2023
Exports
$4.77MWorld Rnk 29 / 99
Flag Rnk 868 / 1209
2023
PRODUCT COMPLEXITY IN Iron Reductions
-1.12Rnk 860 / 1025
2023
Imports
$55.9MWorld Rnk 20 / 142
Flag Rnk 690 / 1209
2023
ECONOMIC COMPLEXITY of Japan
2.07Rnk 1 / 132

About

Exports In 2023, Japan exported $4.77M in Iron Reductions, making it the 29th largest exporter of Iron Reductions in the world. At the same year, Iron Reductions was the 868th most exported product in Japan. The main destination of Iron Reductions exports from Japan are: United States ($2.82M), Nicaragua ($366k), United Kingdom ($348k), South Korea ($276k), and Germany ($232k).

The fastest growing export markets for Iron Reductions of Japan between 2022 and 2023 were Nicaragua ($366k), Germany ($207k), and France ($189k).

Imports In 2023, Japan imported $55.9M in Iron Reductions, becoming the 20th largest importer of Iron Reductions in the world. At the same year, Iron Reductions was the 690th most imported product in Japan. Japan imports Iron Reductions primarily from: China ($24.8M), United States ($21M), Malaysia ($10.1M), Thailand ($72.5k), and United Arab Emirates ($16k).

The fastest growing import markets in Iron Reductions for Japan between 2022 and 2023 were United States ($13.1M) and United Arab Emirates ($15k).

COMPANIES In 2023, leading companies such as ABB Motors and Mechanical (2) were at the forefront of shipping Iron Reductions from Japan to the United States.

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)¥44.4M(103%)
IMPORT GROWTH (October 2022 - September 2024)¥13.7M(3.9k%)
MAIN EXPORTER (November 2024)Tokyo¥107M
MAIN DESTINATION (November 2024)United States¥60.4M

This section shows Iron Reductions'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 Reductions over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$4.77M
IMPORTS (2023)$55.9M
NET TRADE (2023)-$51.2M

In 2023, Japan exported $4.77M in Iron Reductions. The main destinations of Japan exports on Iron Reductions were United States ($2.82M), Nicaragua ($366k), United Kingdom ($348k), South Korea ($276k), and Germany ($232k).

In 2023, Japan imported $55.9M in Iron Reductions, mainly from China ($24.8M), United States ($21M), Malaysia ($10.1M), Thailand ($72.5k), and United Arab Emirates ($16k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Reductions EXPORT MARKETS FOR Japan WERE (2022 - 2023):
Nicaragua$366k (1%)
Germany$207k (836%)
France$189k (1.32k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Reductions BY Japan WERE (2022 - 2023):
United States-$1.13M (-28.6%)
United Kingdom-$348k (-50%)
Saudi Arabia-$61.8k (-89.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Japan's main exporting competitors in Iron Reductions were:
In 2023, Japan's main importing competitors in Iron Reductions were:

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Trade Value of Iron Reductions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $711k
TOP IMPORT POTENTIALUnited States+ $1.99M

Iron Reductions’s highest export potential is United States. With an export gap of $711k.   Iron Reductions’s highest import potential is United States with an import gap of $1.99M.

See methodology.

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