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2023
Exports $160MWorld Rnk 6 / 128
Flag Rnk 359 / 1209
2023
Destination $3.66M China
2022 - 2023
FASTEST GROWING MARKET $3.66MCosta Rica
2023
PRODUCT COMPLEXITY IN Stainless Steel Wire1.45Rnk 53 / 1025
2023
Imports $117MWorld Rnk 7 / 203
Flag Rnk 499 / 1209
2023
Origin $5.85M South Korea
2022 - 2023
FASTEST GROWING ORIGIN $5.85MNetherlands
2023
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 132

About

Exports In 2023, Japan exported $160M in Stainless Steel Wire, making it the 6th largest exporter of Stainless Steel Wire in the world. At the same year, Stainless Steel Wire was the 359th most exported product in Japan. The main destination of Stainless Steel Wire exports from Japan are: China ($43.3M), Thailand ($21.9M), Chinese Taipei ($15.2M), South Korea ($15M), and India ($10.2M).

The fastest growing export markets for Stainless Steel Wire of Japan between 2022 and 2023 were Costa Rica ($3.66M), Brazil ($2.16M), and Vietnam ($1.34M).

Imports In 2023, Japan imported $117M in Stainless Steel Wire, becoming the 7th largest importer of Stainless Steel Wire in the world. At the same year, Stainless Steel Wire was the 499th most imported product in Japan. Japan imports Stainless Steel Wire primarily from: South Korea ($32.6M), China ($23.1M), Thailand ($14.5M), Chinese Taipei ($13.5M), and Vietnam ($12.2M).

The fastest growing import markets in Stainless Steel Wire for Japan between 2022 and 2023 were Netherlands ($5.85M), Belgium ($1.84M), and United States ($1.08M).

COMPANIES In 2023, leading companies such as Nissan (9) were at the forefront of shipping Stainless Steel Wire from Japan to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Japan's Stainless Steel Wire exports accounted up to ¥1.65B and imports accounted up to ¥1.15B, resulting in a positive trade balance of ¥506M. Between November 2023 and November 2024 the exports of Japan's   Stainless Steel Wire have decreased by ¥-50.2M (-2.95%) from ¥1.7B to ¥1.65B, while imports decreased by ¥-69.3M (-5.7%) from ¥1.22B to ¥1.15B.

Destinations In November 2024, Stainless Steel Wire were exported mostly to China (¥449M), South Korea (¥236M), Thailand (¥183M), India (¥147M), and Indonesia (¥135M), and were imported mostly from South Korea (¥408M), China (¥194M), Thailand (¥172M), Chinese Taipei (¥161M), and Vietnam (¥115M).

Growth In November 2024, the decrease in Stainless Steel Wire's year-by-year exports was explained primarily by a decrease in exports to China (¥-74M or -20.8%), Thailand (¥-53.1M or -24.1%), and United States (¥-27.6M or -39.6%). In November 2024, the decrease in Stainless Steel Wire's year-by-year imports was explained primarily by a decrease in imports from Sweden (¥-90.5M or -70.8%), Thailand (¥-60.6M or -30.4%), and Chinese Taipei (¥-29.8M or -16.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)¥-50.2M(-2.95%)
IMPORT GROWTH (November 2023 - November 2024)¥-69.3M(-5.7%)
MAIN EXPORTER (November 2024)Hyōgo¥539M
MAIN DESTINATION (November 2024)China¥449M

This section shows Stainless Steel Wire'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 Stainless Steel Wire over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$160M
IMPORTS (2023)$117M
NET TRADE (2023)$42.1M

In 2023, Japan exported $160M in Stainless Steel Wire. The main destinations of Japan exports on Stainless Steel Wire were China ($43.3M), Thailand ($21.9M), Chinese Taipei ($15.2M), South Korea ($15M), and India ($10.2M).

In 2023, Japan imported $117M in Stainless Steel Wire, mainly from South Korea ($32.6M), China ($23.1M), Thailand ($14.5M), Chinese Taipei ($13.5M), and Vietnam ($12.2M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Stainless Steel Wire EXPORT MARKETS FOR Japan WERE (2022 - 2023):
Costa Rica$3.66M (172%)
Brazil$2.16M (138%)
Vietnam$1.34M (36.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Stainless Steel Wire BY Japan WERE (2022 - 2023):
United States-$11.4M (-72.4%)
China-$10.9M (-20.2%)
India-$3.3M (-24.4%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Japan's main exporting competitors in Stainless Steel Wire were:
India $429M
China $331M
South Korea $246M
In 2023, Japan's main importing competitors in Stainless Steel Wire were:
Germany $279M
United States $240M
China $171M

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Trade Value of Stainless Steel Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $4.29M
TOP IMPORT POTENTIALChina+ $5.6M

Stainless Steel Wire’s highest export potential is United States. With an export gap of $4.29M.   Stainless Steel Wire’s highest import potential is China with an import gap of $5.6M.

See methodology.

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