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2022
Exports $699MWorld Rnk 5 / 200
Flag Rnk 48 / 96
2022
Destination $27.6M China
2021 - 2022
FASTEST GROWING MARKET $27.6MUnited States
2022
PRODUCT COMPLEXITY IN Musical instruments1.43Rnk 66 / 1025
2022
Imports $528MWorld Rnk 4 / 224
Flag Rnk 73 / 96
2022
Origin $6.77M China
2021 - 2022
FASTEST GROWING ORIGIN $6.77MMalaysia
2022
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $699M in Musical instruments, making it the 5th largest exporter of Musical instruments in the world. At the same year, Musical instruments was the 48th most exported product in Japan. The main destination of Musical instruments exports from Japan are: China ($196M), United States ($161M), Germany ($53.6M), Indonesia ($41.3M), and Australia ($28.7M).

The fastest growing export markets for Musical instruments of Japan between 2021 and 2022 were United States ($27.6M), Indonesia ($6.49M), and Vietnam ($4.51M).

Imports In 2022, Japan imported $528M in Musical instruments, becoming the 4th largest importer of Musical instruments in the world. At the same year, Musical instruments was the 73rd most imported product in Japan. Japan imports Musical instruments primarily from: China ($155M), Indonesia ($115M), United States ($94.8M), Germany ($30.4M), and Malaysia ($29.6M).

The fastest growing import markets in Musical instruments for Japan between 2021 and 2022 were Malaysia ($6.77M), Chinese Taipei ($3.39M), and Indonesia ($2.9M).

COMPANIES In 2023, leading companies such as YAMAHA CORPORATION OF AMERICA (32), ZF Friedrichshafen (8), and Schindler Elevators (2) were at the forefront of shipping Musical instruments from Japan to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Japan's Musical instruments exports accounted up to ¥7.78B and imports accounted up to ¥5.73B, resulting in a positive trade balance of ¥2.05B. Between June 2023 and June 2024 the exports of Japan's   Musical instruments have increased by ¥146M (1.91%) from ¥7.63B to ¥7.78B, while imports decreased by ¥-479M (-7.71%) from ¥6.21B to ¥5.73B.

Destinations In June 2024, Musical instruments were exported mostly to United States (¥2.65B), China (¥1.51B), Germany (¥673M), Indonesia (¥311M), and South Korea (¥249M), and were imported mostly from China (¥1.52B), United States (¥1.34B), Indonesia (¥1.25B), France (¥353M), and Germany (¥334M).

Growth In June 2024, the increase in Musical instruments's year-by-year exports was explained primarily by an increase in exports to Australia (¥135M or 95.7%), Canada (¥84.9M or 131%), and Singapore (¥58.6M or 60.4%). In June 2024, the decrease in Musical instruments's year-by-year imports was explained primarily by a decrease in imports from China (¥-135M or -8.66%), Mexico (¥-43.3M or -43.1%), and Romania (¥-16.2M or -94.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)¥146M(1.91%)
IMPORT GROWTH (June 2023 - June 2024)¥-479M(-7.71%)
MAIN EXPORTER (June 2024)Shizuoka¥4.72B
MAIN DESTINATION (June 2024)United States¥2.65B

This section shows Musical instruments'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 Musical instruments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$699M
IMPORTS (2022)$528M
NET TRADE (2022)$171M

In 2022, Japan exported $699M in Musical instruments. The main destinations of Japan exports on Musical instruments were China ($196M), United States ($161M), Germany ($53.6M), Indonesia ($41.3M), and Australia ($28.7M).

In 2022, Japan imported $528M in Musical instruments, mainly from China ($155M), Indonesia ($115M), United States ($94.8M), Germany ($30.4M), and Malaysia ($29.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Musical instruments EXPORT MARKETS FOR Japan WERE (2021 - 2022):
United States$27.6M (20.6%)
Indonesia$6.49M (18.6%)
Vietnam$4.51M (25.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Musical instruments BY Japan WERE (2021 - 2022):
China-$33M (-14.5%)
Russia-$4.61M (-62.1%)
France-$2.87M (-15.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Japan's main exporting competitors in Musical instruments were:
China $2.53B
Indonesia $1.08B
Germany $1.01B
In 2022, Japan's main importing competitors in Musical instruments were:
United States $1.91B
Germany $876M
China $615M

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Trade Value of Musical instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $2.87M
TOP IMPORT POTENTIALChina+ $23.8M

Musical instruments’s highest export potential is France. With an export gap of $2.87M.   Musical instruments’s highest import potential is China with an import gap of $23.8M.

See methodology.

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