2022
Exports
$2.67MWorld Rnk 28 / 114
Flag Rnk 927 / 1213
2022
PRODUCT COMPLEXITY IN Iron Ingots
-1.39Rnk 930 / 1025
2022
Imports
$5.34MWorld Rnk 25 / 172
Flag Rnk 1054 / 1214
2022
ECONOMIC COMPLEXITY of Japan
2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $2.67M in Iron Ingots, making it the 28th largest exporter of Iron Ingots in the world. At the same year, Iron Ingots was the 927th most exported product in Japan. The main destination of Iron Ingots exports from Japan are: Finland ($1.04M), Philippines ($723k), Chinese Taipei ($399k), Vietnam ($145k), and Singapore ($105k).

The fastest growing export markets for Iron Ingots of Japan between 2021 and 2022 were Finland ($1.04M), Philippines ($268k), and Belgium ($40.1k).

Imports In 2022, Japan imported $5.34M in Iron Ingots, becoming the 25th largest importer of Iron Ingots in the world. At the same year, Iron Ingots was the 1054th most imported product in Japan. Japan imports Iron Ingots primarily from: China ($2.03M), South Korea ($1.99M), Germany ($923k), United States ($249k), and Philippines ($51.4k).

The fastest growing import markets in Iron Ingots for Japan between 2021 and 2022 were China ($1.3M), South Korea ($1.11M), and United States ($79.1k).

Latest Trends

October 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)¥-1.97M(-54.3%)
IMPORT GROWTH (October 2023 - October 2024)¥-7.23M(-18.4%)
MAIN EXPORTER (October 2024)Osaka¥16.6M
MAIN DESTINATION (October 2024)Vietnam¥947k

This section shows Iron Ingots'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 Iron Ingots over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.67M
IMPORTS (2022)$5.34M
NET TRADE (2022)-$2.67M

In 2022, Japan exported $2.67M in Iron Ingots. The main destinations of Japan exports on Iron Ingots were Finland ($1.04M), Philippines ($723k), Chinese Taipei ($399k), Vietnam ($145k), and Singapore ($105k).

In 2022, Japan imported $5.34M in Iron Ingots, mainly from China ($2.03M), South Korea ($1.99M), Germany ($923k), United States ($249k), and Philippines ($51.4k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Ingots EXPORT MARKETS FOR Japan WERE (2021 - 2022):
Finland$1.04M (1%)
Philippines$268k (59%)
Belgium$40.1k (16.8k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ingots BY Japan WERE (2021 - 2022):
China-$328k (-82.9%)
Vietnam-$109k (-42.9%)
Canada-$105k (-99.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Japan's main exporting competitors in Iron Ingots were:
India $189M
China $107M
Iran $76.9M
In 2022, Japan's main importing competitors in Iron Ingots were:

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Trade Value of Iron Ingots by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $64.9k
TOP IMPORT POTENTIALChina+ $587k

Iron Ingots’s highest export potential is China. With an export gap of $64.9k.   Iron Ingots’s highest import potential is China with an import gap of $587k.

See methodology.

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