Gaskets in Japan | The Observatory of Economic Complexity

About

Exports In 2022, Japan exported $397M in Gaskets, making it the 4th largest exporter of Gaskets in the world. At the same year, Gaskets was the 231st most exported product in Japan. The main destination of Gaskets exports from Japan are: United States ($88.3M), China ($44.7M), Thailand ($31.1M), United Arab Emirates ($29.4M), and Indonesia ($19.7M).

The fastest growing export markets for Gaskets of Japan between 2021 and 2022 were Canada ($3.18M), United Arab Emirates ($3.09M), and Saudi Arabia ($2.42M).

Imports In 2022, Japan imported $94.3M in Gaskets, becoming the 15th largest importer of Gaskets in the world. At the same year, Gaskets was the 583rd most imported product in Japan. Japan imports Gaskets primarily from: United States ($18.3M), China ($18.1M), Indonesia ($9.56M), Germany ($8.22M), and Vietnam ($7.3M).

The fastest growing import markets in Gaskets for Japan between 2021 and 2022 were Germany ($1.25M), South Korea ($800k), and Mexico ($686k).

COMPANIES In 2023, leading companies such as SCHAEFFLER GROUP (2) were at the forefront of shipping Gaskets from Japan to the United States.

Latest Trends

February 2024

About

Overview In February 2024 Japan's Gaskets exports accounted up to ¥6.2B and imports accounted up to ¥2.48B, resulting in a positive trade balance of ¥3.73B. Between February 2023 and February 2024 the exports of Japan's Gaskets have increased by ¥959M (18.3%) from ¥5.24B to ¥6.2B, while imports increased by ¥443M (21.8%) from ¥2.03B to ¥2.48B.

Destinations In February 2024, Gaskets were exported mostly to United States (¥1.38B), China (¥784M), United Arab Emirates (¥328M), Thailand (¥286M), and Singapore (¥279M), and were imported mostly from United States (¥1.02B), Germany (¥315M), China (¥283M), South Korea (¥112M), and Indonesia (¥104M).

Growth In February 2024, the increase in Gaskets's year-by-year exports was explained primarily by an increase in exports to Saudi Arabia (¥137M or 155%), Singapore (¥114M or 78.2%), and United States (¥113M or 14.5%). In February 2024, the increase in Gaskets's year-by-year imports was explained primarily by an increase in imports from United States (¥43.5M or 8.43%), Czechia (¥25.8M or 114%), and Chinese Taipei (¥24.8M or 25.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)¥959M(18.3%)

IMPORT GROWTH (February 2023 - February 2024)¥443M(21.8%)

MAIN EXPORTER (February 2024)Aichi¥1.77B

MAIN DESTINATION (February 2024)United States¥1.38B

This section shows Gaskets'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 Gaskets over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$397M

IMPORTS (2022)$94.3M

NET TRADE (2022)$303M

In 2022, Japan exported $397M in Gaskets. The main destinations of Japan exports on Gaskets were United States ($88.3M), China ($44.7M), Thailand ($31.1M), United Arab Emirates ($29.4M), and Indonesia ($19.7M).

In 2022, Japan imported $94.3M in Gaskets, mainly from United States ($18.3M), China ($18.1M), Indonesia ($9.56M), Germany ($8.22M), and Vietnam ($7.3M).

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