2022
Exports
$2.56MWorld Rnk 36 / 89
Flag Rnk 931 / 1213
2022
PRODUCT COMPLEXITY IN Iron Reductions
-1.54Rnk 951 / 1025
2022
Imports
$55.3MWorld Rnk 20 / 144
Flag Rnk 710 / 1214
2022
ECONOMIC COMPLEXITY of Japan
2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $2.56M in Iron Reductions, making it the 36th largest exporter of Iron Reductions in the world. At the same year, Iron Reductions was the 931st most exported product in Japan. The main destination of Iron Reductions exports from Japan are: United States ($1.35M), United Kingdom ($758k), South Korea ($137k), China ($130k), and Thailand ($78.2k).

The fastest growing export markets for Iron Reductions of Japan between 2021 and 2022 were United States ($889k), Thailand ($77.5k), and China ($60.9k).

Imports In 2022, Japan imported $55.3M in Iron Reductions, becoming the 20th largest importer of Iron Reductions in the world. At the same year, Iron Reductions was the 710th most imported product in Japan. Japan imports Iron Reductions primarily from: China ($24.8M), Malaysia ($22.4M), United States ($7.83M), Thailand ($163k), and India ($29.1k).

The fastest growing import markets in Iron Reductions for Japan between 2021 and 2022 were China ($24.4M), Malaysia ($22.4M), and United States ($7.77M).

COMPANIES In 2023, leading companies such as ABB Motors and Mechanical (2) were at the forefront of shipping Iron Reductions from Japan to the United States.

Latest Trends

June 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)¥-9.32M(-10.6%)
IMPORT GROWTH (April 2022 - April 2024)¥722k(147%)
MAIN EXPORTER (June 2024)Tokyo¥90.9M
MAIN DESTINATION (June 2024)United States¥72.6M

This section shows Iron Reductions'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 Iron Reductions over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.56M
IMPORTS (2022)$55.3M
NET TRADE (2022)-$52.7M

In 2022, Japan exported $2.56M in Iron Reductions. The main destinations of Japan exports on Iron Reductions were United States ($1.35M), United Kingdom ($758k), South Korea ($137k), China ($130k), and Thailand ($78.2k).

In 2022, Japan imported $55.3M in Iron Reductions, mainly from China ($24.8M), Malaysia ($22.4M), United States ($7.83M), Thailand ($163k), and India ($29.1k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Reductions EXPORT MARKETS FOR Japan WERE (2021 - 2022):
United States$889k (192%)
Thailand$77.5k (10.8k%)
China$60.9k (88.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Reductions BY Japan WERE (2021 - 2022):
South Korea-$193k (-58.6%)
United Kingdom-$153k (-16.8%)
Chinese Taipei-$43k (-54.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Japan's main exporting competitors in Iron Reductions were:
In 2022, Japan's main importing competitors in Iron Reductions were:

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Trade Value of Iron Reductions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $711k
TOP IMPORT POTENTIALUnited States+ $1.99M

Iron Reductions’s highest export potential is United States. With an export gap of $711k.   Iron Reductions’s highest import potential is United States with an import gap of $1.99M.

See methodology.

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