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2023
Exports $397MWorld Rnk 16 / 190
Flag Rnk 225 / 1209
2023
Destination $8.24M Belgium
2022 - 2023
FASTEST GROWING MARKET $8.24MUnited States
2023
PRODUCT COMPLEXITY IN Special Pharmaceuticals0.53Rnk 356 / 1025
2023
Imports $635MWorld Rnk 5 / 220
Flag Rnk 185 / 1209
2023
Origin $18.5M Germany
2022 - 2023
FASTEST GROWING ORIGIN $18.5MGermany
2023
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 132

About

Exports In 2023, Japan exported $397M in Special Pharmaceuticals, making it the 16th largest exporter of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 225th most exported product in Japan. The main destination of Special Pharmaceuticals exports from Japan are: Belgium ($62.6M), United States ($53.1M), China ($29.1M), Netherlands ($21.5M), and Saudi Arabia ($20.6M).

The fastest growing export markets for Special Pharmaceuticals of Japan between 2022 and 2023 were United States ($8.24M), Belgium ($6.53M), and Germany ($5.48M).

Imports In 2023, Japan imported $635M in Special Pharmaceuticals, becoming the 5th largest importer of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 185th most imported product in Japan. Japan imports Special Pharmaceuticals primarily from: Germany ($169M), United States ($148M), Mexico ($93.2M), Ireland ($31.3M), and South Korea ($29.8M).

The fastest growing import markets in Special Pharmaceuticals for Japan between 2022 and 2023 were Germany ($18.5M), Ireland ($10.3M), and Netherlands ($8.31M).

Latest Trends

December 2024

About

Overview In December 2024 Japan's Special Pharmaceuticals exports accounted up to ¥4.24B and imports accounted up to ¥8.75B, resulting in a negative trade balance of ¥4.51B. Between December 2023 and December 2024 the exports of Japan's   Special Pharmaceuticals have increased by ¥324M (8.29%) from ¥3.91B to ¥4.24B, while imports increased by ¥225M (2.63%) from ¥8.53B to ¥8.75B.

Destinations In December 2024, Special Pharmaceuticals were exported mostly to Belgium (¥987M), United States (¥762M), China (¥408M), Netherlands (¥251M), and India (¥219M), and were imported mostly from Germany (¥2.1B), United States (¥1.67B), Mexico (¥1.02B), Ireland (¥881M), and South Korea (¥481M).

Growth In December 2024, the increase in Special Pharmaceuticals's year-by-year exports was explained primarily by an increase in exports to China (¥402M or 522%), Belgium (¥227M or 57.6%), and Russia (¥108M or 142%). In December 2024, the increase in Special Pharmaceuticals's year-by-year imports was explained primarily by an increase in imports from United States (¥387M or 22.2%), South Korea (¥243M or 77.4%), and Austria (¥227M or 11.7k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)¥324M(8.29%)
IMPORT GROWTH (December 2023 - December 2024)¥225M(2.63%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)Belgium¥987M

This section shows Special Pharmaceuticals'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 Special Pharmaceuticals over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$397M
IMPORTS (2023)$635M
NET TRADE (2023)-$239M

In 2023, Japan exported $397M in Special Pharmaceuticals. The main destinations of Japan exports on Special Pharmaceuticals were Belgium ($62.6M), United States ($53.1M), China ($29.1M), Netherlands ($21.5M), and Saudi Arabia ($20.6M).

In 2023, Japan imported $635M in Special Pharmaceuticals, mainly from Germany ($169M), United States ($148M), Mexico ($93.2M), Ireland ($31.3M), and South Korea ($29.8M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Special Pharmaceuticals EXPORT MARKETS FOR Japan WERE (2022 - 2023):
United States$8.24M (18.4%)
Belgium$6.53M (11.6%)
Germany$5.48M (52.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Special Pharmaceuticals BY Japan WERE (2022 - 2023):
Vietnam-$6.5M (-90.6%)
Singapore-$2.24M (-15.9%)
Malaysia-$1.78M (-68.2%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Japan's main exporting competitors in Special Pharmaceuticals were:
Germany $3.28B
United States $2.16B
Netherlands $1.28B
In 2023, Japan's main importing competitors in Special Pharmaceuticals were:
United States $3.5B
China $1.3B
Germany $1.2B

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Trade Value of Special Pharmaceuticals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $22.4M
TOP IMPORT POTENTIALNetherlands+ $11.7M

Special Pharmaceuticals’s highest export potential is United States. With an export gap of $22.4M.   Special Pharmaceuticals’s highest import potential is Netherlands with an import gap of $11.7M.

See methodology.

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