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2018
Exports $2.97MWorld Rnk 15 / 133
Flag Rnk 921 / 1209
2018
Destination $237k United States
2022 - 2023
FASTEST GROWING MARKET $237kChina
2018
Imports $26.2MWorld Rnk 2 / 209
Flag Rnk 826 / 1209
2018
Origin $4.62M China
2022 - 2023
FASTEST GROWING ORIGIN $4.62MIndonesia
2023
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 132

About

Exports In 2018, Japan exported $2.97M in Time Recording Instruments, making it the 15th largest exporter of Time Recording Instruments in the world. At the same year, Time Recording Instruments was the 921st most exported product in Japan. The main destination of Time Recording Instruments exports from Japan are: United States ($606k), Malaysia ($578k), China ($335k), Philippines ($183k), and Hong Kong ($180k).

The fastest growing export markets for Time Recording Instruments of Japan between 2022 and 2023 were China ($237k), Malaysia ($150k), and Belgium ($148k).

Imports In 2023, Japan imported $26.2M in Time Recording Instruments, becoming the 2nd largest importer of Time Recording Instruments in the world. At the same year, Time Recording Instruments was the 826th most imported product in Japan. Japan imports Time Recording Instruments primarily from: China ($16.7M), Indonesia ($5.12M), United States ($1.04M), Hong Kong ($972k), and Thailand ($962k).

The fastest growing import markets in Time Recording Instruments for Japan between 2022 and 2023 were Indonesia ($4.62M), United States ($432k), and Thailand ($272k).

Latest Trends

December 2024

About

Overview In December 2024 Japan's Time Recording Instruments exports accounted up to ¥12.7M and imports accounted up to ¥304M, resulting in a negative trade balance of ¥292M. Between December 2023 and December 2024 the exports of Japan's   Time Recording Instruments have decreased by ¥-4.91M (-27.8%) from ¥17.6M to ¥12.7M, while imports decreased by ¥-35.4M (-10.4%) from ¥340M to ¥304M.

Destinations In December 2024, Time Recording Instruments were exported mostly to United States (¥6.77M), Indonesia (¥1.52M), China (¥1.04M), Thailand (¥1M), and Chinese Taipei (¥525k), and were imported mostly from China (¥254M), Thailand (¥24.5M), United States (¥10.9M), Netherlands (¥6.36M), and Chinese Taipei (¥5.44M).

Growth In December 2024, the decrease in Time Recording Instruments's year-by-year exports was explained primarily by a decrease in exports to South Korea (¥-1.33M or -33.7%) and Indonesia (¥-698k or -49.9%). In December 2024, the decrease in Time Recording Instruments's year-by-year imports was explained primarily by a decrease in imports from United States (¥-5.32M or -38%), South Korea (¥-4.13M or -87%), and Thailand (¥-584k or -8.61%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)¥-4.91M(-27.8%)
IMPORT GROWTH (December 2023 - December 2024)¥-35.4M(-10.4%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)United States¥6.77M

This section shows Time Recording 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 Time Recording Instruments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$2.97M
IMPORTS (2023)$26.2M
NET TRADE (2023)-$23.2M

In 2023, Japan exported $2.97M in Time Recording Instruments. The main destinations of Japan exports on Time Recording Instruments were United States ($606k), Malaysia ($578k), China ($335k), Philippines ($183k), and Hong Kong ($180k).

In 2023, Japan imported $26.2M in Time Recording Instruments, mainly from China ($16.7M), Indonesia ($5.12M), United States ($1.04M), Hong Kong ($972k), and Thailand ($962k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Time Recording Instruments EXPORT MARKETS FOR Japan WERE (2022 - 2023):
China$237k (241%)
Malaysia$150k (35%)
Belgium$148k (513%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Time Recording Instruments BY Japan WERE (2022 - 2023):
United States-$1.35M (-69%)
Philippines-$75.2k (-29.2%)
Thailand-$54.9k (-37.9%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Japan's main exporting competitors in Time Recording Instruments were:
China $155M
France $34.6M
United States $25M
In 2023, Japan's main importing competitors in Time Recording Instruments were:
United States $42.4M
Germany $24M

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Trade Value of Time Recording Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $84.1k
TOP IMPORT POTENTIALUnited States+ $256k

Time Recording Instruments’s highest export potential is China. With an export gap of $84.1k.   Time Recording Instruments’s highest import potential is United States with an import gap of $256k.

See methodology.

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