The main destination of Hot-Rolled Iron exports from Japan are: South Korea ($1.87B), Thailand ($1.35B), China ($815M), Vietnam ($679M), and Indonesia ($643M).

The fastest growing export markets for Hot-Rolled Iron of Japan between 2022 and 2023 were India ($246M), Mexico ($213M), and Turkey ($146M).

Imports In 2023, Japan imported $1.38B in Hot-Rolled Iron, becoming the 19th largest importer of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 102nd most imported product in Japan. Japan imports Hot-Rolled Iron primarily from: South Korea ($921M), Chinese Taipei ($344M), China ($112M), United Arab Emirates ($3.16M), and Vietnam ($2.34M).

The fastest growing import markets in Hot-Rolled Iron for Japan between 2022 and 2023 were South Korea ($75.7M), United Arab Emirates ($267k), and United Kingdom ($194k).

Latest Trends

November 2024

About

Overview In November 2024 Japan's Hot-Rolled Iron exports accounted up to ¥94.7B and imports accounted up to ¥16.9B, resulting in a positive trade balance of ¥77.8B. Between November 2023 and November 2024 the exports of Japan's   Hot-Rolled Iron have decreased by ¥-12B (-11.2%) from ¥107B to ¥94.7B, while imports decreased by ¥-294M (-1.71%) from ¥17.2B to ¥16.9B.

Destinations In November 2024, Hot-Rolled Iron were exported mostly to South Korea (¥14.7B), Thailand (¥11.7B), Vietnam (¥11.4B), Indonesia (¥7.33B), and China (¥6.57B), and were imported mostly from South Korea (¥10.7B), Chinese Taipei (¥3.79B), China (¥2.35B), Vietnam (¥3.15M), and South Africa (¥3.14M).

Growth In November 2024, the decrease in Hot-Rolled Iron's year-by-year exports was explained primarily by a decrease in exports to China (¥-7.26B or -55.4%), Bangladesh (¥-3.39B or -59.9%), and Peru (¥-1.5B or -76.6%). In November 2024, the decrease in Hot-Rolled Iron's year-by-year imports was explained primarily by a decrease in imports from South Korea (¥-1.65B or -13.7%), Vietnam (¥-20.9M or -49.2%), and China (¥-1.46M or -0.23%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)¥-12B(-11.2%)
IMPORT GROWTH (November 2023 - November 2024)¥-294M(-1.71%)
MAIN EXPORTER (November 2024)Ōita¥37.8B
MAIN DESTINATION (November 2024)South Korea¥14.7B

This section shows Hot-Rolled Iron'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 Hot-Rolled Iron over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$10.4B
IMPORTS (2023)$1.38B
NET TRADE (2023)$8.98B

In 2023, Japan exported $10.4B in Hot-Rolled Iron. The main destinations of Japan exports on Hot-Rolled Iron were South Korea ($1.87B), Thailand ($1.35B), China ($815M), Vietnam ($679M), and Indonesia ($643M).

In 2023, Japan imported $1.38B in Hot-Rolled Iron, mainly from South Korea ($921M), Chinese Taipei ($344M), China ($112M), United Arab Emirates ($3.16M), and Vietnam ($2.34M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Hot-Rolled Iron EXPORT MARKETS FOR Japan WERE (2022 - 2023):
India$246M (331%)
Mexico$213M (133%)
Turkey$146M (58.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Iron BY Japan WERE (2022 - 2023):
China-$493M (-37.7%)
South Korea-$383M (-17%)
Vietnam-$222M (-24.7%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Japan's main exporting competitors in Hot-Rolled Iron were:
China $16.4B
South Korea $6.09B
In 2023, Japan's main importing competitors in Hot-Rolled Iron were:
Vietnam $5.05B
Italy $4.85B
South Korea $3.76B

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Trade Value of Hot-Rolled Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $135M
TOP IMPORT POTENTIALChina+ $96.7M

Hot-Rolled Iron’s highest export potential is United States. With an export gap of $135M.   Hot-Rolled Iron’s highest import potential is China with an import gap of $96.7M.

See methodology.

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