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2022
Exports $678MWorld Rnk 1 / 122
Flag Rnk 160 / 1213
2022
Destination $74.2M Vietnam
2021 - 2022
FASTEST GROWING MARKET $74.2MVietnam
2022
PRODUCT COMPLEXITY IN Steam Turbines0.39Rnk 412 / 1025
2022
Imports $118MWorld Rnk 9 / 191
Flag Rnk 529 / 1214
2022
Origin $10.2M China
2021 - 2022
FASTEST GROWING ORIGIN $10.2MSouth Korea
2022
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $678M in Steam Turbines, making it the 1st largest exporter of Steam Turbines in the world. At the same year, Steam Turbines was the 160th most exported product in Japan. The main destination of Steam Turbines exports from Japan are: Vietnam ($91.2M), Bangladesh ($84.9M), United States ($74.6M), Thailand ($73.4M), and Australia ($35.3M).

The fastest growing export markets for Steam Turbines of Japan between 2021 and 2022 were Vietnam ($74.2M), United States ($26.6M), and Thailand ($16.2M).

Imports In 2022, Japan imported $118M in Steam Turbines, becoming the 9th largest importer of Steam Turbines in the world. At the same year, Steam Turbines was the 529th most imported product in Japan. Japan imports Steam Turbines primarily from: China ($33.2M), South Korea ($23.6M), India ($22.9M), Germany ($14.8M), and United States ($6.84M).

The fastest growing import markets in Steam Turbines for Japan between 2021 and 2022 were South Korea ($10.2M), Philippines ($2.49M), and Poland ($2.43M).

Latest Trends

October 2024

About

Overview In October 2024 Japan's Steam Turbines exports accounted up to ¥3.87B and imports accounted up to ¥742M, resulting in a positive trade balance of ¥3.12B. Between October 2023 and October 2024 the exports of Japan's   Steam Turbines have decreased by ¥-364M (-8.61%) from ¥4.23B to ¥3.87B, while imports increased by ¥15.1M (2.08%) from ¥726M to ¥742M.

Destinations In October 2024, Steam Turbines were exported mostly to Indonesia (¥946M), China (¥779M), United States (¥306M), Chinese Taipei (¥287M), and Qatar (¥276M), and were imported mostly from China (¥358M), South Korea (¥232M), United States (¥61.2M), India (¥60.3M), and Germany (¥24.5M).

Growth In October 2024, the decrease in Steam Turbines's year-by-year exports was explained primarily by a decrease in exports to Philippines (¥-781M or -97.8%), United States (¥-567M or -85.8%), and Saudi Arabia (¥-471M or -88.3%). In October 2024, the increase in Steam Turbines's year-by-year imports was explained primarily by an increase in imports from India (¥460M or 670%), China (¥164M or 47.8%), and Mexico (¥13.8M or 21.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)¥-364M(-8.61%)
IMPORT GROWTH (October 2023 - October 2024)¥15.1M(2.08%)
MAIN EXPORTER (October 2024)Ibaraki¥4.86B
MAIN DESTINATION (October 2024)Indonesia¥946M

This section shows Steam Turbines'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 Steam Turbines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$678M
IMPORTS (2022)$118M
NET TRADE (2022)$559M

In 2022, Japan exported $678M in Steam Turbines. The main destinations of Japan exports on Steam Turbines were Vietnam ($91.2M), Bangladesh ($84.9M), United States ($74.6M), Thailand ($73.4M), and Australia ($35.3M).

In 2022, Japan imported $118M in Steam Turbines, mainly from China ($33.2M), South Korea ($23.6M), India ($22.9M), Germany ($14.8M), and United States ($6.84M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Steam Turbines EXPORT MARKETS FOR Japan WERE (2021 - 2022):
Vietnam$74.2M (437%)
United States$26.6M (55.5%)
Thailand$16.2M (28.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Steam Turbines BY Japan WERE (2021 - 2022):
South Korea-$27.2M (-53.4%)
Philippines-$24.7M (-72.9%)
Brazil-$21.4M (-96.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Japan's main exporting competitors in Steam Turbines were:
Germany $516M
China $502M
In 2022, Japan's main importing competitors in Steam Turbines were:
Indonesia $262M
United States $211M
Bangladesh $188M

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Trade Value of Steam Turbines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $12.2M
TOP IMPORT POTENTIALChina+ $5.22M

Steam Turbines’s highest export potential is China. With an export gap of $12.2M.   Steam Turbines’s highest import potential is China with an import gap of $5.22M.

See methodology.

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