String Instruments in Japan | The Observatory of Economic Complexity

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Exports In 2022, Japan exported $14.9M in String Instruments, making it the 11th largest exporter of String Instruments in the world. At the same year, String Instruments was the 721st most exported product in Japan. The main destination of String Instruments exports from Japan are: United States ($3.17M), China ($2.22M), Vietnam ($1.31M), Germany ($1.2M), and United Kingdom ($1.04M).

The fastest growing export markets for String Instruments of Japan between 2021 and 2022 were United States ($1.66M), Vietnam ($989k), and United Kingdom ($274k).

Imports In 2022, Japan imported $59.6M in String Instruments, becoming the 3rd largest importer of String Instruments in the world. At the same year, String Instruments was the 681st most imported product in Japan. Japan imports String Instruments primarily from: China ($23.8M), United States ($14.1M), Mexico ($3.83M), Italy ($3.61M), and Indonesia ($3.37M).

The fastest growing import markets in String Instruments for Japan between 2021 and 2022 were Canada ($402k), France ($155k), and Belgium ($99k).

COMPANIES In 2023, leading companies such as YAMAHA CORPORATION OF AMERICA (240) were at the forefront of shipping String Instruments from Japan to the United States.

Latest Trends

January 2024

About

Overview In January 2024 Japan's String Instruments exports accounted up to ¥139M and imports accounted up to ¥773M, resulting in a negative trade balance of ¥634M. Between January 2023 and January 2024 the exports of Japan's String Instruments have increased by ¥35.4M (34.3%) from ¥103M to ¥139M, while imports increased by ¥284M (58.2%) from ¥488M to ¥773M.

Destinations In January 2024, String Instruments were exported mostly to United States (¥65.8M), Vietnam (¥11.9M), Taiwan (¥10.2M), Germany (¥8.01M), and Canada (¥6.59M), and were imported mostly from China (¥248M), United States (¥229M), Indonesia (¥88.7M), Italy (¥67.4M), and Mexico (¥37M).

Growth In January 2024, the increase in String Instruments's year-by-year exports was explained primarily by an increase in exports to United States (¥37.6M or 536%), China (¥14.2M or 916%), and Australia (¥2.62M or 354%). In January 2024, the increase in String Instruments's year-by-year imports was explained primarily by an increase in imports from United States (¥32.4M or 35.8%), Germany (¥18M or 152%), and Vietnam (¥1.61M or 121%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)¥35.4M(34.3%)

IMPORT GROWTH (January 2023 - January 2024)¥284M(58.2%)

MAIN EXPORTER (January 2024)Aichi¥50M

MAIN DESTINATION (January 2024)United States¥65.8M

This section shows String Instruments'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 String Instruments over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$14.9M

IMPORTS (2022)$59.6M

NET TRADE (2022)-$44.7M

In 2022, Japan exported $14.9M in String Instruments. The main destinations of Japan exports on String Instruments were United States ($3.17M), China ($2.22M), Vietnam ($1.31M), Germany ($1.2M), and United Kingdom ($1.04M).

In 2022, Japan imported $59.6M in String Instruments, mainly from China ($23.8M), United States ($14.1M), Mexico ($3.83M), Italy ($3.61M), and Indonesia ($3.37M).

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