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2022
Exports $534MWorld Rnk 3 / 161
Flag Rnk 190 / 1213
2022
Destination $30.8M China
2021 - 2022
FASTEST GROWING MARKET $30.8MIndia
2022
PRODUCT COMPLEXITY IN Metal Finishing Machines1.51Rnk 48 / 1025
2022
Imports $100MWorld Rnk 9 / 210
Flag Rnk 562 / 1214
2022
Origin $5.42M Switzerland
2021 - 2022
FASTEST GROWING ORIGIN $5.42MSwitzerland
2022
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $534M in Metal Finishing Machines, making it the 3rd largest exporter of Metal Finishing Machines in the world. At the same year, Metal Finishing Machines was the 190th most exported product in Japan. The main destination of Metal Finishing Machines exports from Japan are: China ($178M), United States ($63.4M), India ($53.8M), South Korea ($45.7M), and Thailand ($45.3M).

The fastest growing export markets for Metal Finishing Machines of Japan between 2021 and 2022 were India ($30.8M), Malaysia ($9.65M), and South Korea ($9.36M).

Imports In 2022, Japan imported $100M in Metal Finishing Machines, becoming the 9th largest importer of Metal Finishing Machines in the world. At the same year, Metal Finishing Machines was the 562nd most imported product in Japan. Japan imports Metal Finishing Machines primarily from: Switzerland ($24.7M), Thailand ($15M), Chinese Taipei ($14.8M), Germany ($9.88M), and China ($9.03M).

The fastest growing import markets in Metal Finishing Machines for Japan between 2021 and 2022 were Switzerland ($5.42M), Germany ($4.97M), and Thailand ($4.49M).

COMPANIES In 2023, leading companies such as Kubota (23) were at the forefront of shipping Metal Finishing Machines from Japan to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Japan's Metal Finishing Machines exports accounted up to ¥6.07B and imports accounted up to ¥691M, resulting in a positive trade balance of ¥5.37B. Between August 2023 and August 2024 the exports of Japan's   Metal Finishing Machines have increased by ¥2.61B (75.8%) from ¥3.45B to ¥6.07B, while imports increased by ¥91.1M (15.2%) from ¥600M to ¥691M.

Destinations In August 2024, Metal Finishing Machines were exported mostly to China (¥2.6B), Israel (¥615M), South Korea (¥509M), United States (¥496M), and India (¥477M), and were imported mostly from Thailand (¥144M), Czechia (¥108M), Singapore (¥94.2M), China (¥78M), and Chinese Taipei (¥71.2M).

Growth In August 2024, the increase in Metal Finishing Machines's year-by-year exports was explained primarily by an increase in exports to India (¥684M or 668%), United States (¥505M or 332%), and Malaysia (¥142M or 618%). In August 2024, the increase in Metal Finishing Machines's year-by-year imports was explained primarily by an increase in imports from Chinese Taipei (¥182M or 144%), China (¥86.4M or 81.9%), and Germany (¥64.4M or 1.82k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)¥2.61B(75.8%)
IMPORT GROWTH (August 2023 - August 2024)¥91.1M(15.2%)
MAIN EXPORTER (August 2024)Aichi¥3.12B
MAIN DESTINATION (August 2024)China¥2.6B

This section shows Metal Finishing Machines'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 Metal Finishing Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$534M
IMPORTS (2022)$100M
NET TRADE (2022)$434M

In 2022, Japan exported $534M in Metal Finishing Machines. The main destinations of Japan exports on Metal Finishing Machines were China ($178M), United States ($63.4M), India ($53.8M), South Korea ($45.7M), and Thailand ($45.3M).

In 2022, Japan imported $100M in Metal Finishing Machines, mainly from Switzerland ($24.7M), Thailand ($15M), Chinese Taipei ($14.8M), Germany ($9.88M), and China ($9.03M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Metal Finishing Machines EXPORT MARKETS FOR Japan WERE (2021 - 2022):
India$30.8M (134%)
Malaysia$9.65M (98%)
South Korea$9.36M (25.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metal Finishing Machines BY Japan WERE (2021 - 2022):
China-$58.6M (-24.8%)
Indonesia-$11.6M (-63.6%)
Germany-$10.7M (-74.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Japan's main exporting competitors in Metal Finishing Machines were:
Germany $779M
Switzerland $601M
In 2022, Japan's main importing competitors in Metal Finishing Machines were:
China $836M
United States $544M
Germany $295M

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Trade Value of Metal Finishing Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $5.69M
TOP IMPORT POTENTIALChina+ $4.64M

Metal Finishing Machines’s highest export potential is India. With an export gap of $5.69M.   Metal Finishing Machines’s highest import potential is China with an import gap of $4.64M.

See methodology.

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