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2022
Exports $64.8MWorld Rnk 8 / 165
Flag Rnk 510 / 1213
2022
Destination $1.29M China
2021 - 2022
FASTEST GROWING MARKET $1.29MSouth Korea
2022
PRODUCT COMPLEXITY IN Tensile Testing Machines1.41Rnk 69 / 1025
2022
Imports $55.6MWorld Rnk 10 / 206
Flag Rnk 708 / 1214
2022
Origin $203k United States
2021 - 2022
FASTEST GROWING ORIGIN $203kUnited Kingdom
2022
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $64.8M in Tensile Testing Machines, making it the 8th largest exporter of Tensile Testing Machines in the world. At the same year, Tensile Testing Machines was the 510th most exported product in Japan. The main destination of Tensile Testing Machines exports from Japan are: China ($16.6M), South Korea ($9.89M), United States ($7.71M), Chinese Taipei ($4.03M), and Netherlands ($2.45M).

The fastest growing export markets for Tensile Testing Machines of Japan between 2021 and 2022 were South Korea ($1.29M), United States ($788k), and Netherlands ($705k).

Imports In 2022, Japan imported $55.6M in Tensile Testing Machines, becoming the 10th largest importer of Tensile Testing Machines in the world. At the same year, Tensile Testing Machines was the 708th most imported product in Japan. Japan imports Tensile Testing Machines primarily from: United States ($21.2M), Germany ($9.04M), China ($4.74M), United Kingdom ($4.63M), and Switzerland ($4.34M).

The fastest growing import markets in Tensile Testing Machines for Japan between 2021 and 2022 were United Kingdom ($203k), Austria ($180k), and Hong Kong ($156k).

Latest Trends

June 2024

About

Overview In June 2024 Japan's Tensile Testing Machines exports accounted up to ¥659M and imports accounted up to ¥610M, resulting in a positive trade balance of ¥49.1M. Between June 2023 and June 2024 the exports of Japan's   Tensile Testing Machines have increased by ¥62.5M (10.5%) from ¥597M to ¥659M, while imports increased by ¥65.5M (12%) from ¥545M to ¥610M.

Destinations In June 2024, Tensile Testing Machines were exported mostly to China (¥171M), United States (¥97.1M), South Korea (¥61.6M), Chinese Taipei (¥55.9M), and India (¥39.3M), and were imported mostly from United States (¥274M), Switzerland (¥82.9M), Germany (¥72.4M), China (¥41M), and United Kingdom (¥30.3M).

Growth In June 2024, the increase in Tensile Testing Machines's year-by-year exports was explained primarily by an increase in exports to United States (¥75.8M or 168%), Malaysia (¥24M or 1.71k%), and Indonesia (¥16M or 290%). In June 2024, the increase in Tensile Testing Machines's year-by-year imports was explained primarily by an increase in imports from Vietnam (¥107M or 1.04k%), Germany (¥94.2M or 772%), and United Kingdom (¥25.1M or 146%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)¥62.5M(10.5%)
IMPORT GROWTH (June 2023 - June 2024)¥65.5M(12%)
MAIN EXPORTER (June 2024)Kanagawa¥317M
MAIN DESTINATION (June 2024)China¥171M

This section shows Tensile Testing Machines'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 Tensile Testing Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$64.8M
IMPORTS (2022)$55.6M
NET TRADE (2022)$9.17M

In 2022, Japan exported $64.8M in Tensile Testing Machines. The main destinations of Japan exports on Tensile Testing Machines were China ($16.6M), South Korea ($9.89M), United States ($7.71M), Chinese Taipei ($4.03M), and Netherlands ($2.45M).

In 2022, Japan imported $55.6M in Tensile Testing Machines, mainly from United States ($21.2M), Germany ($9.04M), China ($4.74M), United Kingdom ($4.63M), and Switzerland ($4.34M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tensile Testing Machines EXPORT MARKETS FOR Japan WERE (2021 - 2022):
South Korea$1.29M (15%)
United States$788k (11.4%)
Netherlands$705k (40.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tensile Testing Machines BY Japan WERE (2021 - 2022):
China-$7.7M (-31.7%)
Chinese Taipei-$3.7M (-47.8%)
Thailand-$1.9M (-45.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Japan's main exporting competitors in Tensile Testing Machines were:
United States $633M
Germany $397M
United Kingdom $230M
In 2022, Japan's main importing competitors in Tensile Testing Machines were:
China $408M
United States $239M
Germany $162M

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Trade Value of Tensile Testing Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $4.38M
TOP IMPORT POTENTIALChina+ $2.47M

Tensile Testing Machines’s highest export potential is China. With an export gap of $4.38M.   Tensile Testing Machines’s highest import potential is China with an import gap of $2.47M.

See methodology.

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