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Pricing

2022
Exports $1.18BWorld Rnk 3 / 182
Flag Rnk 111 / 1213
2022
Destination $36.9M Philippines
2021 - 2022
FASTEST GROWING MARKET $36.9MPhilippines
2022
PRODUCT COMPLEXITY IN Electromagnets1.02Rnk 163 / 1025
2022
Imports $1.04BWorld Rnk 3 / 216
Flag Rnk 135 / 1214
2022
Origin $94.8M China
2021 - 2022
FASTEST GROWING ORIGIN $94.8MChina
2022
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $1.18B in Electromagnets, making it the 3rd largest exporter of Electromagnets in the world. At the same year, Electromagnets was the 111th most exported product in Japan. The main destination of Electromagnets exports from Japan are: Philippines ($309M), China ($235M), United States ($135M), Germany ($90.4M), and Thailand ($86.4M).

The fastest growing export markets for Electromagnets of Japan between 2021 and 2022 were Philippines ($36.9M), Malaysia ($16.8M), and Vietnam ($14.6M).

Imports In 2022, Japan imported $1.04B in Electromagnets, becoming the 3rd largest importer of Electromagnets in the world. At the same year, Electromagnets was the 135th most imported product in Japan. Japan imports Electromagnets primarily from: China ($385M), Philippines ($334M), Vietnam ($147M), Malaysia ($45M), and Thailand ($38.7M).

The fastest growing import markets in Electromagnets for Japan between 2021 and 2022 were China ($94.8M), Philippines ($88.7M), and Vietnam ($83.2M).

COMPANIES In 2023, leading companies such as Mahle Behr (8) and Toshiba (6) were at the forefront of shipping Electromagnets from Japan to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Japan's Electromagnets exports accounted up to ¥12.5B and imports accounted up to ¥10.1B, resulting in a positive trade balance of ¥2.39B. Between June 2023 and June 2024 the exports of Japan's   Electromagnets have increased by ¥2.14B (20.6%) from ¥10.4B to ¥12.5B, while imports decreased by ¥-950M (-8.59%) from ¥11.1B to ¥10.1B.

Destinations In June 2024, Electromagnets were exported mostly to Philippines (¥2.42B), United States (¥2.27B), China (¥1.97B), Thailand (¥1.54B), and Malaysia (¥1.24B), and were imported mostly from China (¥3.52B), Philippines (¥3.13B), Vietnam (¥1.66B), Thailand (¥534M), and Malaysia (¥429M).

Growth In June 2024, the increase in Electromagnets's year-by-year exports was explained primarily by an increase in exports to Vietnam (¥570M or 134%), United States (¥342M or 34.5%), and France (¥77.8M or 53.3%). In June 2024, the decrease in Electromagnets's year-by-year imports was explained primarily by a decrease in imports from New Zealand (¥-45.2M or -56.3%), South Korea (¥-18.9M or -13.5%), and United States (¥-18.6M or -25.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)¥2.14B(20.6%)
IMPORT GROWTH (June 2023 - June 2024)¥-950M(-8.59%)
MAIN EXPORTER (June 2024)Aichi¥4.85B
MAIN DESTINATION (June 2024)Philippines¥2.42B

This section shows Electromagnets'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 Electromagnets over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.18B
IMPORTS (2022)$1.04B
NET TRADE (2022)$138M

In 2022, Japan exported $1.18B in Electromagnets. The main destinations of Japan exports on Electromagnets were Philippines ($309M), China ($235M), United States ($135M), Germany ($90.4M), and Thailand ($86.4M).

In 2022, Japan imported $1.04B in Electromagnets, mainly from China ($385M), Philippines ($334M), Vietnam ($147M), Malaysia ($45M), and Thailand ($38.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electromagnets EXPORT MARKETS FOR Japan WERE (2021 - 2022):
Philippines$36.9M (13.6%)
Malaysia$16.8M (25.5%)
Vietnam$14.6M (45.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electromagnets BY Japan WERE (2021 - 2022):
Thailand-$21.7M (-20.1%)
China-$21.1M (-8.26%)
Hong Kong-$12.9M (-44.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Japan's main exporting competitors in Electromagnets were:
China $6.28B
Germany $1.24B
In 2022, Japan's main importing competitors in Electromagnets were:
Germany $1.58B
United States $1.51B

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Trade Value of Electromagnets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $16.1M
TOP IMPORT POTENTIALChina+ $63.1M

Electromagnets’s highest export potential is United States. With an export gap of $16.1M.   Electromagnets’s highest import potential is China with an import gap of $63.1M.

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