2022
Exports
$35.7BWorld Rnk 3 / 223
Flag Rnk 5 / 96
2022
PRODUCT COMPLEXITY IN Iron & steel
1.68Rnk 28 / 1025
2022
Imports
$9.65BWorld Rnk 19 / 225
Flag Rnk 18 / 96
2022
ECONOMIC COMPLEXITY of Japan
2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $35.7B in Iron & steel, making it the 3rd largest exporter of Iron & steel in the world. At the same year, Iron & steel was the 5th most exported product in Japan. The main destination of Iron & steel exports from Japan are: South Korea ($6.54B), Thailand ($4.92B), China ($4.82B), Indonesia ($2.33B), and Vietnam ($2.24B).

The fastest growing export markets for Iron & steel of Japan between 2021 and 2022 were South Korea ($468M), Indonesia ($395M), and Italy ($314M).

Imports In 2022, Japan imported $9.65B in Iron & steel, becoming the 19th largest importer of Iron & steel in the world. At the same year, Iron & steel was the 18th most imported product in Japan. Japan imports Iron & steel primarily from: South Korea ($3.01B), China ($1.73B), Chinese Taipei ($1.05B), Kazakhstan ($682M), and Malaysia ($418M).

The fastest growing import markets in Iron & steel for Japan between 2021 and 2022 were China ($322M), Kazakhstan ($206M), and Malaysia ($194M).

COMPANIES In 2023, leading companies such as Ford Motor Company (17), Stanley Black & Decker (15), and Nissan (11) were at the forefront of shipping Iron & steel from Japan to the United States.

Latest Trends

August 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)¥-4.98B(-1.42%)
IMPORT GROWTH (August 2023 - August 2024)¥-6.6B(-6.99%)
MAIN EXPORTER (August 2024)Chiba¥51.6B
MAIN DESTINATION (August 2024)Thailand¥48.8B

This section shows Iron & steel'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 & steel over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$35.7B
IMPORTS (2022)$9.65B
NET TRADE (2022)$26.1B

In 2022, Japan exported $35.7B in Iron & steel. The main destinations of Japan exports on Iron & steel were South Korea ($6.54B), Thailand ($4.92B), China ($4.82B), Indonesia ($2.33B), and Vietnam ($2.24B).

In 2022, Japan imported $9.65B in Iron & steel, mainly from South Korea ($3.01B), China ($1.73B), Chinese Taipei ($1.05B), Kazakhstan ($682M), and Malaysia ($418M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron & steel EXPORT MARKETS FOR Japan WERE (2021 - 2022):
South Korea$468M (7.7%)
Indonesia$395M (20.4%)
Italy$314M (117%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron & steel BY Japan WERE (2021 - 2022):
China-$562M (-10.4%)
Vietnam-$455M (-16.9%)
Chinese Taipei-$322M (-13.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Japan's main exporting competitors in Iron & steel were:
China $69.8B
Germany $36.9B
In 2022, Japan's main importing competitors in Iron & steel were:

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Trade Value of Iron & steel by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $442M
TOP IMPORT POTENTIALChina+ $541M

Iron & steel’s highest export potential is United States. With an export gap of $442M.   Iron & steel’s highest import potential is China with an import gap of $541M.

See methodology.

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