2023
Exports
$261MWorld Rnk 4 / 82
Flag Rnk 292 / 1209
2023
PRODUCT COMPLEXITY IN Rare-Earth Metal Compounds
0.67Rnk 297 / 1025
2023
Imports
$478MWorld Rnk 2 / 146
Flag Rnk 220 / 1209
2023
ECONOMIC COMPLEXITY of Japan
2.07Rnk 1 / 132

About

Exports In 2023, Japan exported $261M in Rare-Earth Metal Compounds, making it the 4th largest exporter of Rare-Earth Metal Compounds in the world. At the same year, Rare-Earth Metal Compounds was the 292nd most exported product in Japan. The main destination of Rare-Earth Metal Compounds exports from Japan are: Philippines ($57.1M), Vietnam ($52.5M), China ($31.9M), South Korea ($27.5M), and United States ($22.7M).

The fastest growing export markets for Rare-Earth Metal Compounds of Japan between 2022 and 2023 were Vietnam ($22.3M), Philippines ($12.7M), and Malaysia ($3.13M).

Imports In 2023, Japan imported $478M in Rare-Earth Metal Compounds, becoming the 2nd largest importer of Rare-Earth Metal Compounds in the world. At the same year, Rare-Earth Metal Compounds was the 220th most imported product in Japan. Japan imports Rare-Earth Metal Compounds primarily from: China ($219M), Malaysia ($176M), France ($35.5M), Estonia ($19.2M), and Italy ($8.13M).

The fastest growing import markets in Rare-Earth Metal Compounds for Japan between 2022 and 2023 were Malaysia ($75.1M), Estonia ($13.1M), and Italy ($4.22M).

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)¥512M(15.6%)
IMPORT GROWTH (December 2023 - December 2024)¥581M(26.6%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)South Korea¥583M

This section shows Rare-Earth Metal Compounds'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 Rare-Earth Metal Compounds over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$261M
IMPORTS (2023)$478M
NET TRADE (2023)-$217M

In 2023, Japan exported $261M in Rare-Earth Metal Compounds. The main destinations of Japan exports on Rare-Earth Metal Compounds were Philippines ($57.1M), Vietnam ($52.5M), China ($31.9M), South Korea ($27.5M), and United States ($22.7M).

In 2023, Japan imported $478M in Rare-Earth Metal Compounds, mainly from China ($219M), Malaysia ($176M), France ($35.5M), Estonia ($19.2M), and Italy ($8.13M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Rare-Earth Metal Compounds EXPORT MARKETS FOR Japan WERE (2022 - 2023):
Vietnam$22.3M (73.7%)
Philippines$12.7M (28.6%)
Malaysia$3.13M (84.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rare-Earth Metal Compounds BY Japan WERE (2022 - 2023):
United States-$15.6M (-40.8%)
Chinese Taipei-$14.7M (-41.9%)
India-$1.49M (-35.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Japan's main exporting competitors in Rare-Earth Metal Compounds were:
Burma $1.44B
China $513M
In 2023, Japan's main importing competitors in Rare-Earth Metal Compounds were:
China $1.98B

Explore Visualizations

Trade Value of Rare-Earth Metal Compounds by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $15.1M
TOP IMPORT POTENTIALIndia+ $4.33M

Rare-Earth Metal Compounds’s highest export potential is China. With an export gap of $15.1M.   Rare-Earth Metal Compounds’s highest import potential is India with an import gap of $4.33M.

See methodology.

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