Silver in Japan | The Observatory of Economic Complexity

About

Exports In 2022, Japan exported $1.6B in Silver, making it the 8th largest exporter of Silver in the world. At the same year, Silver was the 89th most exported product in Japan. The main destination of Silver exports from Japan are: China ($894M), Chinese Taipei ($191M), Malaysia ($78.5M), Thailand ($70.7M), and South Korea ($62.9M).

The fastest growing export markets for Silver of Japan between 2021 and 2022 were Thailand ($30.9M), Turkey ($22.2M), and Canada ($11.1M).

Imports In 2022, Japan imported $1.24B in Silver, becoming the 9th largest importer of Silver in the world. At the same year, Silver was the 120th most imported product in Japan. Japan imports Silver primarily from: South Korea ($822M), Mexico ($206M), China ($96.3M), United States ($44.2M), and Malaysia ($21.7M).

The fastest growing import markets in Silver for Japan between 2021 and 2022 were Poland ($16.7M), Malaysia ($2.98M), and Thailand ($573k).

COMPANIES In 2023, leading companies such as PANASONIC AUTOMOTIVE SYSTEMS (1) were at the forefront of shipping Silver from Japan to the United States.

Latest Trends

February 2024

About

Overview In February 2024 Japan's Silver exports accounted up to ¥17.4B and imports accounted up to ¥16.4B, resulting in a positive trade balance of ¥1.01B. Between February 2023 and February 2024 the exports of Japan's Silver have increased by ¥3.78B (27.8%) from ¥13.6B to ¥17.4B, while imports increased by ¥10.8B (195%) from ¥5.56B to ¥16.4B.

Destinations In February 2024, Silver were exported mostly to China (¥9.35B), Chinese Taipei (¥2.04B), Thailand (¥1.19B), Singapore (¥976M), and Malaysia (¥793M), and were imported mostly from South Korea (¥10.9B), United States (¥2.67B), Mexico (¥2.41B), China (¥193M), and Germany (¥73.4M).

Growth In February 2024, the increase in Silver's year-by-year exports was explained primarily by an increase in exports to United Kingdom (¥5.8B or 216k%), Singapore (¥665M or 131%), and Hong Kong (¥389M or 150%). In February 2024, the increase in Silver's year-by-year imports was explained primarily by an increase in imports from Canada (¥43.4M or 1.72k%), United Kingdom (¥21.4M or 904%), and Malaysia (¥12.5M or 7.74%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)¥3.78B(27.8%)

IMPORT GROWTH (February 2023 - February 2024)¥10.8B(195%)

MAIN EXPORTER (February 2024)Chiba¥12.8B

MAIN DESTINATION (February 2024)China¥9.35B

This section shows Silver'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 Silver over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$1.6B

IMPORTS (2022)$1.24B

NET TRADE (2022)$360M

In 2022, Japan exported $1.6B in Silver. The main destinations of Japan exports on Silver were China ($894M), Chinese Taipei ($191M), Malaysia ($78.5M), Thailand ($70.7M), and South Korea ($62.9M).

In 2022, Japan imported $1.24B in Silver, mainly from South Korea ($822M), Mexico ($206M), China ($96.3M), United States ($44.2M), and Malaysia ($21.7M).

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