Diesel Engine Market - Japan Maintained Strong Positions in Diesel Engine Exports in 2014

Engines And Turbines July 20, 2015
Author: Alexander Romanenko
Chief Executive Officer

diesel engine market

Japan held onto its second place position in the global diesel engine trade. In 2014, Japan exported 222 thousand tonnes of diesel engines totaling 3.1 billion USD, 1% over the previous year. Its primary trading partner was the U.S., where it supplied 32.8% of its total diesel engine exports in value terms, accounting for 35.6% of the U.S.'s total imports.

From 2007 to 2014, Japan was a net exporter on the diesel engine market. Over this period, exports consistently exceeded imports in value terms. In physical terms, this difference was even more pronounced.

The U.S. and Germany were among the other main global suppliers of diesel engines in 2014. However, the fastest growing exporters from 2007 to 2014 were China (+12.1% per year) and France (+12.6% per year).

Japan's top 5 trading partners in 2014 were the U.S., China, the Republic of Korea, France and Germany, with a combined 71.1% share of Japan's diesel engine exports. The share of the U.S. increased significantly (+6.4 percentage points), while the share of the Netherlands illustrated negative dynamics (-2.6 percentage points).

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Source: World: Diesel Engines (Other Than For Motor Vehicles And Aircraft) - Market Report. Analysis and Forecast to 2020