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2022
Exports $8.57MWorld Rnk 38 / 117
Flag Rnk 788 / 1213
2022
Destination $4.22M Australia
2021 - 2022
FASTEST GROWING MARKET $4.22MAustralia
2022
PRODUCT COMPLEXITY IN Whey and other milk products0.4Rnk 408 / 1025
2022
Imports $223MWorld Rnk 8 / 198
Flag Rnk 375 / 1214
2022
Origin $19.7M United States
2021 - 2022
FASTEST GROWING ORIGIN $19.7MUnited States
2022
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $8.57M in Whey and other milk products, making it the 38th largest exporter of Whey and other milk products in the world. At the same year, Whey and other milk products was the 788th most exported product in Japan. The main destination of Whey and other milk products exports from Japan are: Australia ($4.97M), South Korea ($1.82M), Philippines ($785k), United States ($630k), and Singapore ($172k).

The fastest growing export markets for Whey and other milk products of Japan between 2021 and 2022 were Australia ($4.22M), United States ($630k), and South Korea ($303k).

Imports In 2022, Japan imported $223M in Whey and other milk products, becoming the 8th largest importer of Whey and other milk products in the world. At the same year, Whey and other milk products was the 375th most imported product in Japan. Japan imports Whey and other milk products primarily from: United States ($58.6M), New Zealand ($49.6M), Germany ($20.7M), South Korea ($20.4M), and Singapore ($19.1M).

The fastest growing import markets in Whey and other milk products for Japan between 2021 and 2022 were United States ($19.7M), Singapore ($6.2M), and South Korea ($5.38M).

Latest Trends

July 2024

About

Overview In July 2024 Japan's Whey and other milk products exports accounted up to ¥146M and imports accounted up to ¥1.67B, resulting in a negative trade balance of ¥1.52B. Between July 2023 and July 2024 the exports of Japan's   Whey and other milk products have increased by ¥123M (525%) from ¥23.4M to ¥146M, while imports decreased by ¥-96M (-5.44%) from ¥1.76B to ¥1.67B.

Destinations In July 2024, Whey and other milk products were exported mostly to Australia (¥123M), South Korea (¥20.9M), Thailand (¥2.15M), and Vietnam (¥217k), and were imported mostly from United States (¥365M), New Zealand (¥233M), Australia (¥215M), Italy (¥189M), and South Korea (¥181M).

Growth In July 2024, the increase in Whey and other milk products's year-by-year exports was explained primarily by an increase in exports to Australia (¥12.7M or 21%) and Philippines (¥3.59M or 27.3%). In July 2024, the decrease in Whey and other milk products's year-by-year imports was explained primarily by a decrease in imports from Netherlands (¥-177M or -89%), Singapore (¥-88.1M or -53.1%), and Argentina (¥-60M or -40.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)¥123M(525%)
IMPORT GROWTH (July 2023 - July 2024)¥-96M(-5.44%)
MAIN EXPORTER (July 2024)Ibaraki¥144M
MAIN DESTINATION (July 2024)Australia¥123M

This section shows Whey and other milk products'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 Whey and other milk products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$8.57M
IMPORTS (2022)$223M
NET TRADE (2022)-$214M

In 2022, Japan exported $8.57M in Whey and other milk products. The main destinations of Japan exports on Whey and other milk products were Australia ($4.97M), South Korea ($1.82M), Philippines ($785k), United States ($630k), and Singapore ($172k).

In 2022, Japan imported $223M in Whey and other milk products, mainly from United States ($58.6M), New Zealand ($49.6M), Germany ($20.7M), South Korea ($20.4M), and Singapore ($19.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Whey and other milk products EXPORT MARKETS FOR Japan WERE (2021 - 2022):
Australia$4.22M (563%)
United States$630k (1%)
South Korea$303k (19.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Whey and other milk products BY Japan WERE (2021 - 2022):
Vietnam-$1.51M (-94%)
Hong Kong-$48k (-59.6%)
Laos-$11.4k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Japan's main exporting competitors in Whey and other milk products were:
United States $1.06B
Germany $786M
Netherlands $654M
In 2022, Japan's main importing competitors in Whey and other milk products were:
China $1.01B
Netherlands $656M
Germany $366M

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Trade Value of Whey and other milk products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $634k
TOP IMPORT POTENTIALGermany+ $4.51M

Whey and other milk products’s highest export potential is United States. With an export gap of $634k.   Whey and other milk products’s highest import potential is Germany with an import gap of $4.51M.

See methodology.

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