{
  "template": "Corridor pair risk profile",
  "pageType": "Corridor pair risk profile",
  "source": "api",
  "generatedAt": "2026-08-29T11:47:54.068Z",
  "seo": {
    "title": "Japan exports to Marshall Isds: Trade Route Risk | Yugalinks",
    "description": "Understand reported exports from Japan to Marshall Isds, the product routes that need a closer look, and the conditions that may affect planning."
  },
  "publisher": {
    "name": "Yugalinks",
    "url": "https://www.yugalinks.com",
    "email": "support@yugalinks.com",
    "linkedin": "https://in.linkedin.com/company/yugalinks"
  },
  "exporter": {
    "iso3": "JPN",
    "country_name": "Japan"
  },
  "importer": {
    "iso3": "MHL",
    "country_name": "Marshall Isds"
  },
  "latestYear": 2024,
  "risk": {
    "exporter_iso3": "JPN",
    "importer_iso3": "MHL",
    "all_history_lane_count": 12,
    "current_lane_count": 7,
    "current_product_count": 7,
    "first_observed_last_year": 2003,
    "latest_data_year": 2024,
    "current_trade_usd": 1225690495.308999,
    "attention_trade_usd": 185615341.84899986,
    "critical_trade_usd": 0,
    "high_volatility_trade_usd": 18716846.817999996,
    "unrecovered_drawdown_trade_usd": 167496144.54199988,
    "declining_demand_trade_usd": 0,
    "concentrated_market_trade_usd": 1225690495.308999,
    "access_friction_trade_usd": 0,
    "buyer_macro_weakness_trade_usd": 0,
    "critical_lane_count": 0,
    "high_attention_lane_count": 4,
    "high_volatility_lane_count": 5,
    "unrecovered_drawdown_lane_count": 1,
    "declining_demand_lane_count": 0,
    "concentrated_market_lane_count": 7,
    "access_friction_lane_count": 0,
    "trade_weighted_volatility_cv": 0.7532564371900156,
    "trade_weighted_below_peak_pct": 30.56181041311597,
    "product_concentration_hhi": 7380.606740867955,
    "top1_product_share_pct": 84.80750303011403,
    "top3_product_share_pct": 99.70465952507142,
    "top_product_hs6": "890190",
    "top_product_trade_usd": 1039477503.9489992,
    "top_product_description": "Vessels: n.e.s. in heading no. 8901, for the transport of goods and other vessels for the transport of both persons and goods",
    "top_attention_product_hs6": "890120",
    "top_attention_product_reason": "Current trade remains more than 50% below its historical peak",
    "distance_km": 4509.0693359375,
    "shares_land_border": 0,
    "shares_official_language": 0,
    "common_spoken_language_score": 0.11760000139474869,
    "has_reported_fta": 0,
    "avg_applied_tariff_pct": null,
    "avg_mfn_tariff_pct": null,
    "avg_preferential_tariff_pct": null,
    "tariff_advantage_pp": null,
    "buyer_biz_entry_days": 17,
    "buyer_biz_entry_cost_pct": null,
    "buyer_gdp_mn_latest": 248.6656,
    "buyer_gdp_pc_latest": 4171,
    "buyer_population_latest": 59.618,
    "buyer_gdp_5y_cagr_pct": 4.490832668578526,
    "buyer_gdp_pc_5y_cagr_pct": 7.861183395493954,
    "buyer_population_5y_cagr_pct": -3.124711430763172,
    "buyer_investment_5y_avg_pct": null,
    "buyer_savings_5y_avg_pct": null,
    "buyer_macro_resilience_label": "Buyer macro trend resilient",
    "attention_trade_share_pct": 15.143736739363867,
    "critical_trade_share_pct": 0,
    "risk_driver_labels": [
      "high_volatility",
      "unrecovered_drawdown",
      "concentrated_product_mix",
      "concentrated_buyer_markets"
    ],
    "attention_level": "Watch",
    "primary_risk_reason": "Buyer-market concentration is the largest observed corridor exposure",
    "buyer_gdp_mn_2024": 248.6656,
    "buyer_gdp_pc_2024": 4171,
    "buyer_population_2024": 59.618
  },
  "history": [
    {
      "year": 1995,
      "exporter_iso3": "JPN",
      "importer_iso3": "MHL",
      "export_value_usd": 173681449,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    },
    {
      "year": 1996,
      "exporter_iso3": "JPN",
      "importer_iso3": "MHL",
      "export_value_usd": 312880934,
      "yoy_growth_pct": 80.14643233429035,
      "cagr_3y_pct": null
    },
    {
      "year": 1997,
      "exporter_iso3": "JPN",
      "importer_iso3": "MHL",
      "export_value_usd": 319117631,
      "yoy_growth_pct": 1.9933132135178333,
      "cagr_3y_pct": null
    },
    {
      "year": 1998,
      "exporter_iso3": "JPN",
      "importer_iso3": "MHL",
      "export_value_usd": 3464490.9999999995,
      "yoy_growth_pct": -98.91435299605868,
      "cagr_3y_pct": -72.87964721543538
    },
    {
      "year": 1999,
      "exporter_iso3": "JPN",
      "importer_iso3": "MHL",
      "export_value_usd": 186378072.49999997,
      "yoy_growth_pct": 5279.666811084226,
      "cagr_3y_pct": -15.859470858887104
    },
    {
      "year": 2000,
      "exporter_iso3": "JPN",
      "importer_iso3": "MHL",
      "export_value_usd": 114293533,
      "yoy_growth_pct": -38.67651303240084,
      "cagr_3y_pct": -28.983878026154784
    },
    {
      "year": 2001,
      "exporter_iso3": "JPN",
      "importer_iso3": "MHL",
      "export_value_usd": 88915445.00000001,
      "yoy_growth_pct": -22.20430792002902,
      "cagr_3y_pct": 194.9709563791328
    },
    {
      "year": 2002,
      "exporter_iso3": "JPN",
      "importer_iso3": "MHL",
      "export_value_usd": 152787523.5,
      "yoy_growth_pct": 71.83462726863705,
      "cagr_3y_pct": -6.4096599607264775
    },
    {
      "year": 2003,
      "exporter_iso3": "JPN",
      "importer_iso3": "MHL",
      "export_value_usd": 130480911.99999999,
      "yoy_growth_pct": -14.59975984230153,
      "cagr_3y_pct": 4.514153797233944
    },
    {
      "year": 2004,
      "exporter_iso3": "JPN",
      "importer_iso3": "MHL",
      "export_value_usd": 265088152.49999988,
      "yoy_growth_pct": 103.16240010646149,
      "cagr_3y_pct": 43.92548579227646
    },
    {
      "year": 2005,
      "exporter_iso3": "JPN",
      "importer_iso3": "MHL",
      "export_value_usd": 203526262.99999985,
      "yoy_growth_pct": -23.223176486546325,
      "cagr_3y_pct": 10.029934806278874
    },
    {
      "year": 2006,
      "exporter_iso3": "JPN",
      "importer_iso3": "MHL",
      "export_value_usd": 366600062.9999997,
      "yoy_growth_pct": 80.12420490420934,
      "cagr_3y_pct": 41.10698654087444
    },
    {
      "year": 2007,
      "exporter_iso3": "JPN",
      "importer_iso3": "MHL",
      "export_value_usd": 597802021.3333329,
      "yoy_growth_pct": 63.066535352268446,
      "cagr_3y_pct": 31.136127185916273
    },
    {
      "year": 2008,
      "exporter_iso3": "JPN",
      "importer_iso3": "MHL",
      "export_value_usd": 776997411.8849056,
      "yoy_growth_pct": 29.9757083711254,
      "cagr_3y_pct": 56.29066458764831
    },
    {
      "year": 2009,
      "exporter_iso3": "JPN",
      "importer_iso3": "MHL",
      "export_value_usd": 832831767.3501861,
      "yoy_growth_pct": 7.185912669880445,
      "cagr_3y_pct": 31.458371834574095
    },
    {
      "year": 2010,
      "exporter_iso3": "JPN",
      "importer_iso3": "MHL",
      "export_value_usd": 1984460379.6114843,
      "yoy_growth_pct": 138.27866051812907,
      "cagr_3y_pct": 49.174646640157604
    },
    {
      "year": 2011,
      "exporter_iso3": "JPN",
      "importer_iso3": "MHL",
      "export_value_usd": 1868299294.333332,
      "yoy_growth_pct": -5.853535120761344,
      "cagr_3y_pct": 33.97043242921778
    },
    {
      "year": 2012,
      "exporter_iso3": "JPN",
      "importer_iso3": "MHL",
      "export_value_usd": 1696957780.5999987,
      "yoy_growth_pct": -9.170988516295154,
      "cagr_3y_pct": 26.77625496014837
    },
    {
      "year": 2013,
      "exporter_iso3": "JPN",
      "importer_iso3": "MHL",
      "export_value_usd": 827373835.8319465,
      "yoy_growth_pct": -51.24369944316415,
      "cagr_3y_pct": -25.294407105656614
    },
    {
      "year": 2014,
      "exporter_iso3": "JPN",
      "importer_iso3": "MHL",
      "export_value_usd": 1184153883,
      "yoy_growth_pct": 43.12198811668993,
      "cagr_3y_pct": -14.101173415137168
    },
    {
      "year": 2015,
      "exporter_iso3": "JPN",
      "importer_iso3": "MHL",
      "export_value_usd": 1610724803.4441562,
      "yoy_growth_pct": 36.02326746279445,
      "cagr_3y_pct": -1.7234045543543908
    },
    {
      "year": 2016,
      "exporter_iso3": "JPN",
      "importer_iso3": "MHL",
      "export_value_usd": 1459501043.9999998,
      "yoy_growth_pct": -9.388553471133,
      "cagr_3y_pct": 20.827987596252395
    },
    {
      "year": 2017,
      "exporter_iso3": "JPN",
      "importer_iso3": "MHL",
      "export_value_usd": 1325514430.7649994,
      "yoy_growth_pct": -9.180302664792094,
      "cagr_3y_pct": 3.830617997111041
    },
    {
      "year": 2018,
      "exporter_iso3": "JPN",
      "importer_iso3": "MHL",
      "export_value_usd": 1340330992.3869994,
      "yoy_growth_pct": 1.117797081503591,
      "cagr_3y_pct": -5.941747776830663
    },
    {
      "year": 2019,
      "exporter_iso3": "JPN",
      "importer_iso3": "MHL",
      "export_value_usd": 1314902885.0915,
      "yoy_growth_pct": -1.8971513335086287,
      "cagr_3y_pct": -3.4179492222027097
    },
    {
      "year": 2020,
      "exporter_iso3": "JPN",
      "importer_iso3": "MHL",
      "export_value_usd": 1289645018.3215,
      "yoy_growth_pct": -1.9208921857557848,
      "cagr_3y_pct": -0.9102860084023945
    },
    {
      "year": 2021,
      "exporter_iso3": "JPN",
      "importer_iso3": "MHL",
      "export_value_usd": 1202524915.3110003,
      "yoy_growth_pct": -6.755355293341758,
      "cagr_3y_pct": -3.551826437695027
    },
    {
      "year": 2022,
      "exporter_iso3": "JPN",
      "importer_iso3": "MHL",
      "export_value_usd": 1234759514.8909996,
      "yoy_growth_pct": 2.680576441250926,
      "cagr_3y_pct": -2.0744015334029253
    },
    {
      "year": 2023,
      "exporter_iso3": "JPN",
      "importer_iso3": "MHL",
      "export_value_usd": 1140571610.927,
      "yoy_growth_pct": -7.628036295983842,
      "cagr_3y_pct": -4.011886224525874
    },
    {
      "year": 2024,
      "exporter_iso3": "JPN",
      "importer_iso3": "MHL",
      "export_value_usd": 1265357308.096999,
      "yoy_growth_pct": 10.940628012701392,
      "cagr_3y_pct": 1.7121961109378692
    }
  ],
  "riskLanes": [
    {
      "exporter_iso3": "JPN",
      "importer_iso3": "MHL",
      "hs_code": "890190",
      "hs_description": "Vessels: n.e.s. in heading no. 8901, for the transport of goods and other vessels for the transport of both persons and goods",
      "buyer_imports_latest_usd": 6109203439.196996,
      "current_below_peak_pct": 22.813358871335602,
      "lane_volatility_cv": 0.7371193479529481,
      "attention_level": "Watch",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": [
        "concentrated_buyer_market"
      ]
    },
    {
      "exporter_iso3": "JPN",
      "importer_iso3": "MHL",
      "hs_code": "890120",
      "hs_description": "Tankers",
      "buyer_imports_latest_usd": 1697673256.9736643,
      "current_below_peak_pct": 81.93405157350652,
      "lane_volatility_cv": 0.778537663742914,
      "attention_level": "High attention",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "unrecovered_drawdown",
        "concentrated_buyer_market"
      ]
    },
    {
      "exporter_iso3": "JPN",
      "importer_iso3": "MHL",
      "hs_code": "840999",
      "hs_description": "Engines: parts for internal combustion piston engines (excluding spark-ignition)",
      "buyer_imports_latest_usd": 66202556.28232835,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.4217089558302107,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market",
        "dominant_supplier"
      ]
    },
    {
      "exporter_iso3": "JPN",
      "importer_iso3": "MHL",
      "hs_code": "842199",
      "hs_description": "Machinery: parts for filtering or purifying liquids or gases",
      "buyer_imports_latest_usd": 11298441.663999999,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.372286351349788,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market",
        "dominant_supplier"
      ]
    },
    {
      "exporter_iso3": "JPN",
      "importer_iso3": "MHL",
      "hs_code": "848790",
      "hs_description": "Machinery parts: not containing electrical connectors, insulators, coils, contacts or other electrical features, n.e.c. in chapter 84",
      "buyer_imports_latest_usd": 179946482.5679999,
      "current_below_peak_pct": 15.940242540160646,
      "lane_volatility_cv": 1.4785483091342906,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market",
        "dominant_supplier"
      ]
    },
    {
      "exporter_iso3": "JPN",
      "importer_iso3": "MHL",
      "hs_code": "847990",
      "hs_description": "Machines and mechanical appliances: parts, of those having individual functions",
      "buyer_imports_latest_usd": 13105893.503,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.4771963622856235,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market",
        "dominant_supplier"
      ]
    },
    {
      "exporter_iso3": "JPN",
      "importer_iso3": "MHL",
      "hs_code": "842139",
      "hs_description": "Machinery: for filtering or purifying gases, other than intake air filters for internal combustion engines",
      "buyer_imports_latest_usd": 18757296.751,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.474784944680459,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market",
        "dominant_supplier"
      ]
    }
  ],
  "accessProfile": {
    "year": 2024,
    "exporter_iso3": "JPN",
    "importer_iso3": "MHL",
    "distance_km": 4523,
    "shares_land_border": 0,
    "shares_official_language": 0,
    "shares_ethnic_language": 0,
    "shared_religion": null,
    "shared_legal_system": 0,
    "shared_colonial_history": 0,
    "has_fta": 0,
    "rta_coverage_ratio": null,
    "exporter_is_wto": 1,
    "importer_is_wto": 0,
    "exporter_is_eu": 0,
    "importer_is_eu": 0,
    "importer_gdp_million_usd": 248.6656,
    "importer_gdp_per_capita_usd": 4170.98191821262,
    "importer_population": 59.618,
    "importer_biz_entry_days": 17,
    "importer_biz_entry_cost_pct": 12.9,
    "exporter_gdp_million_usd": 4937421.880461999,
    "exporter_gdp_per_capita_usd": 39285.162481125415,
    "avg_applied_tariff_pct": null,
    "avg_mfn_tariff_pct": null,
    "avg_preferential_tariff_pct": null,
    "tariff_advantage_pp": null
  },
  "sourceAttribution": {
    "publisher": "OECD",
    "dataset": "Balanced international merchandise trade statistics (BIMTS) - HS2017-6D",
    "year": 2025,
    "citation": "OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-29)",
    "sourceUrl": "https://data-explorer.oecd.org/",
    "dataflowUrl": "https://sdmx.oecd.org/sti-public/rest/dataflow/OECD.SDD.TPS/DSD_BIMTS_6D@DF_BIMTS_HS2017_6D/1.0",
    "termsUrl": "https://www.oecd.org/termsandconditions/",
    "terms": "OECD Terms & Conditions",
    "accessed": "2026-08-29",
    "supportingSources": [
      {
        "publisher": "CEPII",
        "dataset": "BACI bilateral trade flows",
        "release": "202601",
        "citation": "Gaulier, G. and Zignago, S. (2010), BACI: International Trade Database at the Product-Level. The 1994-2007 Version, CEPII Working Paper No. 2010-23.",
        "sourceUrl": "https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html",
        "datasetUrl": "https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37",
        "licenseUrl": "https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf",
        "license": "Etalab 2.0 Open Licence",
        "accessed": "2026-08-29"
      }
    ]
  },
  "links": {
    "canonical": "https://www.yugalinks.com/trade/corridor/JPN-MHL/risk",
    "html": "https://www.yugalinks.com/trade/corridor/JPN-MHL/risk/index.html",
    "markdown": "https://www.yugalinks.com/trade/corridor/JPN-MHL/risk/index.md",
    "json": "https://www.yugalinks.com/trade/corridor/JPN-MHL/risk/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/corridor/JPN-MHL/risk/index.ld.json",
    "home": "https://www.yugalinks.com/",
    "tradeHub": "https://www.yugalinks.com/trade/",
    "dataSources": "https://www.yugalinks.com/data-sources",
    "methodology": "https://www.yugalinks.com/methodology",
    "workspace": "https://www.yugalinks.com/app/corridors",
    "contact": "https://www.yugalinks.com/contact",
    "email": "mailto:support@yugalinks.com",
    "linkedin": "https://in.linkedin.com/company/yugalinks"
  }
}