Motor vehicles; parts and accessories (8701 to 8705) in Japan | The Observatory of Economic Complexity

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Exports In 2023, Japan exported $28.9B in Motor vehicles; parts and accessories (8701 to 8705), making it the 5th largest exporter of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 4th most exported product in Japan. The main destination of Motor vehicles; parts and accessories (8701 to 8705) exports from Japan are: United States ($6.87B), China ($3.58B), Thailand ($2.75B), Mexico ($1.75B), and Indonesia ($1.47B).

The fastest growing export markets for Motor vehicles; parts and accessories (8701 to 8705) of Japan between 2022 and 2023 were Mexico ($232M), United Arab Emirates ($223M), and Sweden ($187M).

Imports In 2023, Japan imported $8.4B in Motor vehicles; parts and accessories (8701 to 8705), becoming the 14th largest importer of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 15th most imported product in Japan. Japan imports Motor vehicles; parts and accessories (8701 to 8705) primarily from: China ($3.81B), Thailand ($900M), Vietnam ($530M), Germany ($519M), and South Korea ($440M).

The fastest growing import markets in Motor vehicles; parts and accessories (8701 to 8705) for Japan between 2022 and 2023 were China ($555M), Thailand ($98.9M), and Vietnam ($93.8M).

COMPANIES In 2023, leading companies such as Brose Mechatronic Systems (878), Mazda (310), and Kubota (303) were at the forefront of shipping Motor vehicles; parts and accessories (8701 to 8705) from Japan to the United States.

Latest Trends

November 2024

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Overview In November 2024 Japan's Motor vehicles; parts and accessories (8701 to 8705) exports accounted up to ¥314B and imports accounted up to ¥109B, resulting in a positive trade balance of ¥206B. Between November 2023 and November 2024 the exports of Japan's Motor vehicles; parts and accessories (8701 to 8705) have decreased by ¥-21.7B (-6.46%) from ¥336B to ¥314B, while imports decreased by ¥-4.75B (-4.18%) from ¥114B to ¥109B.

Destinations In November 2024, Motor vehicles; parts and accessories (8701 to 8705) were exported mostly to United States (¥89.8B), China (¥43B), Thailand (¥25.6B), Indonesia (¥15.7B), and Brazil (¥15.1B), and were imported mostly from China (¥52.9B), Thailand (¥12.6B), Vietnam (¥6.94B), Germany (¥5.42B), and South Korea (¥5.06B).

Growth In November 2024, the decrease in Motor vehicles; parts and accessories (8701 to 8705)'s year-by-year exports was explained primarily by a decrease in exports to China (¥-31.3B or -64.6%), Belgium (¥-13.9B or -77.8%), and Russia (¥-7.61B or -90.8%). In November 2024, the decrease in Motor vehicles; parts and accessories (8701 to 8705)'s year-by-year imports was explained primarily by a decrease in imports from Mexico (¥-465M or -12.4%), Netherlands (¥-295M or -76%), and Spain (¥-270M or -21.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (November 2023 - November 2024)¥-21.7B(-6.46%)

IMPORT GROWTH (November 2023 - November 2024)¥-4.75B(-4.18%)

MAIN EXPORTER (November 2024)Aichi¥197B

MAIN DESTINATION (November 2024)United States¥89.8B

This section shows Motor vehicles; parts and accessories (8701 to 8705)'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 Motor vehicles; parts and accessories (8701 to 8705) over time.

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