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2023
Exports $12.7MWorld Rnk 10 / 169
Flag Rnk 741 / 1209
2023
Destination $341k China
2022 - 2023
FASTEST GROWING MARKET $341kVietnam
2023
PRODUCT COMPLEXITY IN String Instruments0.42Rnk 400 / 1025
2023
Imports $68.2MWorld Rnk 3 / 205
Flag Rnk 642 / 1209
2023
Origin $11.7M United States
2022 - 2023
FASTEST GROWING ORIGIN $11.7MUnited States
2023
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 132

About

Exports In 2023, Japan exported $12.7M in String Instruments, making it the 10th largest exporter of String Instruments in the world. At the same year, String Instruments was the 741st most exported product in Japan. The main destination of String Instruments exports from Japan are: China ($2.16M), United States ($1.74M), Germany ($1.46M), Vietnam ($844k), and France ($785k).

The fastest growing export markets for String Instruments of Japan between 2022 and 2023 were Vietnam ($341k), Hong Kong ($193k), and Germany ($149k).

Imports In 2023, Japan imported $68.2M in String Instruments, becoming the 3rd largest importer of String Instruments in the world. At the same year, String Instruments was the 642nd most imported product in Japan. Japan imports String Instruments primarily from: United States ($26.9M), China ($20M), Indonesia ($6.02M), Germany ($3.46M), and Italy ($3.45M).

The fastest growing import markets in String Instruments for Japan between 2022 and 2023 were United States ($11.7M), Indonesia ($2.18M), and Australia ($1.07M).

COMPANIES In 2024, leading companies such as YAMAHA CORPORATION OF AMERICA (13) were at the forefront of shipping String Instruments from Japan to the United States.

Latest Trends

December 2024

About

Overview In December 2024 Japan's String Instruments exports accounted up to ¥145M and imports accounted up to ¥703M, resulting in a negative trade balance of ¥558M. Between December 2023 and December 2024 the exports of Japan's   String Instruments have increased by ¥17.7M (13.8%) from ¥128M to ¥145M, while imports decreased by ¥-75.9M (-9.74%) from ¥779M to ¥703M.

Destinations In December 2024, String Instruments were exported mostly to United States (¥42.5M), Canada (¥21.3M), Sweden (¥10.9M), France (¥8.72M), and Chinese Taipei (¥8.67M), and were imported mostly from China (¥255M), United States (¥148M), Indonesia (¥73.4M), Czechia (¥43.2M), and Italy (¥38.6M).

Growth In December 2024, the increase in String Instruments's year-by-year exports was explained primarily by an increase in exports to United States (¥21.2M or 47.6%), Vietnam (¥8.02M or 207%), and Chinese Taipei (¥5.49M or 117%). In December 2024, the decrease in String Instruments's year-by-year imports was explained primarily by a decrease in imports from Germany (¥-9.46M or -31.7%), France (¥-1.86M or -27.7%), and Czechia (¥-1.49M or -22%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)¥17.7M(13.8%)
IMPORT GROWTH (December 2023 - December 2024)¥-75.9M(-9.74%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)United States¥42.5M

This section shows String Instruments'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 String Instruments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$12.7M
IMPORTS (2023)$68.2M
NET TRADE (2023)-$55.6M

In 2023, Japan exported $12.7M in String Instruments. The main destinations of Japan exports on String Instruments were China ($2.16M), United States ($1.74M), Germany ($1.46M), Vietnam ($844k), and France ($785k).

In 2023, Japan imported $68.2M in String Instruments, mainly from United States ($26.9M), China ($20M), Indonesia ($6.02M), Germany ($3.46M), and Italy ($3.45M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING String Instruments EXPORT MARKETS FOR Japan WERE (2022 - 2023):
Vietnam$341k (67.9%)
Hong Kong$193k (36.6%)
Germany$149k (11.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF String Instruments BY Japan WERE (2022 - 2023):
Israel-$487k (-90.7%)
United States-$311k (-15.1%)
France-$227k (-22.4%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Japan's main exporting competitors in String Instruments were:
China $365M
United States $159M
Indonesia $84.9M
In 2023, Japan's main importing competitors in String Instruments were:
United States $186M
Germany $68.7M

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Trade Value of String Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $898k
TOP IMPORT POTENTIALChina+ $4.03M

String Instruments’s highest export potential is United States. With an export gap of $898k.   String Instruments’s highest import potential is China with an import gap of $4.03M.

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