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2023
Exports $241MWorld Rnk 3 / 118
Flag Rnk 299 / 1209
2023
Destination $5.94M China
2022 - 2023
FASTEST GROWING MARKET $5.94MIndia
2023
PRODUCT COMPLEXITY IN Iron Powder0.86Rnk 230 / 1025
2023
Imports $116MWorld Rnk 6 / 169
Flag Rnk 501 / 1209
2023
Origin $3.15M Sweden
2022 - 2023
FASTEST GROWING ORIGIN $3.15MSouth Korea
2023
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 132

About

Exports In 2023, Japan exported $241M in Iron Powder, making it the 3rd largest exporter of Iron Powder in the world. At the same year, Iron Powder was the 299th most exported product in Japan. The main destination of Iron Powder exports from Japan are: China ($59.4M), South Korea ($44.3M), Thailand ($24.8M), United States ($22.7M), and Chinese Taipei ($14.1M).

The fastest growing export markets for Iron Powder of Japan between 2022 and 2023 were India ($5.94M), Mexico ($3.64M), and United States ($2.65M).

Imports In 2023, Japan imported $116M in Iron Powder, becoming the 6th largest importer of Iron Powder in the world. At the same year, Iron Powder was the 501st most imported product in Japan. Japan imports Iron Powder primarily from: Sweden ($40.1M), China ($32.6M), South Korea ($13M), Thailand ($11.1M), and India ($7.61M).

The fastest growing import markets in Iron Powder for Japan between 2022 and 2023 were South Korea ($3.15M), Spain ($107k), and Slovenia ($97.3k).

Latest Trends

November 2024

About

Overview In November 2024 Japan's Iron Powder exports accounted up to ¥2.72B and imports accounted up to ¥2.31B, resulting in a positive trade balance of ¥411M. Between November 2023 and November 2024 the exports of Japan's   Iron Powder have increased by ¥245M (9.89%) from ¥2.48B to ¥2.72B, while imports increased by ¥213M (10.2%) from ¥2.1B to ¥2.31B.

Destinations In November 2024, Iron Powder were exported mostly to China (¥1.03B), South Korea (¥509M), Thailand (¥302M), Vietnam (¥132M), and United States (¥122M), and were imported mostly from China (¥1.53B), Sweden (¥364M), South Korea (¥210M), India (¥120M), and United States (¥30.8M).

Growth In November 2024, the increase in Iron Powder's year-by-year exports was explained primarily by an increase in exports to India (¥72.6M or 221%), United States (¥45.7M or 30.3%), and Singapore (¥9.48M or 19.6%). In November 2024, the increase in Iron Powder's year-by-year imports was explained primarily by an increase in imports from China (¥322M or 17.9%), South Korea (¥46.3M or 66.2%), and Germany (¥42.2M or 149%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)¥245M(9.89%)
IMPORT GROWTH (November 2023 - November 2024)¥213M(10.2%)
MAIN EXPORTER (November 2024)Kanagawa¥999M
MAIN DESTINATION (November 2024)China¥1.03B

This section shows Iron Powder'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 Powder over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$241M
IMPORTS (2023)$116M
NET TRADE (2023)$125M

In 2023, Japan exported $241M in Iron Powder. The main destinations of Japan exports on Iron Powder were China ($59.4M), South Korea ($44.3M), Thailand ($24.8M), United States ($22.7M), and Chinese Taipei ($14.1M).

In 2023, Japan imported $116M in Iron Powder, mainly from Sweden ($40.1M), China ($32.6M), South Korea ($13M), Thailand ($11.1M), and India ($7.61M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Powder EXPORT MARKETS FOR Japan WERE (2022 - 2023):
India$5.94M (204%)
Mexico$3.64M (178%)
United States$2.65M (13.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Powder BY Japan WERE (2022 - 2023):
China-$16.7M (-21.9%)
Philippines-$7.37M (-85.3%)
Chinese Taipei-$6.45M (-31.4%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Japan's main exporting competitors in Iron Powder were:
Sweden $474M
China $297M
In 2023, Japan's main importing competitors in Iron Powder were:
China $273M
United States $264M
Germany $249M

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Trade Value of Iron Powder by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $4.54M
TOP IMPORT POTENTIALIndia+ $3.18M

Iron Powder’s highest export potential is United States. With an export gap of $4.54M.   Iron Powder’s highest import potential is India with an import gap of $3.18M.

See methodology.

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