2022
Exports
$14.5BWorld Rnk 21 / 214
Flag Rnk 5 / 1213
2022
PRODUCT COMPLEXITY IN Refined Petroleum
-0.87Rnk 795 / 1025
2022
Imports
$18.7BWorld Rnk 18 / 225
Flag Rnk 7 / 1214
2022
ECONOMIC COMPLEXITY of Japan
2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $14.5B in Refined Petroleum, making it the 21st largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 5th most exported product in Japan. The main destination of Refined Petroleum exports from Japan are: Australia ($2.8B), South Korea ($2.3B), Singapore ($2.14B), United States ($1.31B), and Philippines ($1.1B).

The fastest growing export markets for Refined Petroleum of Japan between 2021 and 2022 were Australia ($1.78B), Singapore ($1.02B), and Philippines ($878M).

Imports In 2022, Japan imported $18.7B in Refined Petroleum, becoming the 18th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 7th most imported product in Japan. Japan imports Refined Petroleum primarily from: South Korea ($4.83B), United Arab Emirates ($3.64B), Qatar ($2.49B), Kuwait ($1.1B), and Saudi Arabia ($890M).

The fastest growing import markets in Refined Petroleum for Japan between 2021 and 2022 were United Arab Emirates ($898M), South Korea ($354M), and Bahrain ($340M).

COMPANIES In 2023, leading companies such as YAMAHA CORPORATION OF AMERICA (3) and Hall's Warehouse (3) were at the forefront of shipping Refined Petroleum from Japan to the United States.

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)¥9.79B(15.2%)
IMPORT GROWTH (July 2023 - July 2024)¥59.4B(32.4%)
MAIN EXPORTER (July 2024)Chiba¥48.9B
MAIN DESTINATION (July 2024)South Korea¥22.4B

This section shows Refined Petroleum'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 Refined Petroleum over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$14.5B
IMPORTS (2022)$18.7B
NET TRADE (2022)-$4.21B

In 2022, Japan exported $14.5B in Refined Petroleum. The main destinations of Japan exports on Refined Petroleum were Australia ($2.8B), South Korea ($2.3B), Singapore ($2.14B), United States ($1.31B), and Philippines ($1.1B).

In 2022, Japan imported $18.7B in Refined Petroleum, mainly from South Korea ($4.83B), United Arab Emirates ($3.64B), Qatar ($2.49B), Kuwait ($1.1B), and Saudi Arabia ($890M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Japan WERE (2021 - 2022):
Australia$1.78B (175%)
Singapore$1.02B (91.6%)
Philippines$878M (399%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Japan WERE (2021 - 2022):
Peru-$70.1M (-97.8%)
South Africa-$35.5M (-53.4%)
Indonesia-$25.6M (-32.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Japan's main exporting competitors in Refined Petroleum were:
In 2022, Japan's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $633M
TOP IMPORT POTENTIALSaudi Arabia+ $769M

Refined Petroleum’s highest export potential is United States. With an export gap of $633M.   Refined Petroleum’s highest import potential is Saudi Arabia with an import gap of $769M.

See methodology.

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