Sauces and Seasonings in Japan | The Observatory of Economic Complexity

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Exports In 2022, Japan exported $515M in Sauces and Seasonings, making it the 12th largest exporter of Sauces and Seasonings in the world. At the same year, Sauces and Seasonings was the 192nd most exported product in Japan. The main destination of Sauces and Seasonings exports from Japan are: United States ($109M), Chinese Taipei ($63.4M), South Korea ($44M), Hong Kong ($42.1M), and Australia ($30.1M).

The fastest growing export markets for Sauces and Seasonings of Japan between 2021 and 2022 were United States ($5.75M), Philippines ($3.29M), and Canada ($2.33M).

Imports In 2022, Japan imported $387M in Sauces and Seasonings, becoming the 10th largest importer of Sauces and Seasonings in the world. At the same year, Sauces and Seasonings was the 272nd most imported product in Japan. Japan imports Sauces and Seasonings primarily from: Thailand ($79.5M), United States ($60.8M), China ($60.2M), South Korea ($37.4M), and Vietnam ($33.7M).

The fastest growing import markets in Sauces and Seasonings for Japan between 2021 and 2022 were Vietnam ($4.93M), South Korea ($4.91M), and Australia ($2.51M).

COMPANIES In 2023, leading companies such as WISMETTAC ASIAN FOODS,INC. (78) and TOYOTA MOTOR MANUFACTURING (2) were at the forefront of shipping Sauces and Seasonings from Japan to the United States.

Latest Trends

February 2024

About

Overview In February 2024 Japan's Sauces and Seasonings exports accounted up to ¥6.21B and imports accounted up to ¥4.21B, resulting in a positive trade balance of ¥2.01B. Between February 2023 and February 2024 the exports of Japan's Sauces and Seasonings have increased by ¥1.32B (27.1%) from ¥4.89B to ¥6.21B, while imports increased by ¥725M (20.8%) from ¥3.48B to ¥4.21B.

Destinations In February 2024, Sauces and Seasonings were exported mostly to United States (¥1.27B), Chinese Taipei (¥690M), South Korea (¥488M), Hong Kong (¥413M), and Australia (¥317M), and were imported mostly from Thailand (¥959M), China (¥719M), United States (¥626M), South Korea (¥374M), and Vietnam (¥368M).

Growth In February 2024, the increase in Sauces and Seasonings's year-by-year exports was explained primarily by an increase in exports to China (¥132M or 239%), Australia (¥68.9M or 31.1%), and Spain (¥21.1M or 71.1%). In February 2024, the increase in Sauces and Seasonings's year-by-year imports was explained primarily by an increase in imports from China (¥299M or 86.6%), New Zealand (¥144M or 55.3%), and Canada (¥59.7M or 101%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)¥1.32B(27.1%)

IMPORT GROWTH (February 2023 - February 2024)¥725M(20.8%)

MAIN EXPORTER (February 2024)Tokyo¥2.25B

MAIN DESTINATION (February 2024)United States¥1.27B

This section shows Sauces and Seasonings'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 Sauces and Seasonings over time.

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