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2022
Exports $10.5BWorld Rnk 10 / 226
Flag Rnk 14 / 96
2022
Destination $264M United States
2021 - 2022
FASTEST GROWING MARKET $264MUnited States
2022
PRODUCT COMPLEXITY IN Iron or steel articles1.68Rnk 27 / 1025
2022
Imports $8.86BWorld Rnk 9 / 225
Flag Rnk 20 / 96
2022
Origin $117M China
2021 - 2022
FASTEST GROWING ORIGIN $117MChina
2022
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $10.5B in Iron or steel articles, making it the 10th largest exporter of Iron or steel articles in the world. At the same year, Iron or steel articles was the 14th most exported product in Japan. The main destination of Iron or steel articles exports from Japan are: United States ($1.84B), China ($1.83B), Thailand ($897M), South Korea ($671M), and Indonesia ($424M).

The fastest growing export markets for Iron or steel articles of Japan between 2021 and 2022 were United States ($264M), Mauritania ($215M), and Algeria ($115M).

Imports In 2022, Japan imported $8.86B in Iron or steel articles, becoming the 9th largest importer of Iron or steel articles in the world. At the same year, Iron or steel articles was the 20th most imported product in Japan. Japan imports Iron or steel articles primarily from: China ($4.42B), South Korea ($999M), Chinese Taipei ($680M), Vietnam ($563M), and Thailand ($494M).

The fastest growing import markets in Iron or steel articles for Japan between 2021 and 2022 were China ($117M), Vietnam ($77.5M), and United States ($59.7M).

COMPANIES In 2023, leading companies such as CONTINENTAL AUTOMOTIVE SYSTEMS, INC (165), Magna International (27), and Schaeffler Group (17) were at the forefront of shipping Iron or steel articles from Japan to the United States.

Latest Trends

September 2024

About

Overview In September 2024 Japan's Iron or steel articles exports accounted up to ¥115B and imports accounted up to ¥88.6B, resulting in a positive trade balance of ¥26.6B. Between September 2023 and September 2024 the exports of Japan's   Iron or steel articles have decreased by ¥-7.09B (-5.8%) from ¥122B to ¥115B, while imports decreased by ¥-5.52B (-5.86%) from ¥94.1B to ¥88.6B.

Destinations In September 2024, Iron or steel articles were exported mostly to United States (¥27.6B), China (¥18.7B), Thailand (¥8.14B), Indonesia (¥6.12B), and South Korea (¥5.42B), and were imported mostly from China (¥50.2B), South Korea (¥7.65B), United States (¥6.05B), Vietnam (¥5.16B), and Chinese Taipei (¥4.87B).

Growth In September 2024, the decrease in Iron or steel articles's year-by-year exports was explained primarily by a decrease in exports to China (¥-2.12B or -14.3%), Canada (¥-1.52B or -46.1%), and Algeria (¥-837M or -51.5%). In September 2024, the decrease in Iron or steel articles's year-by-year imports was explained primarily by a decrease in imports from Thailand (¥-532M or -13.9%), France (¥-111M or -23.7%), and Poland (¥-40.7M or -19.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)¥-7.09B(-5.8%)
IMPORT GROWTH (September 2023 - September 2024)¥-5.52B(-5.86%)
MAIN EXPORTER (September 2024)Aichi¥31.1B
MAIN DESTINATION (September 2024)United States¥27.6B

This section shows Iron or steel articles'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 or steel articles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$10.5B
IMPORTS (2022)$8.86B
NET TRADE (2022)$1.68B

In 2022, Japan exported $10.5B in Iron or steel articles. The main destinations of Japan exports on Iron or steel articles were United States ($1.84B), China ($1.83B), Thailand ($897M), South Korea ($671M), and Indonesia ($424M).

In 2022, Japan imported $8.86B in Iron or steel articles, mainly from China ($4.42B), South Korea ($999M), Chinese Taipei ($680M), Vietnam ($563M), and Thailand ($494M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron or steel articles EXPORT MARKETS FOR Japan WERE (2021 - 2022):
United States$264M (16.7%)
Mauritania$215M (5.61k%)
Algeria$115M (364%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron or steel articles BY Japan WERE (2021 - 2022):
China-$290M (-13.7%)
Kuwait-$93.9M (-71%)
Saudi Arabia-$85.9M (-54.4%)
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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 or steel articles were:
China $109B
Germany $33.5B
Italy $22.2B
In 2022, Japan's main importing competitors in Iron or steel articles were:
United States $59.3B
Germany $32.6B
France $16.2B

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Trade Value of Iron or steel articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $272M
TOP IMPORT POTENTIALChina+ $727M

Iron or steel articles’s highest export potential is United States. With an export gap of $272M.   Iron or steel articles’s highest import potential is China with an import gap of $727M.

See methodology.

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