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2022
Exports $1.84BWorld Rnk 4 / 119
Flag Rnk 80 / 1213
2022
Destination $99.1M South Korea
2021 - 2022
FASTEST GROWING MARKET $99.1MSouth Korea
2022
PRODUCT COMPLEXITY IN Semi-Finished Iron-0.88Rnk 800 / 1025
2022
Imports $142MWorld Rnk 39 / 188
Flag Rnk 481 / 1214
2022
Origin $7.05M South Korea
2021 - 2022
FASTEST GROWING ORIGIN $7.05MChina
2022
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $1.84B in Semi-Finished Iron, making it the 4th largest exporter of Semi-Finished Iron in the world. At the same year, Semi-Finished Iron was the 80th most exported product in Japan. The main destination of Semi-Finished Iron exports from Japan are: South Korea ($709M), Chinese Taipei ($572M), Thailand ($369M), China ($70.1M), and Indonesia ($61.1M).

The fastest growing export markets for Semi-Finished Iron of Japan between 2021 and 2022 were South Korea ($99.1M), Thailand ($40.6M), and United States ($20.1M).

Imports In 2022, Japan imported $142M in Semi-Finished Iron, becoming the 39th largest importer of Semi-Finished Iron in the world. At the same year, Semi-Finished Iron was the 481st most imported product in Japan. Japan imports Semi-Finished Iron primarily from: South Korea ($88M), Indonesia ($26.5M), Vietnam ($14.1M), China ($11.9M), and United Kingdom ($444k).

The fastest growing import markets in Semi-Finished Iron for Japan between 2021 and 2022 were China ($7.05M), Indonesia ($691k), and Australia ($431k).

Latest Trends

October 2024

About

Overview In October 2024 Japan's Semi-Finished Iron exports accounted up to ¥16B and imports accounted up to ¥1.71B, resulting in a positive trade balance of ¥14.3B. Between October 2023 and October 2024 the exports of Japan's   Semi-Finished Iron have decreased by ¥-109M (-0.67%) from ¥16.1B to ¥16B, while imports decreased by ¥-1.52B (-47.1%) from ¥3.24B to ¥1.71B.

Destinations In October 2024, Semi-Finished Iron were exported mostly to South Korea (¥7.47B), Thailand (¥3.45B), Chinese Taipei (¥2.91B), Indonesia (¥880M), and Philippines (¥607M), and were imported mostly from South Korea (¥1.62B) and China (¥88.8M).

Growth In October 2024, the decrease in Semi-Finished Iron's year-by-year exports was explained primarily by a decrease in exports to Chinese Taipei (¥-2.05B or -25.9%), China (¥-617M or -59.4%), and Indonesia (¥-165M or -21.1%). In October 2024, the decrease in Semi-Finished Iron's year-by-year imports was explained primarily by a decrease in imports from China (¥-3.53M or -6.05%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)¥-109M(-0.67%)
IMPORT GROWTH (October 2023 - October 2024)¥-1.52B(-47.1%)
MAIN EXPORTER (October 2024)Ibaraki¥7.38B
MAIN DESTINATION (October 2024)South Korea¥7.47B

This section shows Semi-Finished 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 Semi-Finished Iron over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.84B
IMPORTS (2022)$142M
NET TRADE (2022)$1.7B

In 2022, Japan exported $1.84B in Semi-Finished Iron. The main destinations of Japan exports on Semi-Finished Iron were South Korea ($709M), Chinese Taipei ($572M), Thailand ($369M), China ($70.1M), and Indonesia ($61.1M).

In 2022, Japan imported $142M in Semi-Finished Iron, mainly from South Korea ($88M), Indonesia ($26.5M), Vietnam ($14.1M), China ($11.9M), and United Kingdom ($444k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Semi-Finished Iron EXPORT MARKETS FOR Japan WERE (2021 - 2022):
South Korea$99.1M (16.3%)
Thailand$40.6M (12.4%)
United States$20.1M (83.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Semi-Finished Iron BY Japan WERE (2021 - 2022):
Chinese Taipei-$170M (-22.9%)
China-$109M (-60.8%)
Indonesia-$45M (-42.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Japan's main exporting competitors in Semi-Finished Iron were:
Russia $8.38B
Oman $3.44B
Brazil $3.42B
In 2022, Japan's main importing competitors in Semi-Finished Iron were:
United States $3.03B
Turkey $2.81B
China $2.38B

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Trade Value of Semi-Finished Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $58.8M
TOP IMPORT POTENTIALIndonesia+ $9.28M

Semi-Finished Iron’s highest export potential is China. With an export gap of $58.8M.   Semi-Finished Iron’s highest import potential is Indonesia with an import gap of $9.28M.

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