Japan's tape import and export volume doubled last year

Recently, the Japan Belt Industry Association announced the import and export performance of tapes in 2022 based on trade statistics compiled by the Japanese Ministry of Finance. The data shows that in 2022, Japan's rubber belt exports will total 45.89 billion yen, a year-on-year increase of 13%; imports will be 12.18 billion yen, a year-on-year increase of 40%. Both exports and imports have shown double-digit growth for two consecutive years.

According to the statistics of export value, among the top 10 export destinations, except for Indonesia and Hong Kong, which ranked 8th, all others have increased. In particular, the United States, which ranks first, and mainland China, which ranks second, both experienced substantial growth. According to the statistics of product types, the export value of conveyor belts reached 8.82 billion yen, a year-on-year increase of 32%; the export value of V-belts reached 14.74 billion yen, a year-on-year increase of 15%; the export value of toothed belts reached 8.42 billion yen, a year-on-year increase of 13% ; The export value of other products was 13.91 billion yen, a year-on-year increase of 3%.

In terms of import volume, except for the third-ranked Indonesia, which was the same as the same period last year, the import volume of other import sources has increased. In particular, mainland China, which ranks first, has increased by 75% year-on-year, accounting for nearly half of Japan's tape imports. According to the statistics of product types, the import value of conveyor belts reached 760 million yen, a year-on-year increase of 62%; the import value of V-belts reached 3.17 billion yen, a year-on-year increase of 15%; the import value of toothed belts reached 150 million yen, a year-on-year increase of 27% ; The import value of other products was 1.80 billion yen, a year-on-year increase of 23%.