Japan Import Data in 2023 - Tendata

tendata blogImport News

ten data blog10-05-2024

Tendata's provided Japan import data shows that in 2023, the total value of imported products into Japan reached $785.9 billion. Compared to $905.1 billion in 2022, the total value of Japan's imported goods decreased by -13.2%.

From a continental perspective, based on the Japan import data provided by Tendata, 59.4% of Japan's total imports in 2023 were purchased from other Asian countries. European trading partners supplied 13.4% of Japan's import purchases, while an additional 13.2% of the value came from North American suppliers. Proportions from Oceania (9.1%), Latin America led by Australia and Papua New Guinea (3.4%), and Africa (1.4%) were smaller.

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Top 10 Import Products for Japan

Looking at 2-digit HS codes, Japan import data shows that the top ten imported products account for over two-thirds (68.4%) of the total value of products purchased from other countries:

1. Mineral fuels including oil: $195.5 billion (24.9% of total imports)

2. Machinery and equipment: $114.9 billion (14.6%)

3. Machinery including computers: $69.4 billion (8.8%)

4. Pharmaceuticals: $30.8 billion (3.9%)

5. Optical, technical, medical equipment: $28.7 billion (3.7%)

6. Ores, slag, ash: $26.5 billion (3.4%)

7. Vehicles: $24.9 billion (3.2%)

8. Plastics and plastic products: $16.1 billion (2%)

9. Organic chemicals: $15.3 billion (1.9%)

10. Precious stones and metals: $15 billion (1.9%)

Among the top 10 import categories in Japan, the value of automobiles saw the fastest growth, increasing by 63.3% from 2022 to 2023. The second-fastest-growing category of products imported into Japan was optical, technical, and medical equipment, which grew by 8.3%. The category with the most significant decline among the top products was precious stones and metals, which decreased by -26.5% since 2022. Japan's import of precious stones and metals was dragged down by declines in platinum, silver, and gold spending.

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For more specific categories of Japan's import products, according to the Japan import data provided by Tendata, the following products are the top 10 imported by Japan:

1.HS Code:740311000000(51.9%, $55.03 Million):Copper, refined, in the form of cathodes and sections of cathodes

2.HS Code:740200000000(19.79%, $20.98 Million):Copper, unrefined; copper anodes for electrolytic refining (detailed label not available)

3.HS Code:260300000000(17.86%, $18.93 Million):Copper ores and concentrates

4.HS Code:310420(2.76%, $2.92 Million):Potassium chloride for use as fertiliser (excluding that in tablets or similar forms, or in packages with a gross weight of <= 10 kg)

5.HS Code:90111000000(1.96%, $2.08 Million):Coffee (excl. roasted and decaffeinated) + detailed label not available +

6.HS Code:130212(0.75%, $0.8 Million):Extracts of liquorice (excluding that with a sucrose content by weight of > 10% or in the form of confectionery)

7.HS Code:846693000000(0.56%, $0.59 Million):Parts and accessories for machine tools for working material by removing material of headings 8456 to 8461, n.e.s. + detailed label not available +

8.HS Code:870333900000(0.31%, $0.33 Million):Motor cars and other motor vehicles principally designed for the transport of persons, incl. station wagons and racing cars, with compression-ignition internal combustion piston engine "diesel or semi-diesel engine" of a cylinder capacity > 2.500 cm‚?, u

9.HS Code:854143000000(0.26%, $0.28 Million):Photovoltaic cells assembled in modules or made up into panels

10.HS Code:870323990000(0.25%, $0.26 Million):Motor cars and other motor vehicles principally designed for the transport of persons, incl. station wagons and racing cars, with spark-ignition internal combustion reciprocating piston engine of a cylinder capacity > 1.500 cm³ but <= 3.000 cm³ (excluding

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