2023
Exports
$2.27BWorld Rnk 20 / 223
Flag Rnk 70 / 1209
2023
PRODUCT COMPLEXITY IN Insulated Wire
-0.48Rnk 691 / 1025
2023
Imports
$8.89BWorld Rnk 3 / 225
Flag Rnk 13 / 1209
2023
ECONOMIC COMPLEXITY of Japan
2.07Rnk 1 / 132

About

Exports In 2023, Japan exported $2.27B in Insulated Wire, making it the 20th largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 70th most exported product in Japan. The main destination of Insulated Wire exports from Japan are: United States ($387M), China ($384M), Philippines ($210M), Vietnam ($144M), and Thailand ($131M).

The fastest growing export markets for Insulated Wire of Japan between 2022 and 2023 were Morocco ($16.2M), Singapore ($15.2M), and Turkey ($11.5M).

Imports In 2023, Japan imported $8.89B in Insulated Wire, becoming the 3rd largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 13th most imported product in Japan. Japan imports Insulated Wire primarily from: Vietnam ($2.51B), China ($2.28B), Philippines ($1.61B), Indonesia ($941M), and Thailand ($537M).

The fastest growing import markets in Insulated Wire for Japan between 2022 and 2023 were Vietnam ($279M), Philippines ($211M), and Indonesia ($58.2M).

COMPANIES In 2023, leading companies such as LG Electronics (13), Samsung (6), and John Deere (3) were at the forefront of shipping Insulated Wire from Japan to the United States.

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)¥2.8B(14.1%)
IMPORT GROWTH (November 2023 - November 2024)¥-4.39B(-3.77%)
MAIN EXPORTER (November 2024)Osaka¥7.38B
MAIN DESTINATION (November 2024)United States¥5.1B

This section shows Insulated Wire'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 Insulated Wire over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$2.27B
IMPORTS (2023)$8.89B
NET TRADE (2023)-$6.62B

In 2023, Japan exported $2.27B in Insulated Wire. The main destinations of Japan exports on Insulated Wire were United States ($387M), China ($384M), Philippines ($210M), Vietnam ($144M), and Thailand ($131M).

In 2023, Japan imported $8.89B in Insulated Wire, mainly from Vietnam ($2.51B), China ($2.28B), Philippines ($1.61B), Indonesia ($941M), and Thailand ($537M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR Japan WERE (2022 - 2023):
Morocco$16.2M (46.9%)
Singapore$15.2M (42.6%)
Turkey$11.5M (71.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY Japan WERE (2022 - 2023):
China-$121M (-24%)
Philippines-$54.7M (-20.7%)
Indonesia-$54.2M (-34.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Japan's main exporting competitors in Insulated Wire were:
In 2023, Japan's main importing competitors in Insulated Wire were:

Explore Visualizations

Trade Value of Insulated Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $162M
TOP IMPORT POTENTIALChina+ $551M

Insulated Wire’s highest export potential is United States. With an export gap of $162M.   Insulated Wire’s highest import potential is China with an import gap of $551M.

See methodology.

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