Low-voltage Protection Equipment in Japan | The Observatory of Economic Complexity

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Exports In 2022, Japan exported $7.57B in Low-voltage Protection Equipment, making it the 4th largest exporter of Low-voltage Protection Equipment in the world. At the same year, Low-voltage Protection Equipment was the 13th most exported product in Japan. The main destination of Low-voltage Protection Equipment exports from Japan are: China ($2.11B), Hong Kong ($947M), United States ($806M), Thailand ($485M), and Vietnam ($465M).

The fastest growing export markets for Low-voltage Protection Equipment of Japan between 2021 and 2022 were India ($29.5M), Czechia ($13M), and Switzerland ($6.73M).

Imports In 2022, Japan imported $3.16B in Low-voltage Protection Equipment, becoming the 8th largest importer of Low-voltage Protection Equipment in the world. At the same year, Low-voltage Protection Equipment was the 31st most imported product in Japan. Japan imports Low-voltage Protection Equipment primarily from: China ($1.33B), Thailand ($312M), Malaysia ($242M), Germany ($210M), and United States ($199M).

The fastest growing import markets in Low-voltage Protection Equipment for Japan between 2021 and 2022 were Malaysia ($49.8M), China ($46.3M), and United States ($42.3M).

COMPANIES In 2023, leading companies such as TE CONNECTIVITY CORPORATION (61), PANASONIC INDUSTRIAL DEVICES (48), and PANASONIC AUTOMOTIVE SYSTEMS (45) were at the forefront of shipping Low-voltage Protection Equipment from Japan to the United States.

Latest Trends

February 2024

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Overview In February 2024 Japan's Low-voltage Protection Equipment exports accounted up to ¥65.8B and imports accounted up to ¥29.8B, resulting in a positive trade balance of ¥36B. Between February 2023 and February 2024 the exports of Japan's Low-voltage Protection Equipment have increased by ¥2.25B (3.54%) from ¥63.6B to ¥65.8B, while imports decreased by ¥-2.99B (-9.11%) from ¥32.8B to ¥29.8B.

Destinations In February 2024, Low-voltage Protection Equipment were exported mostly to China (¥14.2B), United States (¥10.4B), Hong Kong (¥6.47B), Thailand (¥4.33B), and Vietnam (¥3.99B), and were imported mostly from China (¥11.1B), Thailand (¥4.17B), United States (¥2B), Vietnam (¥1.9B), and Philippines (¥1.83B).

Growth In February 2024, the increase in Low-voltage Protection Equipment's year-by-year exports was explained primarily by an increase in exports to Netherlands (¥255M or 28.5%), India (¥243M or 19.4%), and United States (¥177M or 2.46%). In February 2024, the decrease in Low-voltage Protection Equipment's year-by-year imports was explained primarily by a decrease in imports from China (¥-824M or -4.55%), Chinese Taipei (¥-318M or -16.6%), and South Korea (¥-118M or -10.2%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)¥2.25B(3.54%)

IMPORT GROWTH (February 2023 - February 2024)¥-2.99B(-9.11%)

MAIN EXPORTER (February 2024)Chiba¥14.8B

MAIN DESTINATION (February 2024)China¥14.2B

This section shows Low-voltage Protection Equipment'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 Low-voltage Protection Equipment over time.

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