Flat-Rolled Iron in Japan | The Observatory of Economic Complexity

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Exports In 2022, Japan exported $418M in Flat-Rolled Iron, making it the 4th largest exporter of Flat-Rolled Iron in the world. At the same year, Flat-Rolled Iron was the 221st most exported product in Japan. The main destination of Flat-Rolled Iron exports from Japan are: China ($65.9M), South Korea ($47.4M), United States ($45.8M), India ($42.2M), and Indonesia ($29.6M).

The fastest growing export markets for Flat-Rolled Iron of Japan between 2021 and 2022 were India ($33.1M), United States ($15.3M), and Singapore ($11.3M).

Imports In 2022, Japan imported $76.7M in Flat-Rolled Iron, becoming the 20th largest importer of Flat-Rolled Iron in the world. At the same year, Flat-Rolled Iron was the 638th most imported product in Japan. Japan imports Flat-Rolled Iron primarily from: China ($52.5M), Sweden ($6.92M), Austria ($4.8M), South Korea ($2.61M), and Germany ($2.39M).

The fastest growing import markets in Flat-Rolled Iron for Japan between 2021 and 2022 were Germany ($1.42M), Switzerland ($890k), and Austria ($875k).

COMPANIES In 2023, leading companies such as CNH INDUSTRIAL AMERICA LLC (1) were at the forefront of shipping Flat-Rolled Iron from Japan to the United States.

Latest Trends

February 2024

About

Overview In February 2024 Japan's Flat-Rolled Iron exports accounted up to ¥2.89B and imports accounted up to ¥560M, resulting in a positive trade balance of ¥2.33B. Between February 2023 and February 2024 the exports of Japan's Flat-Rolled Iron have decreased by ¥-1.06B (-26.9%) from ¥3.95B to ¥2.89B, while imports decreased by ¥-159M (-22.1%) from ¥719M to ¥560M.

Destinations In February 2024, Flat-Rolled Iron were exported mostly to China (¥516M), Vietnam (¥328M), United States (¥299M), Netherlands (¥284M), and Thailand (¥200M), and were imported mostly from China (¥505M), United States (¥15.8M), South Korea (¥13.8M), Sweden (¥12.6M), and Austria (¥7.16M).

Growth In February 2024, the decrease in Flat-Rolled Iron's year-by-year exports was explained primarily by a decrease in exports to United States (¥-117M or -32.8%), Thailand (¥-104M or -48%), and Philippines (¥-79.2M or -85.3%). In February 2024, the decrease in Flat-Rolled Iron's year-by-year imports was explained primarily by a decrease in imports from Sweden (¥-28M or -36.5%), South Korea (¥-26M or -82%), and China (¥-2.56M or -0.38%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)¥-1.06B(-26.9%)

IMPORT GROWTH (February 2023 - February 2024)¥-159M(-22.1%)

MAIN EXPORTER (February 2024)Kanagawa¥704M

MAIN DESTINATION (February 2024)China¥516M

This section shows Flat-Rolled Iron'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 Flat-Rolled Iron over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$418M

IMPORTS (2022)$76.7M

NET TRADE (2022)$341M

In 2022, Japan exported $418M in Flat-Rolled Iron. The main destinations of Japan exports on Flat-Rolled Iron were China ($65.9M), South Korea ($47.4M), United States ($45.8M), India ($42.2M), and Indonesia ($29.6M).

In 2022, Japan imported $76.7M in Flat-Rolled Iron, mainly from China ($52.5M), Sweden ($6.92M), Austria ($4.8M), South Korea ($2.61M), and Germany ($2.39M).

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