Iron Railway Products in Japan | The Observatory of Economic Complexity

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Exports In 2022, Japan exported $317M in Iron Railway Products, making it the 4th largest exporter of Iron Railway Products in the world. At the same year, Iron Railway Products was the 263rd most exported product in Japan. The main destination of Iron Railway Products exports from Japan are: Brazil ($83.8M), United States ($78.5M), Canada ($42.6M), Australia ($32.4M), and India ($21.2M).

The fastest growing export markets for Iron Railway Products of Japan between 2021 and 2022 were United States ($47.7M), Canada ($28.2M), and Australia ($14.6M).

Imports In 2022, Japan imported $7.27M in Iron Railway Products, becoming the 72nd largest importer of Iron Railway Products in the world. At the same year, Iron Railway Products was the 1021st most imported product in Japan. Japan imports Iron Railway Products primarily from: United Kingdom ($1.73M), China ($1.37M), Luxembourg ($1.12M), United States ($1.1M), and Australia ($687k).

The fastest growing import markets in Iron Railway Products for Japan between 2021 and 2022 were United States ($803k), United Kingdom ($346k), and Australia ($122k).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Iron Railway Products from Japan to the United States.

Latest Trends

January 2024

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Overview In January 2024 Japan's Iron Railway Products exports accounted up to ¥9.08B and imports accounted up to ¥26.9M, resulting in a positive trade balance of ¥9.05B. Between January 2023 and January 2024 the exports of Japan's Iron Railway Products have increased by ¥4.76B (110%) from ¥4.31B to ¥9.08B, while imports decreased by ¥-97.8M (-78.4%) from ¥125M to ¥26.9M.

Destinations In January 2024, Iron Railway Products were exported mostly to United States (¥3.09B), India (¥2.1B), Philippines (¥1.68B), Brazil (¥1.24B), and Canada (¥853M), and were imported mostly from Australia (¥12.4M), China (¥8.67M), South Korea (¥4.64M), Sweden (¥969k), and Taiwan (¥283k).

Growth In January 2024, the increase in Iron Railway Products's year-by-year exports was explained primarily by an increase in exports to India (¥75.6M or 6.64%), South Korea (¥25.6M or 1.64k%), and Taiwan (¥13.4M or 45.4%). In January 2024, the decrease in Iron Railway Products's year-by-year imports was explained primarily by a decrease in imports from China (¥-3.79M or -11.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)¥4.76B(110%)

IMPORT GROWTH (January 2023 - January 2024)¥-97.8M(-78.4%)

MAIN EXPORTER (January 2024)Fukuoka¥8.25B

MAIN DESTINATION (January 2024)United States¥3.09B

This section shows Iron Railway Products'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 Iron Railway Products over time.

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