Electric Furnaces in Japan | The Observatory of Economic Complexity

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Exports In 2022, Japan exported $355M in Electric Furnaces, making it the 5th largest exporter of Electric Furnaces in the world. At the same year, Electric Furnaces was the 251st most exported product in Japan. The main destination of Electric Furnaces exports from Japan are: China ($87.5M), United States ($73.6M), South Korea ($42.9M), Chinese Taipei ($32M), and Vietnam ($23.5M).

The fastest growing export markets for Electric Furnaces of Japan between 2021 and 2022 were Vietnam ($11.7M), Philippines ($5.12M), and United States ($4.76M).

Imports In 2022, Japan imported $139M in Electric Furnaces, becoming the 12th largest importer of Electric Furnaces in the world. At the same year, Electric Furnaces was the 491st most imported product in Japan. Japan imports Electric Furnaces primarily from: China ($50M), Germany ($15.6M), United States ($14.3M), Italy ($10.9M), and South Korea ($8.88M).

The fastest growing import markets in Electric Furnaces for Japan between 2021 and 2022 were China ($5.04M), Vietnam ($3.96M), and France ($1.73M).

COMPANIES In 2023, leading companies such as CNH INDUSTRIAL AMERICA LLC (107), YAMAHA CORPORATION OF AMERICA (28), and TOSHIBA INTERNATIONAL CORPORATION (18) were at the forefront of shipping Electric Furnaces from Japan to the United States.

Latest Trends

February 2024

About

Overview In February 2024 Japan's Electric Furnaces exports accounted up to ¥4.37B and imports accounted up to ¥1.37B, resulting in a positive trade balance of ¥3B. Between February 2023 and February 2024 the exports of Japan's Electric Furnaces have increased by ¥709M (19.3%) from ¥3.66B to ¥4.37B, while imports decreased by ¥-654M (-32.3%) from ¥2.03B to ¥1.37B.

Destinations In February 2024, Electric Furnaces were exported mostly to United States (¥927M), South Korea (¥918M), Vietnam (¥813M), China (¥484M), and Chinese Taipei (¥186M), and were imported mostly from China (¥370M), South Korea (¥216M), Chinese Taipei (¥174M), Germany (¥159M), and Vietnam (¥102M).

Growth In February 2024, the increase in Electric Furnaces's year-by-year exports was explained primarily by an increase in exports to United States (¥1B or 572%), Chinese Taipei (¥403M or 243%), and South Korea (¥301M or 57.6%). In February 2024, the decrease in Electric Furnaces's year-by-year imports was explained primarily by a decrease in imports from United States (¥-233M or -62.5%), Austria (¥-45.2M or -49.5%), and Chinese Taipei (¥-3.81M or -37.4%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)¥709M(19.3%)

IMPORT GROWTH (February 2023 - February 2024)¥-654M(-32.3%)

MAIN EXPORTER (February 2024)Kanagawa¥1.97B

MAIN DESTINATION (February 2024)United States¥927M

This section shows Electric Furnaces'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 Electric Furnaces over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$355M

IMPORTS (2022)$139M

NET TRADE (2022)$216M

In 2022, Japan exported $355M in Electric Furnaces. The main destinations of Japan exports on Electric Furnaces were China ($87.5M), United States ($73.6M), South Korea ($42.9M), Chinese Taipei ($32M), and Vietnam ($23.5M).

In 2022, Japan imported $139M in Electric Furnaces, mainly from China ($50M), Germany ($15.6M), United States ($14.3M), Italy ($10.9M), and South Korea ($8.88M).

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