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2023
Exports $161MWorld Rnk 7 / 154
Flag Rnk 357 / 1209
2023
Destination $18.3M South Korea
2022 - 2023
FASTEST GROWING MARKET $18.3MSouth Korea
2023
PRODUCT COMPLEXITY IN Industrial Furnaces0.99Rnk 180 / 1025
2023
Imports $97.2MWorld Rnk 20 / 213
Flag Rnk 561 / 1209
2023
Origin $5.6M China
2022 - 2023
FASTEST GROWING ORIGIN $5.6MAustria
2023
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 132

About

Exports In 2023, Japan exported $161M in Industrial Furnaces, making it the 7th largest exporter of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 357th most exported product in Japan. The main destination of Industrial Furnaces exports from Japan are: South Korea ($26.9M), China ($23.1M), Chinese Taipei ($14.6M), Thailand ($13.2M), and India ($11.5M).

The fastest growing export markets for Industrial Furnaces of Japan between 2022 and 2023 were South Korea ($18.3M), Chinese Taipei ($10.3M), and Canada ($6.54M).

Imports In 2023, Japan imported $97.2M in Industrial Furnaces, becoming the 20th largest importer of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 561st most imported product in Japan. Japan imports Industrial Furnaces primarily from: China ($46.3M), South Korea ($12.3M), Austria ($7.46M), Germany ($6.94M), and Vietnam ($6.2M).

The fastest growing import markets in Industrial Furnaces for Japan between 2022 and 2023 were Austria ($5.6M), Vietnam ($5.38M), and Germany ($3.53M).

Latest Trends

December 2024

About

Overview In December 2024 Japan's Industrial Furnaces exports accounted up to ¥1.71B and imports accounted up to ¥3.56B, resulting in a negative trade balance of ¥1.84B. Between December 2023 and December 2024 the exports of Japan's   Industrial Furnaces have decreased by ¥-804M (-32%) from ¥2.52B to ¥1.71B, while imports increased by ¥2.04B (134%) from ¥1.52B to ¥3.56B.

Destinations In December 2024, Industrial Furnaces were exported mostly to Australia (¥545M), Chinese Taipei (¥239M), South Korea (¥191M), France (¥174M), and India (¥69.6M), and were imported mostly from China (¥2.52B), Italy (¥435M), South Korea (¥234M), United States (¥199M), and Sweden (¥44.7M).

Growth In December 2024, the decrease in Industrial Furnaces's year-by-year exports was explained primarily by a decrease in exports to China (¥-1.05B or -76.5%), Philippines (¥-261M or -96.2%), and Indonesia (¥-224M or -97.8%). In December 2024, the increase in Industrial Furnaces's year-by-year imports was explained primarily by an increase in imports from China (¥250M or 40.8%), Germany (¥55.3M or 355%), and South Korea (¥40.6M or 38.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)¥-804M(-32%)
IMPORT GROWTH (December 2023 - December 2024)¥2.04B(134%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)Australia¥545M

This section shows Industrial Furnaces'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 Industrial Furnaces over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$161M
IMPORTS (2023)$97.2M
NET TRADE (2023)$63.8M

In 2023, Japan exported $161M in Industrial Furnaces. The main destinations of Japan exports on Industrial Furnaces were South Korea ($26.9M), China ($23.1M), Chinese Taipei ($14.6M), Thailand ($13.2M), and India ($11.5M).

In 2023, Japan imported $97.2M in Industrial Furnaces, mainly from China ($46.3M), South Korea ($12.3M), Austria ($7.46M), Germany ($6.94M), and Vietnam ($6.2M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Industrial Furnaces EXPORT MARKETS FOR Japan WERE (2022 - 2023):
South Korea$18.3M (215%)
Chinese Taipei$10.3M (242%)
Canada$6.54M (397%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Industrial Furnaces BY Japan WERE (2022 - 2023):
Uzbekistan-$8.57M (-100%)
United States-$6.17M (-37.9%)
Hong Kong-$4.36M (-96.2%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Japan's main exporting competitors in Industrial Furnaces were:
China $2B
Germany $701M
Italy $631M
In 2023, Japan's main importing competitors in Industrial Furnaces were:
United States $442M
India $348M
Indonesia $325M

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Trade Value of Industrial Furnaces by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $3.96M
TOP IMPORT POTENTIALChina+ $10.6M

Industrial Furnaces’s highest export potential is China. With an export gap of $3.96M.   Industrial Furnaces’s highest import potential is China with an import gap of $10.6M.

See methodology.

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