Pig Iron in Japan | The Observatory of Economic Complexity

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Exports In 2022, Japan exported $44.8M in Pig Iron, making it the 16th largest exporter of Pig Iron in the world. At the same year, Pig Iron was the 560th most exported product in Japan. The main destination of Pig Iron exports from Japan are: South Korea ($16.8M), Thailand ($12.3M), Chinese Taipei ($5.09M), Vietnam ($3.89M), and China ($3.25M).

The fastest growing export markets for Pig Iron of Japan between 2021 and 2022 were Thailand ($9.57M), South Korea ($6.22M), and Chinese Taipei ($4.51M).

Imports In 2022, Japan imported $58.1M in Pig Iron, becoming the 17th largest importer of Pig Iron in the world. At the same year, Pig Iron was the 690th most imported product in Japan. Japan imports Pig Iron primarily from: Russia ($23.4M), China ($14.3M), South Africa ($12.1M), India ($2.68M), and Brazil ($2.29M).

The fastest growing import markets in Pig Iron for Japan between 2021 and 2022 were China ($10.8M), South Africa ($4.24M), and India ($1.85M).

Latest Trends

February 2024

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Overview In February 2024 Japan's Pig Iron exports accounted up to ¥652M and imports accounted up to ¥525M, resulting in a positive trade balance of ¥127M. Between February 2023 and February 2024 the exports of Japan's Pig Iron have decreased by ¥-480M (-42.4%) from ¥1.13B to ¥652M, while imports decreased by ¥-273M (-34.2%) from ¥798M to ¥525M.

Destinations In February 2024, Pig Iron were exported mostly to South Korea (¥578M), Vietnam (¥36.5M), Chinese Taipei (¥19.8M), Indonesia (¥11.8M), and Thailand (¥4.35M), and were imported mostly from South Africa (¥521M) and Brazil (¥4.25M).

Growth In February 2024, the decrease in Pig Iron's year-by-year exports was explained primarily by a decrease in exports to Indonesia (¥-35.6M or -70.1%) and Thailand (¥-17.8M or -62.3%). In February 2024, the decrease in Pig Iron's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)¥-480M(-42.4%)

IMPORT GROWTH (November 2022 - February 2024)¥-273M(-34.2%)

MAIN EXPORTER (February 2024)Hyōgo¥438M

MAIN DESTINATION (February 2024)South Korea¥578M

This section shows Pig 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 Pig Iron over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$44.8M

IMPORTS (2022)$58.1M

NET TRADE (2022)-$13.3M

In 2022, Japan exported $44.8M in Pig Iron. The main destinations of Japan exports on Pig Iron were South Korea ($16.8M), Thailand ($12.3M), Chinese Taipei ($5.09M), Vietnam ($3.89M), and China ($3.25M).

In 2022, Japan imported $58.1M in Pig Iron, mainly from Russia ($23.4M), China ($14.3M), South Africa ($12.1M), India ($2.68M), and Brazil ($2.29M).

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