2023
Exports
$12.7MWorld Rnk 40 / 198
Flag Rnk 740 / 1209
2023
PRODUCT COMPLEXITY IN Spices
-1.59Rnk 959 / 1025
2023
Imports
$156MWorld Rnk 5 / 224
Flag Rnk 435 / 1209
2023
ECONOMIC COMPLEXITY of Japan
2.07Rnk 1 / 132

About

Exports In 2023, Japan exported $12.7M in Spices, making it the 40th largest exporter of Spices in the world. At the same year, Spices was the 740th most exported product in Japan. The main destination of Spices exports from Japan are: United States ($3.2M), Singapore ($1.13M), South Korea ($828k), Canada ($764k), and Australia ($758k).

The fastest growing export markets for Spices of Japan between 2022 and 2023 were United States ($1.8M), South Korea ($734k), and France ($306k).

Imports In 2023, Japan imported $156M in Spices, becoming the 5th largest importer of Spices in the world. At the same year, Spices was the 435th most imported product in Japan. Japan imports Spices primarily from: China ($88.8M), South Korea ($20.9M), Thailand ($15.4M), India ($11.2M), and Chinese Taipei ($7.23M).

The fastest growing import markets in Spices for Japan between 2022 and 2023 were South Korea ($9.93M), Chinese Taipei ($1.32M), and Madagascar ($287k).

COMPANIES In 2024, leading companies such as Wismettac Asian Foods (4) were at the forefront of shipping Spices from Japan to the United States.

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)¥60.5M(44.5%)
IMPORT GROWTH (December 2023 - December 2024)¥332M(21.8%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)United States¥39.3M

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
EXPORTS (2023)$12.7M
IMPORTS (2023)$156M
NET TRADE (2023)-$143M

In 2023, Japan exported $12.7M in Spices. The main destinations of Japan exports on Spices were United States ($3.2M), Singapore ($1.13M), South Korea ($828k), Canada ($764k), and Australia ($758k).

In 2023, Japan imported $156M in Spices, mainly from China ($88.8M), South Korea ($20.9M), Thailand ($15.4M), India ($11.2M), and Chinese Taipei ($7.23M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Spices EXPORT MARKETS FOR Japan WERE (2022 - 2023):
United States$1.8M (128%)
South Korea$734k (783%)
France$306k (121%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Spices BY Japan WERE (2022 - 2023):
Canada-$1.46M (-65.7%)
Chinese Taipei-$426k (-55%)
Singapore-$405k (-26.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Japan's main exporting competitors in Spices were:
In 2023, Japan's main importing competitors in Spices were:

Explore Visualizations

Trade Value of Spices by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $907k
TOP IMPORT POTENTIALIndia+ $7.48M

Spices’s highest export potential is United States. With an export gap of $907k.   Spices’s highest import potential is India with an import gap of $7.48M.

See methodology.

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