Spices in Japan | The Observatory of Economic Complexity

About

Exports In 2022, Japan exported $13.6M in Spices, making it the 36th largest exporter of Spices in the world. At the same year, Spices was the 733rd most exported product in Japan. The main destination of Spices exports from Japan are: United States ($2.46M), Canada ($2.18M), Chinese Taipei ($1.62M), Germany ($962k), and South Korea ($670k).

The fastest growing export markets for Spices of Japan between 2021 and 2022 were United States ($289k), Chinese Taipei ($242k), and Portugal ($126k).

Imports In 2022, Japan imported $133M in Spices, becoming the 5th largest importer of Spices in the world. At the same year, Spices was the 501st most imported product in Japan. Japan imports Spices primarily from: China ($74.5M), Thailand ($15.7M), India ($12.4M), South Korea ($10.7M), and Chinese Taipei ($5.01M).

The fastest growing import markets in Spices for Japan between 2021 and 2022 were South Korea ($6.41M), Thailand ($1.01M), and South Africa ($495k).

COMPANIES In 2023, leading companies such as GENERAL MOTORS LLC (1) were at the forefront of shipping Spices from Japan to the United States.

Latest Trends

February 2024

About

Overview In February 2024 Japan's Spices exports accounted up to ¥179M and imports accounted up to ¥1.5B, resulting in a negative trade balance of ¥1.32B. Between February 2023 and February 2024 the exports of Japan's Spices have increased by ¥53.6M (42.6%) from ¥126M to ¥179M, while imports increased by ¥55.6M (3.84%) from ¥1.45B to ¥1.5B.

Destinations In February 2024, Spices were exported mostly to United States (¥59.5M), France (¥21.7M), Australia (¥15M), Germany (¥14.1M), and Thailand (¥12.1M), and were imported mostly from China (¥964M), Thailand (¥264M), India (¥127M), Spain (¥63.8M), and Vietnam (¥11.9M).

Growth In February 2024, the increase in Spices's year-by-year exports was explained primarily by an increase in exports to Australia (¥9.99M or 1.13k%), Netherlands (¥2M or 789%), and South Africa (¥1.9M or 397%). In February 2024, the increase in Spices's year-by-year imports was explained primarily by an increase in imports from Indonesia (¥71M or 295%), India (¥27.9M or 25.9%), and China (¥25.5M or 2.59%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)¥53.6M(42.6%)

IMPORT GROWTH (February 2023 - February 2024)¥55.6M(3.84%)

MAIN EXPORTER (February 2024)Tokyo¥61.9M

MAIN DESTINATION (February 2024)United States¥59.5M

This section shows Spices'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 Spices over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$13.6M

IMPORTS (2022)$133M

NET TRADE (2022)-$120M

In 2022, Japan exported $13.6M in Spices. The main destinations of Japan exports on Spices were United States ($2.46M), Canada ($2.18M), Chinese Taipei ($1.62M), Germany ($962k), and South Korea ($670k).

In 2022, Japan imported $133M in Spices, mainly from China ($74.5M), Thailand ($15.7M), India ($12.4M), South Korea ($10.7M), and Chinese Taipei ($5.01M).

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