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2022
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Exports $5.35BRnk 22 / 211
2022
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Top Product $560MCars
2022
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Exports $4.32MRnk 15 / 221
2022
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Top Product $796MProcessed Tobacco
2022
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Economic Complexity (ECI) ECI 2.07Rnk 1 / 133
2022
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Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
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GDP$4.23TCURRENT US$
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2012-2022
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GDP GROWTH-32.5%CURRENT US$
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2022
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 GDP$2.01TCURRENT US$
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2012-2022
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GDP GROWTH-3.67%CURRENT US$
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2022
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GDP PC $33,815CURRENT US$
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2012-2022
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GDP PC GROWTH-31.2%CURRENT US$
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2022
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GDP PC$34,158CURRENT US$
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2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
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About

Japan-Italy Trade: In 2022, Japan exported $5.35B to Italy. The main products that Japan exported to Italy were Cars ($560M), Hot-Rolled Iron ($448M), and Motorcycles and cycles ($291M). Over the past 5 years the exports of Japan to Italy have increased at an annualized rate of 2.73%, from $4.68B in 2017 to $5.35B in 2022.

In 2009, Japan exported services to Italy worth $1.61B, with Services not allocated ($801M), Transportation ($301M), and Other business services ($250M) being the largest in terms of value.

Italy-Japan Trade: In 2022, Italy exported $8.72B to Japan. The main products that Italy exported to Japan were Processed Tobacco ($796M), Cars ($757M), and Trunks and Cases ($755M). Over the past 5 years the exports of Italy to Japan have increased at an annualized rate of 3.25%,  from $7.43B in 2017 to $8.72B in 2022.

In 2020, Italy exported services to Japan worth $666M, with Travel ($280M), Other business services ($185M), and Transportation ($74.5M) being the largest in terms of value.

Comparison: In 2022,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B). That same year, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Latest Trends

June, 2024

About

Overview In June 2024, Japan exported ¥61.3B and imported ¥169B from Italy, resulting in a negative trade balance of ¥108B. Between June 2023 and June 2024 the exports of Japan have decreased by ¥-14.8B (-19.5%) from ¥76.1B to ¥61.3B, while imports increased by ¥20.9B (14.1%) from ¥148B to ¥169B.

Trade In June 2024, the top exports of Japan to Italy were Cars (¥9.17B), Motorcycles and cycles (¥4.99B), Delivery Trucks (¥2.61B), Oxygen Heterocyclic Compounds (¥2.48B), and Commodities not elsewhere specified (¥2.13B). In June 2024 the top imports of Japan from Italy were Trunks and Cases (¥14.8B), Cars (¥12.2B), Inhalable tobacco/nicotine products (¥8.51B), Jewellery (¥5.56B), and Leather Footwear (¥3.36B).

Origins In June 2024 the exports of Japan were mainly from Chiba (¥13.8B), Aichi (¥11.5B), Osaka (¥8.52B), Shizuoka (¥6.65B), and Tokyo (¥4.58B), while imports destinations were mainly Chiba (¥75B), Tokyo (¥45.8B), Hyōgo (¥13.3B), Aichi (¥11.2B), and Osaka (¥11.2B).

Growth In June 2024, the decrease in Japan's year-by-year exports to Italy was explained primarily by an decrease in product exports in Air Pumps (¥-975M or -67.7%), Cold-Rolled Iron (¥-734M or -69.6%), and Motor vehicles; parts and accessories (8701... (¥-660M or -62.4%). In June 2024, the increase in Japan's year-by-year imports  from Italy was explained primarily by an increase in product imports  in Cars (¥5.12B or 72.1%), Trunks and Cases (¥2.57B or 21%), and Jewellery (¥2.22B or 66.5%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)¥-14.8B(-19.5%)
IMPORT GROWTH (June 2023 - June 2024)¥20.9B(14.1%)
MAIN EXPORTER (June 2024)Chiba¥13.8B

This section shows exports and imports data at subnational level for Japan. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Japan over time.

To check Italy and Japan trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Italy and Japan Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Japan exported $5.35B to Italy. The main products exported from Japan to Italy were Cars ($560M), Hot-Rolled Iron ($448M), and Motorcycles and cycles ($291M). During the last 5 years the exports of Japan to Italy have increased at an annualized rate of 4.9%, from $13.2M in 2017 to $5.35B in 2022.

In 2017, Italy exported $8.72B to Japan. The main products exported from Italy to Japan were Processed Tobacco ($796M), Cars ($757M), and Trunks and Cases ($755M). During the last 5 years the exports of Italy to Japan have increased at an annualized rate of 10.7%, from $2.6M in 2022 to $8.72B in 2017.

Exports from Japan (Flag) to Italy (Flag) (2022)

Exports from Italy (Flag) to Japan (Flag) (2022)

Market Competitiveness

Color
Japan
Top DestinationUnited States$137B
Italy
Top DestinationGermany$78.5B

This map shows whether countries import more from Japan or Italy. Each country is colored based on the difference in imports they receive from Japan and Italy or the difference in the growth in imports.

In 2022, countries that imported more from Japan than Italy included China ($135B), United States ($137B), and Chinese Taipei ($50.1B).

In 2022, countries that imported more from Italy than Japan included Germany ($78.5B), France ($63.8B), and Spain ($32.8B).

Difference in imports from Italy (Flag) and Japan (Flag) (2022)

Comparative Advantage Japan - Italy

Flow
Scale

This chart compares trade between Japan and Italy by product, considering products traded by both, Japan and Italy.

During 2022, Japan had a large net trade with Italy in the exports of Machines ($1.66B), Transportation ($1.32B), and Metals ($693M).

During 2017, Italy had a large net trade with Japan in the exports of Chemical Products ($1.52B), Foodstuffs ($1.44B), and Transportation ($1.13B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Japan Italy+$493MCars
Top Product Potential Italy Japan+$268MPackaged Medicaments

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

In 2009, Japan exported services to Italy worth $1.61B, with Services not allocated ($801M), Transportation ($301M), and Other business services ($250M) being the largest in terms of value.

In 2020, Italy exported services to Japan worth $666M, with Travel ($280M), Other business services ($185M), and Transportation ($74.5M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Japan (Flag) to Italy (Flag) (2009)

Services Exports from Italy (Flag) to Japan (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Japan and Italy. This means that a dot/product with the flag of Japan indicates it has a comparative advantage over Italy. Similarly, a dot/product with the flag of Italy indicates it has a comparative advantage over Japan.

Product Space of Japan (Flag) and Italy (Flag) (2022)

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