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2022
Exports $139MWorld Rnk 17 / 196
Flag Rnk 377 / 1213
2022
Destination $10.7M Chinese Taipei
2021 - 2022
FASTEST GROWING MARKET $10.7MChinese Taipei
2022
PRODUCT COMPLEXITY IN Stranded Iron Wire0.15Rnk 505 / 1025
2022
Imports $264MWorld Rnk 9 / 222
Flag Rnk 332 / 1214
2022
Origin $11.4M China
2021 - 2022
FASTEST GROWING ORIGIN $11.4MChina
2022
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $139M in Stranded Iron Wire, making it the 17th largest exporter of Stranded Iron Wire in the world. At the same year, Stranded Iron Wire was the 377th most exported product in Japan. The main destination of Stranded Iron Wire exports from Japan are: Chinese Taipei ($25M), China ($22.5M), United States ($22.4M), Thailand ($19.9M), and Hong Kong ($7.3M).

The fastest growing export markets for Stranded Iron Wire of Japan between 2021 and 2022 were Chinese Taipei ($10.7M), Italy ($1.88M), and United States ($1.41M).

Imports In 2022, Japan imported $264M in Stranded Iron Wire, becoming the 9th largest importer of Stranded Iron Wire in the world. At the same year, Stranded Iron Wire was the 332nd most imported product in Japan. Japan imports Stranded Iron Wire primarily from: China ($137M), South Korea ($43.1M), Vietnam ($24.7M), Indonesia ($17.2M), and Thailand ($10.1M).

The fastest growing import markets in Stranded Iron Wire for Japan between 2021 and 2022 were China ($11.4M), Thailand ($3.25M), and Vietnam ($2.5M).

Latest Trends

June 2024

About

Overview In June 2024 Japan's Stranded Iron Wire exports accounted up to ¥1.53B and imports accounted up to ¥3.15B, resulting in a negative trade balance of ¥1.62B. Between June 2023 and June 2024 the exports of Japan's   Stranded Iron Wire have decreased by ¥-67.8M (-4.25%) from ¥1.59B to ¥1.53B, while imports increased by ¥514M (19.5%) from ¥2.64B to ¥3.15B.

Destinations In June 2024, Stranded Iron Wire were exported mostly to Chinese Taipei (¥267M), China (¥208M), United States (¥159M), Thailand (¥152M), and Vietnam (¥131M), and were imported mostly from China (¥1.58B), Vietnam (¥389M), South Korea (¥360M), Malaysia (¥253M), and Indonesia (¥197M).

Growth In June 2024, the decrease in Stranded Iron Wire's year-by-year exports was explained primarily by a decrease in exports to Thailand (¥-92.5M or -42.1%), United States (¥-23.3M or -13.4%), and Hong Kong (¥-16.7M or -31.4%). In June 2024, the increase in Stranded Iron Wire's year-by-year imports was explained primarily by an increase in imports from South Korea (¥121M or 28.1%), China (¥82.3M or 5.19%), and Thailand (¥53.6M or 104%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)¥-67.8M(-4.25%)
IMPORT GROWTH (June 2023 - June 2024)¥514M(19.5%)
MAIN EXPORTER (June 2024)Hyōgo¥442M
MAIN DESTINATION (June 2024)Chinese Taipei¥267M

This section shows Stranded Iron Wire'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 Stranded Iron Wire over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$139M
IMPORTS (2022)$264M
NET TRADE (2022)-$124M

In 2022, Japan exported $139M in Stranded Iron Wire. The main destinations of Japan exports on Stranded Iron Wire were Chinese Taipei ($25M), China ($22.5M), United States ($22.4M), Thailand ($19.9M), and Hong Kong ($7.3M).

In 2022, Japan imported $264M in Stranded Iron Wire, mainly from China ($137M), South Korea ($43.1M), Vietnam ($24.7M), Indonesia ($17.2M), and Thailand ($10.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Stranded Iron Wire EXPORT MARKETS FOR Japan WERE (2021 - 2022):
Chinese Taipei$10.7M (74.6%)
Italy$1.88M (437%)
United States$1.41M (6.72%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Stranded Iron Wire BY Japan WERE (2021 - 2022):
Vietnam-$4.19M (-61.2%)
Romania-$4.06M (-94.4%)
China-$3.56M (-13.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Japan's main exporting competitors in Stranded Iron Wire were:
China $2.93B
South Korea $565M
Vietnam $546M
In 2022, Japan's main importing competitors in Stranded Iron Wire were:
United States $1.52B
Germany $434M
India $322M

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Trade Value of Stranded Iron Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $7.41M
TOP IMPORT POTENTIALChina+ $23.3M

Stranded Iron Wire’s highest export potential is United States. With an export gap of $7.41M.   Stranded Iron Wire’s highest import potential is China with an import gap of $23.3M.

See methodology.

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