2023
Exports
$1.82BWorld Rnk 4 / 212
Flag Rnk 78 / 1209
2023
PRODUCT COMPLEXITY IN Interchangeable Tool Parts
1.77Rnk 16 / 1025
2023
Imports
$464MWorld Rnk 14 / 223
Flag Rnk 227 / 1209
2023
ECONOMIC COMPLEXITY of Japan
2.07Rnk 1 / 132

About

Exports In 2023, Japan exported $1.82B in Interchangeable Tool Parts, making it the 4th largest exporter of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 78th most exported product in Japan. The main destination of Interchangeable Tool Parts exports from Japan are: United States ($433M), China ($259M), Mexico ($196M), Thailand ($163M), and Germany ($86M).

The fastest growing export markets for Interchangeable Tool Parts of Japan between 2022 and 2023 were Mexico ($120M), South Korea ($6.99M), and Pakistan ($6.05M).

Imports In 2023, Japan imported $464M in Interchangeable Tool Parts, becoming the 14th largest importer of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 227th most imported product in Japan. Japan imports Interchangeable Tool Parts primarily from: China ($143M), South Korea ($91.7M), Thailand ($39.1M), Chinese Taipei ($33.9M), and Germany ($33M).

The fastest growing import markets in Interchangeable Tool Parts for Japan between 2022 and 2023 were Slovenia ($280k), Austria ($223k), and Bulgaria ($194k).

COMPANIES In 2024, leading companies such as YAMAHA CORPORATION OF AMERICA (7) and Toyota (2) were at the forefront of shipping Interchangeable Tool Parts from Japan to the United States.

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)¥-146M(-0.65%)
IMPORT GROWTH (December 2023 - December 2024)¥1.05B(21.6%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)United States¥4.33B

This section shows Interchangeable Tool Parts'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 Interchangeable Tool Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.82B
IMPORTS (2023)$464M
NET TRADE (2023)$1.35B

In 2023, Japan exported $1.82B in Interchangeable Tool Parts. The main destinations of Japan exports on Interchangeable Tool Parts were United States ($433M), China ($259M), Mexico ($196M), Thailand ($163M), and Germany ($86M).

In 2023, Japan imported $464M in Interchangeable Tool Parts, mainly from China ($143M), South Korea ($91.7M), Thailand ($39.1M), Chinese Taipei ($33.9M), and Germany ($33M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Interchangeable Tool Parts EXPORT MARKETS FOR Japan WERE (2022 - 2023):
Mexico$120M (159%)
South Korea$6.99M (10.6%)
Pakistan$6.05M (293%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Interchangeable Tool Parts BY Japan WERE (2022 - 2023):
Thailand-$60.7M (-27.1%)
China-$54.4M (-17.3%)
United States-$41.6M (-8.76%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Japan's main exporting competitors in Interchangeable Tool Parts were:
In 2023, Japan's main importing competitors in Interchangeable Tool Parts were:

Explore Visualizations

Trade Value of Interchangeable Tool Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $34.6M
TOP IMPORT POTENTIALChina+ $53.7M

Interchangeable Tool Parts’s highest export potential is China. With an export gap of $34.6M.   Interchangeable Tool Parts’s highest import potential is China with an import gap of $53.7M.

See methodology.

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