Drilling Machines in Japan | The Observatory of Economic Complexity

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Exports In 2022, Japan exported $166M in Drilling Machines, making it the 6th largest exporter of Drilling Machines in the world. At the same year, Drilling Machines was the 351st most exported product in Japan. The main destination of Drilling Machines exports from Japan are: China ($31M), Vietnam ($23.3M), United States ($21.6M), Thailand ($19.2M), and South Korea ($13.9M).

The fastest growing export markets for Drilling Machines of Japan between 2021 and 2022 were Thailand ($6.74M), Netherlands ($1.87M), and South Korea ($1.52M).

Imports In 2022, Japan imported $42.5M in Drilling Machines, becoming the 19th largest importer of Drilling Machines in the world. At the same year, Drilling Machines was the 764th most imported product in Japan. Japan imports Drilling Machines primarily from: Germany ($21M), China ($4.41M), Poland ($4.27M), South Korea ($3.24M), and Chinese Taipei ($2.86M).

The fastest growing import markets in Drilling Machines for Japan between 2021 and 2022 were Poland ($2.82M), South Korea ($969k), and Netherlands ($753k).

COMPANIES In 2023, leading companies such as TOYOTA MOTOR MANUFACTURING (1) and PANASONIC INDUSTRIAL DEVICES (1) were at the forefront of shipping Drilling Machines from Japan to the United States.

Latest Trends

February 2024

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Overview In February 2024 Japan's Drilling Machines exports accounted up to ¥1.27B and imports accounted up to ¥371M, resulting in a positive trade balance of ¥903M. Between February 2023 and February 2024 the exports of Japan's Drilling Machines have increased by ¥290M (29.5%) from ¥983M to ¥1.27B, while imports increased by ¥308M (496%) from ¥62.2M to ¥371M.

Destinations In February 2024, Drilling Machines were exported mostly to United States (¥469M), China (¥194M), Vietnam (¥127M), India (¥119M), and Thailand (¥102M), and were imported mostly from United States (¥164M), Switzerland (¥143M), Chinese Taipei (¥21.5M), Slovenia (¥12.6M), and China (¥12.1M).

Growth In February 2024, the increase in Drilling Machines's year-by-year exports was explained primarily by an increase in exports to United States (¥90.5M or 147%), Philippines (¥68.1M or 564%), and Singapore (¥101k or 1.69%). In February 2024, the increase in Drilling Machines's year-by-year imports was explained primarily by an increase in imports from Germany (¥60.5M or 8.82k%), Chinese Taipei (¥38.4M or 370%), and United States (¥3.91M or 451%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)¥290M(29.5%)

IMPORT GROWTH (February 2023 - February 2024)¥308M(496%)

MAIN EXPORTER (February 2024)Kanagawa¥742M

MAIN DESTINATION (February 2024)United States¥469M

This section shows Drilling Machines'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 Drilling Machines over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$166M

IMPORTS (2022)$42.5M

NET TRADE (2022)$124M

In 2022, Japan exported $166M in Drilling Machines. The main destinations of Japan exports on Drilling Machines were China ($31M), Vietnam ($23.3M), United States ($21.6M), Thailand ($19.2M), and South Korea ($13.9M).

In 2022, Japan imported $42.5M in Drilling Machines, mainly from Germany ($21M), China ($4.41M), Poland ($4.27M), South Korea ($3.24M), and Chinese Taipei ($2.86M).

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