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2023
Exports $7.92BWorld Rnk 4 / 226
Flag Rnk 14 / 1209
2023
Destination $49.4M China
2022 - 2023
FASTEST GROWING MARKET $49.4MIndia
2023
PRODUCT COMPLEXITY IN Low-voltage Protection Equipment0.68Rnk 294 / 1025
2023
Imports $2.96BWorld Rnk 9 / 226
Flag Rnk 34 / 1209
2023
Origin $15.7M China
2022 - 2023
FASTEST GROWING ORIGIN $15.7MThailand
2023
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 132

About

Exports In 2023, Japan exported $7.92B in Low-voltage Protection Equipment, making it the 4th largest exporter of Low-voltage Protection Equipment in the world. At the same year, Low-voltage Protection Equipment was the 14th most exported product in Japan. The main destination of Low-voltage Protection Equipment exports from Japan are: China ($2.17B), Hong Kong ($862M), United States ($712M), Thailand ($574M), and Mexico ($489M).

The fastest growing export markets for Low-voltage Protection Equipment of Japan between 2022 and 2023 were India ($49.4M), Mexico ($23.3M), and Turkey ($17.7M).

Imports In 2023, Japan imported $2.96B in Low-voltage Protection Equipment, becoming the 9th largest importer of Low-voltage Protection Equipment in the world. At the same year, Low-voltage Protection Equipment was the 34th most imported product in Japan. Japan imports Low-voltage Protection Equipment primarily from: China ($1.25B), Thailand ($324M), United States ($197M), Vietnam ($187M), and Malaysia ($171M).

The fastest growing import markets in Low-voltage Protection Equipment for Japan between 2022 and 2023 were Thailand ($15.7M), South Korea ($12.5M), and Netherlands ($2.48M).

COMPANIES In 2023, leading companies such as Panasonic (93), TE Connectivity (61), and Goodyear Tire and Rubber (12) were at the forefront of shipping Low-voltage Protection Equipment from Japan to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Japan's Low-voltage Protection Equipment exports accounted up to ¥76.8B and imports accounted up to ¥35B, resulting in a positive trade balance of ¥41.7B. Between November 2023 and November 2024 the exports of Japan's   Low-voltage Protection Equipment have increased by ¥3.32B (4.52%) from ¥73.4B to ¥76.8B, while imports decreased by ¥-1.02B (-2.82%) from ¥36.1B to ¥35B.

Destinations In November 2024, Low-voltage Protection Equipment were exported mostly to China (¥20.6B), United States (¥10.7B), Hong Kong (¥9.12B), Vietnam (¥5.5B), and Thailand (¥4.76B), and were imported mostly from China (¥15.4B), Thailand (¥3.98B), United States (¥2.66B), Vietnam (¥2.13B), and Philippines (¥1.62B).

Growth In November 2024, the increase in Low-voltage Protection Equipment's year-by-year exports was explained primarily by an increase in exports to Netherlands (¥255M or 28.5%), India (¥243M or 19.4%), and United States (¥177M or 2.46%). In November 2024, the decrease in Low-voltage Protection Equipment's year-by-year imports was explained primarily by a decrease in imports from China (¥-824M or -4.55%), Chinese Taipei (¥-318M or -16.6%), and South Korea (¥-118M or -10.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)¥3.32B(4.52%)
IMPORT GROWTH (November 2023 - November 2024)¥-1.02B(-2.82%)
MAIN EXPORTER (November 2024)Chiba¥21.3B
MAIN DESTINATION (November 2024)China¥20.6B

This section shows Low-voltage Protection Equipment'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 Low-voltage Protection Equipment over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$7.92B
IMPORTS (2023)$2.96B
NET TRADE (2023)$4.96B

In 2023, Japan exported $7.92B in Low-voltage Protection Equipment. The main destinations of Japan exports on Low-voltage Protection Equipment were China ($2.17B), Hong Kong ($862M), United States ($712M), Thailand ($574M), and Mexico ($489M).

In 2023, Japan imported $2.96B in Low-voltage Protection Equipment, mainly from China ($1.25B), Thailand ($324M), United States ($197M), Vietnam ($187M), and Malaysia ($171M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Low-voltage Protection Equipment EXPORT MARKETS FOR Japan WERE (2022 - 2023):
India$49.4M (27.2%)
Mexico$23.3M (5%)
Turkey$17.7M (39.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Low-voltage Protection Equipment BY Japan WERE (2022 - 2023):
China-$669M (-23.6%)
Hong Kong-$388M (-31%)
Vietnam-$124M (-23.9%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Japan's main exporting competitors in Low-voltage Protection Equipment were:
China $24.8B
Germany $15.5B
United States $9.69B
In 2023, Japan's main importing competitors in Low-voltage Protection Equipment were:
United States $13.5B
Germany $9.42B
China $8.39B

Explore Visualizations

Trade Value of Low-voltage Protection Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $235M
TOP IMPORT POTENTIALChina+ $317M

Low-voltage Protection Equipment’s highest export potential is United States. With an export gap of $235M.   Low-voltage Protection Equipment’s highest import potential is China with an import gap of $317M.

See methodology.

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