2022
Exports
$18.8BWorld Rnk 37 / 216
Flag Rnk 7 / 96
2022
PRODUCT COMPLEXITY IN Mineral fuels, mineral oils and products of their distillation
0.48Rnk 371 / 1025
2022
Imports
$226BWorld Rnk 4 / 225
Flag Rnk 1 / 96
2022
ECONOMIC COMPLEXITY of Japan
2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $18.8B in Mineral fuels, mineral oils and products of their distillation, making it the 37th largest exporter of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 7th most exported product in Japan. The main destination of Mineral fuels, mineral oils and products of their distillation exports from Japan are: South Korea ($3.37B), Australia ($2.81B), Singapore ($2.14B), China ($1.68B), and United States ($1.5B).

The fastest growing export markets for Mineral fuels, mineral oils and products of their distillation of Japan between 2021 and 2022 were Australia ($1.8B), Singapore ($1.01B), and United States ($910M).

Imports In 2022, Japan imported $226B in Mineral fuels, mineral oils and products of their distillation, becoming the 4th largest importer of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 1st most imported product in Japan. Japan imports Mineral fuels, mineral oils and products of their distillation primarily from: Australia ($62.5B), United Arab Emirates ($38.4B), Saudi Arabia ($35.3B), United States ($13.8B), and Qatar ($11.7B).

The fastest growing import markets in Mineral fuels, mineral oils and products of their distillation for Japan between 2021 and 2022 were Australia ($34.3B), United Arab Emirates ($15.7B), and Saudi Arabia ($12.2B).

COMPANIES In 2023, leading companies such as Wismettac Asian Foods (6), YAMAHA CORPORATION OF AMERICA (3), and Hall's Warehouse (3) were at the forefront of shipping Mineral fuels, mineral oils and products of their distillation from Japan to the United States.

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)¥6.11B(7.04%)
IMPORT GROWTH (July 2023 - July 2024)¥225B(11.5%)
MAIN EXPORTER (July 2024)Chiba¥55.3B
MAIN DESTINATION (July 2024)South Korea¥32.5B

This section shows Mineral fuels, mineral oils and products of their distillation'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 Mineral fuels, mineral oils and products of their distillation over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$18.8B
IMPORTS (2022)$226B
NET TRADE (2022)-$207B

In 2022, Japan exported $18.8B in Mineral fuels, mineral oils and products of their distillation. The main destinations of Japan exports on Mineral fuels, mineral oils and products of their distillation were South Korea ($3.37B), Australia ($2.81B), Singapore ($2.14B), China ($1.68B), and United States ($1.5B).

In 2022, Japan imported $226B in Mineral fuels, mineral oils and products of their distillation, mainly from Australia ($62.5B), United Arab Emirates ($38.4B), Saudi Arabia ($35.3B), United States ($13.8B), and Qatar ($11.7B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Mineral fuels, mineral oils and products of their distillation EXPORT MARKETS FOR Japan WERE (2021 - 2022):
Australia$1.8B (176%)
Singapore$1.01B (88.9%)
United States$910M (154%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mineral fuels, mineral oils and products of their distillation BY Japan WERE (2021 - 2022):
Brunei-$162M (-99.9%)
Peru-$70.2M (-97.4%)
Indonesia-$59.1M (-44.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Japan's main exporting competitors in Mineral fuels, mineral oils and products of their distillation were:
In 2022, Japan's main importing competitors in Mineral fuels, mineral oils and products of their distillation were:

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Trade Value of Mineral fuels, mineral oils and products of their distillation by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $693M
TOP IMPORT POTENTIALRussia+ $3.89B

Mineral fuels, mineral oils and products of their distillation’s highest export potential is United States. With an export gap of $693M.   Mineral fuels, mineral oils and products of their distillation’s highest import potential is Russia with an import gap of $3.89B.

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