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2022
Exports $2.71MWorld Rnk 18 / 110
Flag Rnk 926 / 1213
2022
Destination $219k Saudi Arabia
2021 - 2022
FASTEST GROWING MARKET $219kThailand
2022
PRODUCT COMPLEXITY IN Time Switches0.78Rnk 256 / 1025
2022
Imports $16.9MWorld Rnk 9 / 198
Flag Rnk 922 / 1214
2022
Origin $104k Indonesia
2021 - 2022
FASTEST GROWING ORIGIN $104kVietnam
2022
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $2.71M in Time Switches, making it the 18th largest exporter of Time Switches in the world. At the same year, Time Switches was the 926th most exported product in Japan. The main destination of Time Switches exports from Japan are: Saudi Arabia ($765k), United States ($381k), Thailand ($354k), Germany ($129k), and Philippines ($101k).

The fastest growing export markets for Time Switches of Japan between 2021 and 2022 were Thailand ($219k), United States ($147k), and United Kingdom ($90.2k).

Imports In 2022, Japan imported $16.9M in Time Switches, becoming the 9th largest importer of Time Switches in the world. At the same year, Time Switches was the 922nd most imported product in Japan. Japan imports Time Switches primarily from: Indonesia ($7.65M), China ($6.59M), Chinese Taipei ($1.27M), Vietnam ($349k), and Thailand ($294k).

The fastest growing import markets in Time Switches for Japan between 2021 and 2022 were Vietnam ($104k), Singapore ($51.9k), and South Korea ($32.5k).

COMPANIES In 2023, leading companies such as John Deere (2) were at the forefront of shipping Time Switches from Japan to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Japan's Time Switches exports accounted up to ¥31.6M and imports accounted up to ¥226M, resulting in a negative trade balance of ¥194M. Between August 2023 and August 2024 the exports of Japan's   Time Switches have decreased by ¥-10.5M (-25%) from ¥42M to ¥31.6M, while imports increased by ¥63.4M (39%) from ¥163M to ¥226M.

Destinations In August 2024, Time Switches were exported mostly to Saudi Arabia (¥14.9M), United States (¥5.57M), Thailand (¥4.09M), Bahrain (¥3.54M), and China (¥1.06M), and were imported mostly from China (¥113M), Indonesia (¥85.3M), Chinese Taipei (¥14.5M), Thailand (¥6.92M), and Vietnam (¥2.6M).

Growth In August 2024, the decrease in Time Switches's year-by-year exports was explained primarily by a decrease in exports to Germany (¥-16k or -1.22%). In August 2024, the increase in Time Switches's year-by-year imports was explained primarily by an increase in imports from Chinese Taipei (¥3.14M or 23%), Poland (¥2.15M or 81.7%), and South Korea (¥1.48M or 123%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)¥-10.5M(-25%)
IMPORT GROWTH (August 2023 - August 2024)¥63.4M(39%)
MAIN EXPORTER (August 2024)Hyōgo¥44.9M
MAIN DESTINATION (August 2024)Saudi Arabia¥14.9M

This section shows Time Switches'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 Switches over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.71M
IMPORTS (2022)$16.9M
NET TRADE (2022)-$14.2M

In 2022, Japan exported $2.71M in Time Switches. The main destinations of Japan exports on Time Switches were Saudi Arabia ($765k), United States ($381k), Thailand ($354k), Germany ($129k), and Philippines ($101k).

In 2022, Japan imported $16.9M in Time Switches, mainly from Indonesia ($7.65M), China ($6.59M), Chinese Taipei ($1.27M), Vietnam ($349k), and Thailand ($294k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Time Switches EXPORT MARKETS FOR Japan WERE (2021 - 2022):
Thailand$219k (162%)
United States$147k (62.8%)
United Kingdom$90.2k (971%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Time Switches BY Japan WERE (2021 - 2022):
Singapore-$203k (-66.7%)
Bahrain-$99.6k (-100%)
United Arab Emirates-$91.4k (-64%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Japan's main exporting competitors in Time Switches were:
China $165M
Mexico $92M
France $43.8M
In 2022, Japan's main importing competitors in Time Switches were:
United States $107M
France $42M
Germany $25.1M

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Trade Value of Time Switches by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $171k
TOP IMPORT POTENTIALChina+ $1.22M

Time Switches’s highest export potential is United States. With an export gap of $171k.   Time Switches’s highest import potential is China with an import gap of $1.22M.

See methodology.

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