2023
Exports
$2.92BWorld Rnk 5 / 207
Flag Rnk 56 / 1209
2023
PRODUCT COMPLEXITY IN Scrap Iron
-0.57Rnk 726 / 1025
2023
Imports
$136MWorld Rnk 37 / 177
Flag Rnk 462 / 1209
2023
ECONOMIC COMPLEXITY of Japan
2.07Rnk 1 / 132

About

Exports In 2023, Japan exported $2.92B in Scrap Iron, making it the 5th largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 56th most exported product in Japan. The main destination of Scrap Iron exports from Japan are: South Korea ($1.09B), Vietnam ($640M), Chinese Taipei ($468M), China ($232M), and Bangladesh ($199M).

The fastest growing export markets for Scrap Iron of Japan between 2022 and 2023 were Chinese Taipei ($135M), Bangladesh ($48.5M), and Malaysia ($37.6M).

Imports In 2023, Japan imported $136M in Scrap Iron, becoming the 37th largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 462nd most imported product in Japan. Japan imports Scrap Iron primarily from: South Korea ($45M), United States ($16.5M), Chinese Taipei ($15.9M), Philippines ($14.2M), and Malaysia ($7.96M).

The fastest growing import markets in Scrap Iron for Japan between 2022 and 2023 were Germany ($3.25M), Turkey ($888k), and Italy ($621k).

COMPANIES In 2023, leading companies such as YAMAHA CORPORATION OF AMERICA (3) were at the forefront of shipping Scrap Iron from Japan to the United States.

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)¥770M(2.44%)
IMPORT GROWTH (November 2023 - November 2024)¥725M(101%)
MAIN EXPORTER (November 2024)Kanagawa¥7.84B
MAIN DESTINATION (November 2024)Vietnam¥12.1B

This section shows Scrap Iron'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 Scrap Iron over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$2.92B
IMPORTS (2023)$136M
NET TRADE (2023)$2.79B

In 2023, Japan exported $2.92B in Scrap Iron. The main destinations of Japan exports on Scrap Iron were South Korea ($1.09B), Vietnam ($640M), Chinese Taipei ($468M), China ($232M), and Bangladesh ($199M).

In 2023, Japan imported $136M in Scrap Iron, mainly from South Korea ($45M), United States ($16.5M), Chinese Taipei ($15.9M), Philippines ($14.2M), and Malaysia ($7.96M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR Japan WERE (2022 - 2023):
Chinese Taipei$135M (40.5%)
Bangladesh$48.5M (32.3%)
Malaysia$37.6M (74.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY Japan WERE (2022 - 2023):
South Korea-$819M (-42.9%)
Hong Kong-$1.62M (-50%)
Pakistan-$691k (-36%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Japan's main exporting competitors in Scrap Iron were:
In 2023, Japan's main importing competitors in Scrap Iron were:
Turkey $7.59B
India $6.63B
Italy $2.59B

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Trade Value of Scrap Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $48.4M
TOP IMPORT POTENTIALUnited States+ $15.6M

Scrap Iron’s highest export potential is India. With an export gap of $48.4M.   Scrap Iron’s highest import potential is United States with an import gap of $15.6M.

See methodology.

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