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2022
ExportsfalseWorld Rnk 1 / 214
Flag Rnk 21 / 1213
2021 - 2022
FASTEST GROWING MARKET $42.9MMalaysia
2022
PRODUCT COMPLEXITY IN Thermostats1.04Rnk 157 / 1025
2022
Origin $45.1M China
2021 - 2022
FASTEST GROWING ORIGIN $45.1MThailand
2022
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $5.66B in Thermostats, making it the 1st largest exporter of Thermostats in the world. At the same year, Thermostats was the 21st most exported product in Japan. The main destination of Thermostats exports from Japan are: China ($1.52B), United States ($1.4B), Thailand ($707M), South Korea ($206M), and Indonesia ($167M).

The fastest growing export markets for Thermostats of Japan between 2021 and 2022 were Malaysia ($42.9M), Czechia ($39M), and Thailand ($36.5M).

The fastest growing import markets in Thermostats for Japan between 2021 and 2022 were Thailand ($45.1M), United States ($32.8M), and Malaysia ($13.9M).

COMPANIES In 2023, leading companies such as Wismettac Asian Foods (34), General Motors (23), and John Deere (5) were at the forefront of shipping Thermostats from Japan to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Japan's Thermostats exports accounted up to ¥61.8B and imports accounted up to ¥23.1B, resulting in a positive trade balance of ¥38.7B. Between June 2023 and June 2024 the exports of Japan's   Thermostats have increased by ¥4.35B (7.58%) from ¥57.4B to ¥61.8B, while imports decreased by ¥-1.73B (-6.98%) from ¥24.8B to ¥23.1B.

Destinations In June 2024, Thermostats were exported mostly to United States (¥17.7B), China (¥9.38B), Thailand (¥8.78B), Mexico (¥3.14B), and India (¥2.04B), and were imported mostly from China (¥9.29B), United States (¥4.29B), Thailand (¥2.09B), Germany (¥1.67B), and United Kingdom (¥688M).

Growth In June 2024, the increase in Thermostats's year-by-year exports was explained primarily by an increase in exports to N/A. In June 2024, the decrease in Thermostats's year-by-year imports was explained primarily by a decrease in imports from Spain (¥-299M or -34.7%), United Kingdom (¥-195M or -42.6%), and Romania (¥-165M or -43.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)¥4.35B(7.58%)
IMPORT GROWTH (June 2023 - June 2024)¥-1.73B(-6.98%)
MAIN EXPORTER (June 2024)Aichi¥34.6B
MAIN DESTINATION (June 2024)United States¥17.7B

This section shows Thermostats'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 Thermostats over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$5.66B

In 2022, Japan exported $5.66B in Thermostats. The main destinations of Japan exports on Thermostats were China ($1.52B), United States ($1.4B), Thailand ($707M), South Korea ($206M), and Indonesia ($167M).

In N/A, Japan imported N/A in Thermostats, mainly from China ($491M), United States ($184M), Thailand ($141M), Germany ($117M), and Malaysia ($68.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Thermostats EXPORT MARKETS FOR Japan WERE (2021 - 2022):
Malaysia$42.9M (84.6%)
Czechia$39M (73.2%)
Thailand$36.5M (5.45%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Thermostats BY Japan WERE (2021 - 2022):
United States-$92.6M (-6.22%)
China-$74.3M (-4.66%)
Russia-$54.1M (-82.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Japan's main exporting competitors in Thermostats were:
China $5.61B
Germany $4.45B
In 2022, Japan's main importing competitors in Thermostats were:
United States $6.78B
China $3.47B
Germany $3B

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Trade Value of Thermostats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $52.9M
TOP IMPORT POTENTIALChina+ $67M

Thermostats’s highest export potential is India. With an export gap of $52.9M.   Thermostats’s highest import potential is China with an import gap of $67M.

See methodology.

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