Motor-working Tools in Japan | The Observatory of Economic Complexity

About

Exports In 2022, Japan exported $369M in Motor-working Tools, making it the 6th largest exporter of Motor-working Tools in the world. At the same year, Motor-working Tools was the 246th most exported product in Japan. The main destination of Motor-working Tools exports from Japan are: United States ($83.4M), China ($31.3M), South Korea ($25.8M), Italy ($21.5M), and France ($20.7M).

The fastest growing export markets for Motor-working Tools of Japan between 2021 and 2022 were Vietnam ($2.19M), Italy ($1.46M), and Chinese Taipei ($1.27M).

Imports In 2022, Japan imported $201M in Motor-working Tools, becoming the 13th largest importer of Motor-working Tools in the world. At the same year, Motor-working Tools was the 395th most imported product in Japan. Japan imports Motor-working Tools primarily from: China ($93.6M), Chinese Taipei ($45.4M), Thailand ($16.8M), United States ($10.9M), and Germany ($10.5M).

The fastest growing import markets in Motor-working Tools for Japan between 2021 and 2022 were Thailand ($1.7M), Singapore ($1.31M), and Australia ($436k).

COMPANIES In 2023, leading companies such as STIHL INCORPORATED (32) were at the forefront of shipping Motor-working Tools from Japan to the United States.

Latest Trends

February 2024

About

Overview In February 2024 Japan's Motor-working Tools exports accounted up to ¥6.52B and imports accounted up to ¥5.63B, resulting in a positive trade balance of ¥889M. Between February 2023 and February 2024 the exports of Japan's Motor-working Tools have increased by ¥583M (9.82%) from ¥5.94B to ¥6.52B, while imports increased by ¥909M (19.3%) from ¥4.72B to ¥5.63B.

Destinations In February 2024, Motor-working Tools were exported mostly to United States (¥1.83B), United Kingdom (¥385M), Italy (¥362M), South Korea (¥311M), and China (¥293M), and were imported mostly from China (¥4.19B), Chinese Taipei (¥317M), United States (¥217M), Germany (¥163M), and Thailand (¥155M).

Growth In February 2024, the increase in Motor-working Tools's year-by-year exports was explained primarily by an increase in exports to Vietnam (¥97.5M or 124%), Colombia (¥79.8M or 401%), and Thailand (¥54.2M or 40.3%). In February 2024, the increase in Motor-working Tools's year-by-year imports was explained primarily by an increase in imports from United States (¥293M or 248%), Austria (¥52.8M or 68.3%), and Sweden (¥30.4M or 17.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)¥583M(9.82%)

IMPORT GROWTH (February 2023 - February 2024)¥909M(19.3%)

MAIN EXPORTER (February 2024)Aichi¥2.36B

MAIN DESTINATION (February 2024)United States¥1.83B

This section shows Motor-working Tools'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 Motor-working Tools over time.

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