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2022
Exports $1.24BWorld Rnk 3 / 195
Flag Rnk 109 / 1213
2022
Destination $2.48M China
2021 - 2022
FASTEST GROWING MARKET $2.48MHungary
2022
PRODUCT COMPLEXITY IN Lubricating Products1.61Rnk 36 / 1025
2022
Imports $106MWorld Rnk 27 / 224
Flag Rnk 550 / 1214
2022
Origin $4.31M United States
2021 - 2022
FASTEST GROWING ORIGIN $4.31MUnited States
2022
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $1.24B in Lubricating Products, making it the 3rd largest exporter of Lubricating Products in the world. At the same year, Lubricating Products was the 109th most exported product in Japan. The main destination of Lubricating Products exports from Japan are: China ($681M), Thailand ($89.6M), India ($83.5M), South Korea ($58.8M), and United States ($47M).

The fastest growing export markets for Lubricating Products of Japan between 2021 and 2022 were Hungary ($2.48M), Mexico ($1.48M), and Czechia ($984k).

Imports In 2022, Japan imported $106M in Lubricating Products, becoming the 27th largest importer of Lubricating Products in the world. At the same year, Lubricating Products was the 550th most imported product in Japan. Japan imports Lubricating Products primarily from: United States ($41.7M), Germany ($13.5M), China ($11.4M), Singapore ($7.45M), and France ($6.74M).

The fastest growing import markets in Lubricating Products for Japan between 2021 and 2022 were United States ($4.31M), Belgium ($2M), and France ($1.69M).

COMPANIES In 2023, leading companies such as Nissan (3) were at the forefront of shipping Lubricating Products from Japan to the United States.

Latest Trends

October 2024

About

Overview In October 2024 Japan's Lubricating Products exports accounted up to ¥16.6B and imports accounted up to ¥1.1B, resulting in a positive trade balance of ¥15.5B. Between October 2023 and October 2024 the exports of Japan's   Lubricating Products have increased by ¥718M (4.53%) from ¥15.8B to ¥16.6B, while imports decreased by ¥-496M (-31.1%) from ¥1.59B to ¥1.1B.

Destinations In October 2024, Lubricating Products were exported mostly to China (¥9.56B), India (¥1.41B), Thailand (¥883M), South Korea (¥685M), and United States (¥636M), and were imported mostly from United States (¥353M), Germany (¥216M), Singapore (¥79.9M), France (¥76.5M), and South Korea (¥63.2M).

Growth In October 2024, the increase in Lubricating Products's year-by-year exports was explained primarily by an increase in exports to Thailand (¥216M or 32.9%), Singapore (¥130M or 89.8%), and United Arab Emirates (¥96M or 591%). In October 2024, the decrease in Lubricating Products's year-by-year imports was explained primarily by a decrease in imports from Germany (¥-46.7M or -21.5%), China (¥-44.3M or -43%), and Switzerland (¥-25.6M or -39.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)¥718M(4.53%)
IMPORT GROWTH (October 2023 - October 2024)¥-496M(-31.1%)
MAIN EXPORTER (October 2024)Aichi¥6.79B
MAIN DESTINATION (October 2024)China¥9.56B

This section shows Lubricating Products'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 Lubricating Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.24B
IMPORTS (2022)$106M
NET TRADE (2022)$1.13B

In 2022, Japan exported $1.24B in Lubricating Products. The main destinations of Japan exports on Lubricating Products were China ($681M), Thailand ($89.6M), India ($83.5M), South Korea ($58.8M), and United States ($47M).

In 2022, Japan imported $106M in Lubricating Products, mainly from United States ($41.7M), Germany ($13.5M), China ($11.4M), Singapore ($7.45M), and France ($6.74M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Lubricating Products EXPORT MARKETS FOR Japan WERE (2021 - 2022):
Hungary$2.48M (498%)
Mexico$1.48M (11.8%)
Czechia$984k (32.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Lubricating Products BY Japan WERE (2021 - 2022):
China-$61.1M (-8.24%)
South Korea-$11.3M (-16.2%)
Vietnam-$4.4M (-10.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Japan's main exporting competitors in Lubricating Products were:
Germany $2.32B
United States $1.94B
In 2022, Japan's main importing competitors in Lubricating Products were:
China $1.71B
Germany $676M
Mexico $433M

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Trade Value of Lubricating Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $14.5M
TOP IMPORT POTENTIALGermany+ $6.42M

Lubricating Products’s highest export potential is United States. With an export gap of $14.5M.   Lubricating Products’s highest import potential is Germany with an import gap of $6.42M.

See methodology.

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