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2022
Exports $10.9MWorld Rnk 21 / 194
Flag Rnk 760 / 1213
falsefalse China
2021 - 2022
FASTEST GROWING MARKETfalseChina
2022
PRODUCT COMPLEXITY IN Wood Ornaments-0.4Rnk 674 / 1025
2022
Imports $96.6MWorld Rnk 5 / 217
Flag Rnk 574 / 1214
2021 - 2022
FASTEST GROWING ORIGINfalseN/A
2022
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $10.9M in Wood Ornaments, making it the 21st largest exporter of Wood Ornaments in the world. At the same year, Wood Ornaments was the 760th most exported product in Japan. The main destination of Wood Ornaments exports from Japan are: China ($5.65M), United States ($1.63M), Chinese Taipei ($1.06M), Hong Kong ($547k), and South Korea ($234k).

The fastest growing export markets for Wood Ornaments of Japan between 2021 and 2022 were China ($2M), Chinese Taipei ($502k), and Saudi Arabia ($98.6k).

Imports In 2022, Japan imported $96.6M in Wood Ornaments, becoming the 5th largest importer of Wood Ornaments in the world. At the same year, Wood Ornaments was the 574th most imported product in Japan. Japan imports Wood Ornaments primarily from: China ($71.4M), Malaysia ($5.02M), Vietnam ($4.49M), Indonesia ($2.03M), and Laos ($1.57M).

Latest Trends

June 2024

About

Overview In June 2024 Japan's Wood Ornaments exports accounted up to ¥89.1M and imports accounted up to ¥1.17B, resulting in a negative trade balance of ¥1.09B. Between June 2023 and June 2024 the exports of Japan's   Wood Ornaments have decreased by ¥-65.7M (-42.4%) from ¥155M to ¥89.1M, while imports decreased by ¥-28.9M (-2.4%) from ¥1.2B to ¥1.17B.

Destinations In June 2024, Wood Ornaments were exported mostly to China (¥50.5M), Greece (¥7.8M), United States (¥7.78M), South Korea (¥5.05M), and France (¥4.23M), and were imported mostly from China (¥911M), Chinese Taipei (¥42.2M), Vietnam (¥38.5M), Thailand (¥32M), and Laos (¥29.1M).

Growth In June 2024, the decrease in Wood Ornaments's year-by-year exports was explained primarily by a decrease in exports to South Korea (¥-194k or -7.37%) and Italy (¥-88k or -19.1%). In June 2024, the decrease in Wood Ornaments's year-by-year imports was explained primarily by a decrease in imports from Philippines (¥-3.3M or -55.1%), Switzerland (¥-966k or -64.3%), and Lithuania (¥-317k or -38.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)¥-65.7M(-42.4%)
IMPORT GROWTH (June 2023 - June 2024)¥-28.9M(-2.4%)
MAIN DESTINATION (June 2024)China¥50.5M

This section shows Wood Ornaments'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 Wood Ornaments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$10.9M
IMPORTS (2022)$96.6M
NET TRADE (2022)-$85.7M

In 2022, Japan exported $10.9M in Wood Ornaments. The main destinations of Japan exports on Wood Ornaments were China ($5.65M), United States ($1.63M), Chinese Taipei ($1.06M), Hong Kong ($547k), and South Korea ($234k).

In 2022, Japan imported $96.6M in Wood Ornaments, mainly from China ($71.4M), Malaysia ($5.02M), Vietnam ($4.49M), Indonesia ($2.03M), and Laos ($1.57M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wood Ornaments EXPORT MARKETS FOR Japan WERE (2021 - 2022):
China$2M (54.9%)
Chinese Taipei$502k (90.2%)
Saudi Arabia$98.6k (1.81k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Ornaments BY Japan WERE (2021 - 2022):
Germany-$517k (-82.2%)
United States-$295k (-15.4%)
Indonesia-$155k (-97.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Japan's main exporting competitors in Wood Ornaments were:
China $1.65B
Germany $83.5M
Indonesia $77.4M
In 2022, Japan's main importing competitors in Wood Ornaments were:
United States $984M
Germany $226M
France $134M

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Trade Value of Wood Ornaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.05M
TOP IMPORT POTENTIALChina+ $7.23M

Wood Ornaments’s highest export potential is United States. With an export gap of $1.05M.   Wood Ornaments’s highest import potential is China with an import gap of $7.23M.

See methodology.

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