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2022
Exports $15MWorld Rnk 34 / 171
Flag Rnk 720 / 1213
2022
Destination $251k Vietnam
2021 - 2022
FASTEST GROWING MARKET $251kUnited States
2022
PRODUCT COMPLEXITY IN Iron Nails-0.5Rnk 699 / 1025
2022
Imports $121MWorld Rnk 5 / 220
Flag Rnk 523 / 1214
2022
Origin $1.21M China
2021 - 2022
FASTEST GROWING ORIGIN $1.21MAustralia
2022
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $15M in Iron Nails, making it the 34th largest exporter of Iron Nails in the world. At the same year, Iron Nails was the 720th most exported product in Japan. The main destination of Iron Nails exports from Japan are: Vietnam ($3.12M), United States ($1.87M), Finland ($1.65M), United Kingdom ($1.23M), and Germany ($1.08M).

The fastest growing export markets for Iron Nails of Japan between 2021 and 2022 were United States ($251k), Ecuador ($146k), and Yemen ($98.6k).

Imports In 2022, Japan imported $121M in Iron Nails, becoming the 5th largest importer of Iron Nails in the world. At the same year, Iron Nails was the 523rd most imported product in Japan. Japan imports Iron Nails primarily from: China ($99.5M), Philippines ($6.94M), Thailand ($3.96M), Chinese Taipei ($3.52M), and Australia ($3.06M).

The fastest growing import markets in Iron Nails for Japan between 2021 and 2022 were Australia ($1.21M), United States ($120k), and Chinese Taipei ($97.6k).

Latest Trends

June 2024

About

Overview In June 2024 Japan's Iron Nails exports accounted up to ¥118M and imports accounted up to ¥1.07B, resulting in a negative trade balance of ¥953M. Between June 2023 and June 2024 the exports of Japan's   Iron Nails have increased by ¥16.3M (16.1%) from ¥101M to ¥118M, while imports increased by ¥1.9M (0.18%) from ¥1.07B to ¥1.07B.

Destinations In June 2024, Iron Nails were exported mostly to United States (¥23.6M), United Kingdom (¥17.3M), Netherlands (¥15.1M), Philippines (¥13M), and Ecuador (¥12.8M), and were imported mostly from China (¥952M), Chinese Taipei (¥47.6M), Thailand (¥26.4M), South Korea (¥14.7M), and Switzerland (¥9.8M).

Growth In June 2024, the increase in Iron Nails's year-by-year exports was explained primarily by an increase in exports to United States (¥9.83M or 77.5%), China (¥8.24M or 710%), and Ecuador (¥5.81M or 81.3%). In June 2024, the increase in Iron Nails's year-by-year imports was explained primarily by an increase in imports from Australia (¥20.2M or 39.1%), Thailand (¥10.8M or 26.8%), and United States (¥3M or 78.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)¥16.3M(16.1%)
IMPORT GROWTH (June 2023 - June 2024)¥1.9M(0.18%)
MAIN EXPORTER (June 2024)Osaka¥66.7M
MAIN DESTINATION (June 2024)United States¥23.6M

This section shows Iron Nails'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 Nails over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$15M
IMPORTS (2022)$121M
NET TRADE (2022)-$106M

In 2022, Japan exported $15M in Iron Nails. The main destinations of Japan exports on Iron Nails were Vietnam ($3.12M), United States ($1.87M), Finland ($1.65M), United Kingdom ($1.23M), and Germany ($1.08M).

In 2022, Japan imported $121M in Iron Nails, mainly from China ($99.5M), Philippines ($6.94M), Thailand ($3.96M), Chinese Taipei ($3.52M), and Australia ($3.06M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Nails EXPORT MARKETS FOR Japan WERE (2021 - 2022):
United States$251k (15.5%)
Ecuador$146k (18.2%)
Yemen$98.6k (23.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Nails BY Japan WERE (2021 - 2022):
Vietnam-$805k (-20.5%)
United Kingdom-$364k (-22.9%)
Germany-$295k (-21.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Japan's main exporting competitors in Iron Nails were:
China $2B
Oman $241M
Poland $149M
In 2022, Japan's main importing competitors in Iron Nails were:
United States $1.65B
Canada $173M
Germany $162M

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Trade Value of Iron Nails by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.9M
TOP IMPORT POTENTIALChina+ $4.74M

Iron Nails’s highest export potential is United States. With an export gap of $1.9M.   Iron Nails’s highest import potential is China with an import gap of $4.74M.

See methodology.

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