2022
Exports
$1.52BWorld Rnk 5 / 199
Flag Rnk 93 / 1213
2022
PRODUCT COMPLEXITY IN Metalworking Machine Parts
1.64Rnk 34 / 1025
2022
Imports
$875MWorld Rnk 4 / 220
Flag Rnk 150 / 1214
2022
ECONOMIC COMPLEXITY of Japan
2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $1.52B in Metalworking Machine Parts, making it the 5th largest exporter of Metalworking Machine Parts in the world. At the same year, Metalworking Machine Parts was the 93rd most exported product in Japan. The main destination of Metalworking Machine Parts exports from Japan are: United States ($376M), China ($368M), Thailand ($113M), South Korea ($59.6M), and Germany ($58.1M).

The fastest growing export markets for Metalworking Machine Parts of Japan between 2021 and 2022 were United States ($18.9M), United Kingdom ($11.7M), and Belgium ($6.7M).

Imports In 2022, Japan imported $875M in Metalworking Machine Parts, becoming the 4th largest importer of Metalworking Machine Parts in the world. At the same year, Metalworking Machine Parts was the 150th most imported product in Japan. Japan imports Metalworking Machine Parts primarily from: China ($352M), Chinese Taipei ($139M), South Korea ($76.8M), United States ($62.7M), and Germany ($55.4M).

The fastest growing import markets in Metalworking Machine Parts for Japan between 2021 and 2022 were China ($57M), Chinese Taipei ($23.5M), and Thailand ($8.79M).

COMPANIES In 2023, leading companies such as YAMAHA CORPORATION OF AMERICA (38), CONTINENTAL AUTOMOTIVE SYSTEMS, INC (16), and Stihl (1) were at the forefront of shipping Metalworking Machine Parts from Japan to the United States.

Latest Trends

September 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)¥-286M(-1.92%)
IMPORT GROWTH (September 2023 - September 2024)¥-471M(-5.24%)
MAIN EXPORTER (September 2024)Osaka¥4.29B
MAIN DESTINATION (September 2024)United States¥4.62B

This section shows Metalworking Machine Parts'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 Metalworking Machine Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.52B
IMPORTS (2022)$875M
NET TRADE (2022)$643M

In 2022, Japan exported $1.52B in Metalworking Machine Parts. The main destinations of Japan exports on Metalworking Machine Parts were United States ($376M), China ($368M), Thailand ($113M), South Korea ($59.6M), and Germany ($58.1M).

In 2022, Japan imported $875M in Metalworking Machine Parts, mainly from China ($352M), Chinese Taipei ($139M), South Korea ($76.8M), United States ($62.7M), and Germany ($55.4M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Metalworking Machine Parts EXPORT MARKETS FOR Japan WERE (2021 - 2022):
United States$18.9M (5.28%)
United Kingdom$11.7M (46.2%)
Belgium$6.7M (50.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metalworking Machine Parts BY Japan WERE (2021 - 2022):
China-$73M (-16.5%)
Malaysia-$16.1M (-34.5%)
Netherlands-$7.63M (-71.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Japan's main exporting competitors in Metalworking Machine Parts were:
In 2022, Japan's main importing competitors in Metalworking Machine Parts were:

Explore Visualizations

Trade Value of Metalworking Machine Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $28.6M
TOP IMPORT POTENTIALGermany+ $23.7M

Metalworking Machine Parts’s highest export potential is China. With an export gap of $28.6M.   Metalworking Machine Parts’s highest import potential is Germany with an import gap of $23.7M.

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