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2022
Exports $137MWorld Rnk 7 / 158
Flag Rnk 380 / 1213
2022
Destination $9.74M China
2021 - 2022
FASTEST GROWING MARKET $9.74MUnited States
2022
PRODUCT COMPLEXITY IN Industrial Furnaces0.84Rnk 229 / 1025
2022
Imports $92.8MWorld Rnk 18 / 213
Flag Rnk 588 / 1214
2022
Origin $11.8M China
2021 - 2022
FASTEST GROWING ORIGIN $11.8MChina
2022
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $137M in Industrial Furnaces, making it the 7th largest exporter of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 380th most exported product in Japan. The main destination of Industrial Furnaces exports from Japan are: China ($25M), United States ($18.5M), South Korea ($14.1M), Thailand ($10.9M), and Russia ($8.59M).

The fastest growing export markets for Industrial Furnaces of Japan between 2021 and 2022 were United States ($9.74M), Russia ($8.5M), and Uzbekistan ($8.19M).

Imports In 2022, Japan imported $92.8M in Industrial Furnaces, becoming the 18th largest importer of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 588th most imported product in Japan. Japan imports Industrial Furnaces primarily from: China ($54.4M), South Korea ($14.5M), Italy ($4.03M), United States ($3.84M), and Brazil ($3.04M).

The fastest growing import markets in Industrial Furnaces for Japan between 2021 and 2022 were China ($11.8M), Brazil ($2.62M), and Austria ($1.89M).

Latest Trends

June 2024

About

Overview In June 2024 Japan's Industrial Furnaces exports accounted up to ¥3.61B and imports accounted up to ¥771M, resulting in a positive trade balance of ¥2.84B. Between June 2023 and June 2024 the exports of Japan's   Industrial Furnaces have increased by ¥2.03B (129%) from ¥1.58B to ¥3.61B, while imports decreased by ¥-394M (-33.8%) from ¥1.16B to ¥771M.

Destinations In June 2024, Industrial Furnaces were exported mostly to China (¥1.43B), Philippines (¥585M), France (¥403M), Thailand (¥345M), and Czechia (¥286M), and were imported mostly from China (¥504M), South Korea (¥95.9M), Vietnam (¥47.4M), Indonesia (¥32.5M), and Spain (¥28.5M).

Growth In June 2024, the increase in Industrial Furnaces's year-by-year exports was explained primarily by an increase in exports to China (¥1.35B or 6.71k%), Philippines (¥259M or 2.17k%), and Indonesia (¥210M or 1.14k%). In June 2024, the decrease in Industrial Furnaces's year-by-year imports was explained primarily by a decrease in imports from Germany (¥-151M or -90.7%), Spain (¥-16.2M or -95.1%), and Chinese Taipei (¥-9.65M or -62.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)¥2.03B(129%)
IMPORT GROWTH (June 2023 - June 2024)¥-394M(-33.8%)
MAIN EXPORTER (June 2024)Hyōgo¥2.96B
MAIN DESTINATION (June 2024)China¥1.43B

This section shows Industrial Furnaces'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 Furnaces over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$137M
IMPORTS (2022)$92.8M
NET TRADE (2022)$44.7M

In 2022, Japan exported $137M in Industrial Furnaces. The main destinations of Japan exports on Industrial Furnaces were China ($25M), United States ($18.5M), South Korea ($14.1M), Thailand ($10.9M), and Russia ($8.59M).

In 2022, Japan imported $92.8M in Industrial Furnaces, mainly from China ($54.4M), South Korea ($14.5M), Italy ($4.03M), United States ($3.84M), and Brazil ($3.04M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Industrial Furnaces EXPORT MARKETS FOR Japan WERE (2021 - 2022):
United States$9.74M (112%)
Russia$8.5M (9.55k%)
Uzbekistan$8.19M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Industrial Furnaces BY Japan WERE (2021 - 2022):
China-$19.8M (-44.3%)
Belgium-$14.8M (-98.1%)
Vietnam-$7.79M (-74.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Japan's main exporting competitors in Industrial Furnaces were:
China $1.77B
Italy $645M
Germany $576M
In 2022, Japan's main importing competitors in Industrial Furnaces were:
Indonesia $474M
United States $382M
India $229M

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Trade Value of Industrial Furnaces by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $3.96M
TOP IMPORT POTENTIALChina+ $10.6M

Industrial Furnaces’s highest export potential is China. With an export gap of $3.96M.   Industrial Furnaces’s highest import potential is China with an import gap of $10.6M.

See methodology.

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