Other Pure Vegetable Oils in Japan | The Observatory of Economic Complexity

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Exports In 2022, Japan exported $85.2M in Other Pure Vegetable Oils, making it the 21st largest exporter of Other Pure Vegetable Oils in the world. At the same year, Other Pure Vegetable Oils was the 461st most exported product in Japan. The main destination of Other Pure Vegetable Oils exports from Japan are: United States ($51M), Canada ($7.36M), Hong Kong ($4.12M), Singapore ($2.94M), and China ($2.69M).

The fastest growing export markets for Other Pure Vegetable Oils of Japan between 2021 and 2022 were United States ($1.85M), Australia ($815k), and Singapore ($669k).

Imports In 2022, Japan imported $198M in Other Pure Vegetable Oils, becoming the 8th largest importer of Other Pure Vegetable Oils in the world. At the same year, Other Pure Vegetable Oils was the 398th most imported product in Japan. Japan imports Other Pure Vegetable Oils primarily from: India ($41.2M), Thailand ($37.4M), Brazil ($29.7M), China ($20.6M), and Vietnam ($11.3M).

The fastest growing import markets in Other Pure Vegetable Oils for Japan between 2021 and 2022 were Thailand ($20.4M), Brazil ($7.52M), and India ($5.57M).

COMPANIES In 2023, leading companies such as WISMETTAC ASIAN FOODS,INC. (53) were at the forefront of shipping Other Pure Vegetable Oils from Japan to the United States.

Latest Trends

February 2024

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Overview In February 2024 Japan's Other Pure Vegetable Oils exports accounted up to ¥1.26B and imports accounted up to ¥1.46B, resulting in a negative trade balance of ¥193M. Between February 2023 and February 2024 the exports of Japan's Other Pure Vegetable Oils have increased by ¥402M (46.7%) from ¥861M to ¥1.26B, while imports decreased by ¥-842M (-36.6%) from ¥2.3B to ¥1.46B.

Destinations In February 2024, Other Pure Vegetable Oils were exported mostly to United States (¥775M), Canada (¥140M), Hong Kong (¥60.5M), South Korea (¥40.6M), and Chinese Taipei (¥30.5M), and were imported mostly from Brazil (¥294M), Thailand (¥263M), India (¥211M), Vietnam (¥169M), and Belgium (¥102M).

Growth In February 2024, the increase in Other Pure Vegetable Oils's year-by-year exports was explained primarily by an increase in exports to Singapore (¥27M or 2.7k%), Netherlands (¥18.7M or 1.61k%), and Chinese Taipei (¥9.82M or 119%). In February 2024, the decrease in Other Pure Vegetable Oils's year-by-year imports was explained primarily by a decrease in imports from Germany (¥-87.4M or -83.7%), China (¥-74.5M or -29.5%), and Mexico (¥-58.3M or -61.7%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)¥402M(46.7%)

IMPORT GROWTH (February 2023 - February 2024)¥-842M(-36.6%)

MAIN EXPORTER (February 2024)Hyōgo¥862M

MAIN DESTINATION (February 2024)United States¥775M

This section shows Other Pure Vegetable Oils'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 Other Pure Vegetable Oils over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$85.2M

IMPORTS (2022)$198M

NET TRADE (2022)-$113M

In 2022, Japan exported $85.2M in Other Pure Vegetable Oils. The main destinations of Japan exports on Other Pure Vegetable Oils were United States ($51M), Canada ($7.36M), Hong Kong ($4.12M), Singapore ($2.94M), and China ($2.69M).

In 2022, Japan imported $198M in Other Pure Vegetable Oils, mainly from India ($41.2M), Thailand ($37.4M), Brazil ($29.7M), China ($20.6M), and Vietnam ($11.3M).

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