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2022
Exports $1.79MWorld Rnk 74 / 135
Flag Rnk 970 / 1213
2022
Destination $715k Malaysia
2021 - 2022
FASTEST GROWING MARKET $715kMalaysia
2022
PRODUCT COMPLEXITY IN Soybean Oil-0.93Rnk 821 / 1025
2022
Imports $22.7MWorld Rnk 74 / 215
Flag Rnk 877 / 1214
2022
Origin $13.4M Chinese Taipei
2021 - 2022
FASTEST GROWING ORIGIN $13.4MChinese Taipei
2022
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $1.79M in Soybean Oil, making it the 74th largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 970th most exported product in Japan. The main destination of Soybean Oil exports from Japan are: Malaysia ($717k), Hong Kong ($606k), Singapore ($231k), United States ($96.2k), and South Korea ($28.2k).

The fastest growing export markets for Soybean Oil of Japan between 2021 and 2022 were Malaysia ($715k), Singapore ($95.1k), and Hong Kong ($81k).

Imports In 2022, Japan imported $22.7M in Soybean Oil, becoming the 74th largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 877th most imported product in Japan. Japan imports Soybean Oil primarily from: Chinese Taipei ($16.4M), United States ($2.72M), South Korea ($1.24M), Malaysia ($1M), and Vietnam ($957k).

The fastest growing import markets in Soybean Oil for Japan between 2021 and 2022 were Chinese Taipei ($13.4M), United States ($1.75M), and Vietnam ($782k).

COMPANIES In 2023, leading companies such as Wismettac Asian Foods (1) were at the forefront of shipping Soybean Oil from Japan to the United States.

Latest Trends

September 2024

About

Overview In September 2024 Japan's Soybean Oil exports accounted up to ¥5.38M and imports accounted up to ¥36.4M, resulting in a negative trade balance of ¥31M. Between September 2023 and September 2024 the exports of Japan's   Soybean Oil have decreased by ¥-12.6M (-70.1%) from ¥18M to ¥5.38M, while imports increased by ¥1.43M (4.09%) from ¥34.9M to ¥36.4M.

Destinations In September 2024, Soybean Oil were exported mostly to Hong Kong (¥3.11M), Singapore (¥798k), Guam (¥573k), Vietnam (¥509k), and Micronesia (¥398k), and were imported mostly from Thailand (¥9.71M), Vietnam (¥8.33M), United States (¥6.73M), Chinese Taipei (¥6.52M), and South Korea (¥4.74M).

Growth In September 2024, the decrease in Soybean Oil's year-by-year exports was explained primarily by a decrease in exports to Hong Kong (¥-1.01M or -21.2%), Singapore (¥-587k or -41.5%), and Vietnam (¥-41k or -12.6%). In September 2024, the increase in Soybean Oil's year-by-year imports was explained primarily by an increase in imports from Chinese Taipei (¥9.54M or 33.1%) and Malaysia (¥40k or 1.26%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)¥-12.6M(-70.1%)
IMPORT GROWTH (September 2023 - September 2024)¥1.43M(4.09%)
MAIN EXPORTER (September 2024)Fukuoka¥6.56M
MAIN DESTINATION (September 2024)Hong Kong¥3.11M

This section shows Soybean Oil'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 Soybean Oil over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.79M
IMPORTS (2022)$22.7M
NET TRADE (2022)-$20.9M

In 2022, Japan exported $1.79M in Soybean Oil. The main destinations of Japan exports on Soybean Oil were Malaysia ($717k), Hong Kong ($606k), Singapore ($231k), United States ($96.2k), and South Korea ($28.2k).

In 2022, Japan imported $22.7M in Soybean Oil, mainly from Chinese Taipei ($16.4M), United States ($2.72M), South Korea ($1.24M), Malaysia ($1M), and Vietnam ($957k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybean Oil EXPORT MARKETS FOR Japan WERE (2021 - 2022):
Malaysia$715k (35.9k%)
Singapore$95.1k (70%)
Hong Kong$81k (15.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Oil BY Japan WERE (2021 - 2022):
Philippines-$33.2k (-84.3%)
United States-$23.3k (-19.5%)
Macau-$14.2k (-45.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Japan's main exporting competitors in Soybean Oil were:
Argentina $6.79B
Brazil $3.99B
United States $1.06B
In 2022, Japan's main importing competitors in Soybean Oil were:
India $6.49B
Bangladesh $948M
Morocco $775M

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Trade Value of Soybean Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $141k
TOP IMPORT POTENTIALUnited States+ $1.03M

Soybean Oil’s highest export potential is United States. With an export gap of $141k.   Soybean Oil’s highest import potential is United States with an import gap of $1.03M.

See methodology.

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