Industrial Fatty Acids, Oils and Alcohols in Japan | The Observatory of Economic Complexity

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Exports In 2018, Japan exported $4.86B in Industrial Fatty Acids, Oils and Alcohols, making it the 6th largest exporter of Industrial Fatty Acids, Oils and Alcohols in the world. At the same year, Industrial Fatty Acids, Oils and Alcohols was the 33rd most exported product in Japan. The main destination of Industrial Fatty Acids, Oils and Alcohols exports from Japan are: China ($1.27B), United States ($1.01B), South Korea ($593M), Chinese Taipei ($552M), and India ($398M).

The fastest growing export markets for Industrial Fatty Acids, Oils and Alcohols of Japan between 2021 and 2022 were India ($270M), United States ($209M), and Thailand ($39.3M).

Imports In 2022, Japan imported $1.56B in Industrial Fatty Acids, Oils and Alcohols, becoming the 15th largest importer of Industrial Fatty Acids, Oils and Alcohols in the world. At the same year, Industrial Fatty Acids, Oils and Alcohols was the 96th most imported product in Japan. Japan imports Industrial Fatty Acids, Oils and Alcohols primarily from: China ($531M), United States ($286M), Chinese Taipei ($173M), Germany ($111M), and South Korea ($81.5M).

The fastest growing import markets in Industrial Fatty Acids, Oils and Alcohols for Japan between 2021 and 2022 were United States ($61.8M), China ($22.8M), and South Korea ($11.5M).

Latest Trends

June 2024

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Overview In June 2024 Japan's Industrial Fatty Acids, Oils and Alcohols exports accounted up to ¥373M and imports accounted up to ¥3.7B, resulting in a negative trade balance of ¥3.33B. Between June 2023 and June 2024 the exports of Japan's Industrial Fatty Acids, Oils and Alcohols have increased by ¥82.1M (28.2%) from ¥291M to ¥373M, while imports increased by ¥348M (10.4%) from ¥3.35B to ¥3.7B.

Destinations In June 2024, Industrial Fatty Acids, Oils and Alcohols were exported mostly to South Korea (¥93.1M), China (¥79.5M), Malaysia (¥55.1M), Indonesia (¥45.1M), and United States (¥27M), and were imported mostly from Malaysia (¥1.07B), United States (¥742M), Indonesia (¥604M), India (¥365M), and Germany (¥206M).

Growth In June 2024, the increase in Industrial Fatty Acids, Oils and Alcohols's year-by-year exports was explained primarily by an increase in exports to Singapore (¥174M or 1.24k%), Thailand (¥8.31M or 160%), and Vietnam (¥7.5M or 371%). In June 2024, the increase in Industrial Fatty Acids, Oils and Alcohols's year-by-year imports was explained primarily by an increase in imports from India (¥146M or 35.4%), Germany (¥137M or 114%), and Italy (¥45.5M or 94.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)¥82.1M(28.2%)

IMPORT GROWTH (June 2023 - June 2024)¥348M(10.4%)

MAIN EXPORTER (June 2024)Hyōgo¥166M

MAIN DESTINATION (June 2024)South Korea¥93.1M

This section shows Industrial Fatty Acids, Oils and Alcohols'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 Industrial Fatty Acids, Oils and Alcohols over time.

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