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2022
Exports $5.63MWorld Rnk 71 / 192
Flag Rnk 844 / 1213
2022
Destination $663k Malaysia
2021 - 2022
FASTEST GROWING MARKET $663kMalaysia
2022
PRODUCT COMPLEXITY IN Packing Bags-1.76Rnk 978 / 1025
2022
Imports $472MWorld Rnk 2 / 223
Flag Rnk 238 / 1214
2022
Origin $19MN/A
2021 - 2022
FASTEST GROWING ORIGIN $19MVietnam
2022
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $5.63M in Packing Bags, making it the 71st largest exporter of Packing Bags in the world. At the same year, Packing Bags was the 844th most exported product in Japan. The main destination of Packing Bags exports from Japan are: Malaysia ($1.16M), Vietnam ($893k), Singapore ($644k), Thailand ($512k), and China ($438k).

The fastest growing export markets for Packing Bags of Japan between 2021 and 2022 were Malaysia ($663k), Thailand ($392k), and Laos ($204k).

Imports In 2022, Japan imported $472M in Packing Bags, becoming the 2nd largest importer of Packing Bags in the world. At the same year, Packing Bags was the 238th most imported product in Japan. Japan imports Packing Bags primarily from: N/A.

The fastest growing import markets in Packing Bags for Japan between 2021 and 2022 were Vietnam ($19M), Indonesia ($1.82M), and Thailand ($1.1M).

Latest Trends

June 2024

About

Overview In June 2024 Japan's Packing Bags exports accounted up to ¥29.9M and imports accounted up to ¥4.89B, resulting in a negative trade balance of ¥4.86B. Between June 2023 and June 2024 the exports of Japan's   Packing Bags have decreased by ¥-12.7M (-29.7%) from ¥42.6M to ¥29.9M, while imports decreased by ¥-288M (-5.56%) from ¥5.18B to ¥4.89B.

Destinations In June 2024, Packing Bags were exported mostly to Vietnam (¥14.9M), China (¥3.02M), Malaysia (¥2.92M), United States (¥2.82M), and Chinese Taipei (¥2.8M), and were imported mostly from China (¥3.17B), Vietnam (¥1.35B), Indonesia (¥174M), Thailand (¥82.9M), and Cambodia (¥45.1M).

Growth In June 2024, the decrease in Packing Bags's year-by-year exports was explained primarily by a decrease in exports to Vietnam (¥-6.97M or -54.1%) and Laos (¥-3.46M or -79.6%). In June 2024, the decrease in Packing Bags's year-by-year imports was explained primarily by a decrease in imports from China (¥-848M or -22.7%), Thailand (¥-19.6M or -32.1%), and Bangladesh (¥-11.6M or -81.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)¥-12.7M(-29.7%)
IMPORT GROWTH (June 2023 - June 2024)¥-288M(-5.56%)
MAIN EXPORTER (June 2024)Kanagawa¥10.6M
MAIN DESTINATION (June 2024)Vietnam¥14.9M

This section shows Packing Bags'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 Packing Bags over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$5.63M
IMPORTS (2022)$472M
NET TRADE (2022)-$467M

In 2022, Japan exported $5.63M in Packing Bags. The main destinations of Japan exports on Packing Bags were Malaysia ($1.16M), Vietnam ($893k), Singapore ($644k), Thailand ($512k), and China ($438k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packing Bags EXPORT MARKETS FOR Japan WERE (2021 - 2022):
Malaysia$663k (134%)
Thailand$392k (326%)
Laos$204k (251%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packing Bags BY Japan WERE (2021 - 2022):
United States-$341k (-72.6%)
Indonesia-$251k (-61.1%)
Vietnam-$244k (-21.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Japan's main exporting competitors in Packing Bags were:
China $1.74B
India $1.39B
Vietnam $639M
In 2022, Japan's main importing competitors in Packing Bags were:
United States $894M
Germany $351M

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Trade Value of Packing Bags by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $401k
TOP IMPORT POTENTIALIndia+ $6.77M

Packing Bags’s highest export potential is United States. With an export gap of $401k.   Packing Bags’s highest import potential is India with an import gap of $6.77M.

See methodology.

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