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2023
Exports $4.45MWorld Rnk 14 / 118
Flag Rnk 877 / 1209
2023
Destination $1.23M Saudi Arabia
2022 - 2023
FASTEST GROWING MARKET $1.23MSaudi Arabia
2023
PRODUCT COMPLEXITY IN Time Switches0.85Rnk 231 / 1025
2023
Imports $5.51MWorld Rnk 21 / 200
Flag Rnk 1033 / 1209
2023
Origin $37.4k China
2022 - 2023
FASTEST GROWING ORIGIN $37.4kUnited States
2023
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 132

About

Exports In 2023, Japan exported $4.45M in Time Switches, making it the 14th largest exporter of Time Switches in the world. At the same year, Time Switches was the 877th most exported product in Japan. The main destination of Time Switches exports from Japan are: Saudi Arabia ($2.12M), United Arab Emirates ($819k), Thailand ($245k), Singapore ($152k), and Germany ($124k).

The fastest growing export markets for Time Switches of Japan between 2022 and 2023 were Saudi Arabia ($1.23M), United Arab Emirates ($780k), and Singapore ($78.9k).

Imports In 2023, Japan imported $5.51M in Time Switches, becoming the 21st largest importer of Time Switches in the world. At the same year, Time Switches was the 1033rd most imported product in Japan. Japan imports Time Switches primarily from: China ($3.53M), Chinese Taipei ($1.22M), Thailand ($290k), Slovakia ($204k), and United States ($113k).

The fastest growing import markets in Time Switches for Japan between 2022 and 2023 were United States ($37.4k), Slovakia ($27.4k), and Australia ($23.3k).

Latest Trends

December 2024

About

Overview In December 2024 Japan's Time Switches exports accounted up to ¥7.79M and imports accounted up to ¥195M, resulting in a negative trade balance of ¥187M. Between December 2023 and December 2024 the exports of Japan's   Time Switches have decreased by ¥-51.3M (-86.8%) from ¥59.1M to ¥7.79M, while imports decreased by ¥-6.45M (-3.21%) from ¥201M to ¥195M.

Destinations In December 2024, Time Switches were exported mostly to United States (¥3.74M), Chinese Taipei (¥771k), Germany (¥620k), China (¥522k), and Vietnam (¥446k), and were imported mostly from China (¥113M), Indonesia (¥61.7M), Chinese Taipei (¥12.5M), Slovakia (¥4.82M), and Germany (¥930k).

Growth In December 2024, the decrease in Time Switches's year-by-year exports was explained primarily by a decrease in exports to Thailand (¥-2.57M or -62.1%) and Indonesia (¥-176k or -44%). In December 2024, the decrease in Time Switches's year-by-year imports was explained primarily by a decrease in imports from Chinese Taipei (¥-2.21M or -13.2%) and South Korea (¥-1.44M or -53.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)¥-51.3M(-86.8%)
IMPORT GROWTH (December 2023 - December 2024)¥-6.45M(-3.21%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)United States¥3.74M

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 (2023)$4.45M
IMPORTS (2023)$5.51M
NET TRADE (2023)-$1.06M

In 2023, Japan exported $4.45M in Time Switches. The main destinations of Japan exports on Time Switches were Saudi Arabia ($2.12M), United Arab Emirates ($819k), Thailand ($245k), Singapore ($152k), and Germany ($124k).

In 2023, Japan imported $5.51M in Time Switches, mainly from China ($3.53M), Chinese Taipei ($1.22M), Thailand ($290k), Slovakia ($204k), and United States ($113k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Time Switches EXPORT MARKETS FOR Japan WERE (2022 - 2023):
Saudi Arabia$1.23M (139%)
United Arab Emirates$780k (2.01k%)
Singapore$78.9k (108%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Time Switches BY Japan WERE (2022 - 2023):
Philippines-$449k (-81.4%)
Thailand-$106k (-30.3%)
Kuwait-$101k (-97.3%)
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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 Switches were:
China $152M
Mexico $63.1M
Germany $52.8M
In 2023, Japan's main importing competitors in Time Switches were:
United States $68.8M
France $44.3M
Germany $29.4M

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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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