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2023
Exports $5.93MWorld Rnk 72 / 190
Flag Rnk 840 / 1209
2023
Destination $492k Singapore
2022 - 2023
FASTEST GROWING MARKET $492kSingapore
2023
PRODUCT COMPLEXITY IN Packing Bags-1.73Rnk 976 / 1025
2023
Imports $393MWorld Rnk 2 / 222
Flag Rnk 260 / 1209
2023
Origin $510k China
2022 - 2023
FASTEST GROWING ORIGIN $510kCambodia
2023
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 132

About

Exports In 2023, Japan exported $5.93M in Packing Bags, making it the 72nd largest exporter of Packing Bags in the world. At the same year, Packing Bags was the 840th most exported product in Japan. The main destination of Packing Bags exports from Japan are: Singapore ($1.36M), Vietnam ($1.07M), Philippines ($703k), Malaysia ($336k), and Laos ($326k).

The fastest growing export markets for Packing Bags of Japan between 2022 and 2023 were Singapore ($492k), Philippines ($485k), and Germany ($102k).

Imports In 2023, Japan imported $393M in Packing Bags, becoming the 2nd largest importer of Packing Bags in the world. At the same year, Packing Bags was the 260th most imported product in Japan. Japan imports Packing Bags primarily from: China ($258M), Vietnam ($101M), Indonesia ($13.8M), Thailand ($5.71M), and Cambodia ($5.25M).

The fastest growing import markets in Packing Bags for Japan between 2022 and 2023 were Cambodia ($510k), Poland ($303k), and United States ($288k).

Latest Trends

November 2024

About

Overview In November 2024 Japan's Packing Bags exports accounted up to ¥18.7M and imports accounted up to ¥5.17B, resulting in a negative trade balance of ¥5.15B. Between November 2023 and November 2024 the exports of Japan's   Packing Bags have decreased by ¥-28.1M (-60%) from ¥46.8M to ¥18.7M, while imports increased by ¥287M (5.88%) from ¥4.88B to ¥5.17B.

Destinations In November 2024, Packing Bags were exported mostly to Vietnam (¥10.8M), China (¥3.86M), Solomon Islands (¥1.3M), Laos (¥848k), and Hong Kong (¥799k), and were imported mostly from China (¥3.54B), Vietnam (¥1.29B), Indonesia (¥189M), Cambodia (¥48.9M), and Thailand (¥47.5M).

Growth In November 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 November 2024, the increase in Packing Bags's year-by-year imports was explained primarily by an increase in imports from Vietnam (¥92.3M or 8.19%), Cambodia (¥16.2M or 27.1%), and India (¥5.12M or 55.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)¥-28.1M(-60%)
IMPORT GROWTH (November 2023 - November 2024)¥287M(5.88%)
MAIN EXPORTER (November 2024)Kanagawa¥10.6M
MAIN DESTINATION (November 2024)Vietnam¥10.8M

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 (2023)$5.93M
IMPORTS (2023)$393M
NET TRADE (2023)-$387M

In 2023, Japan exported $5.93M in Packing Bags. The main destinations of Japan exports on Packing Bags were Singapore ($1.36M), Vietnam ($1.07M), Philippines ($703k), Malaysia ($336k), and Laos ($326k).

In 2023, Japan imported $393M in Packing Bags, mainly from China ($258M), Vietnam ($101M), Indonesia ($13.8M), Thailand ($5.71M), and Cambodia ($5.25M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Packing Bags EXPORT MARKETS FOR Japan WERE (2022 - 2023):
Singapore$492k (56.9%)
Philippines$485k (223%)
Germany$102k (435%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packing Bags BY Japan WERE (2022 - 2023):
Malaysia-$581k (-63.4%)
Vietnam-$304k (-22.2%)
China-$268k (-62.4%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Japan's main exporting competitors in Packing Bags were:
China $1.42B
India $1.14B
Vietnam $331M
In 2023, Japan's main importing competitors in Packing Bags were:
United States $658M
France $253M

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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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