Country page
Japan’s route dependence remains extremely high, though strategic stocks materially dampen the first-order supply shock.
Hormuz exposure
87%
Oil stock cover
179 days
Fertilizer
36/100
Helium
58/100
Country narrative
Industrial helium demand keeps laboratory and medical procurement on the watchlist.
Reserve depth lowers the chance of immediate physical shortage.
Direct oil dependence sits at 88% of the country’s external energy risk profile, while gas-linked downstream exposure remains notable at 10%.
Oil dependence
88%
Gas dependence
10%
Risk score
63 / 100
Reserve stress
Related commodities
Oil
Stress score
76 / 100
Route dependence
84%
7d move
+6.8%
Crude remains the most immediate transmission channel, with freight, insurance, and strategic stock policy all shaping spot balances.
Gas
Stress score
74 / 100
Route dependence
61%
7d move
+5.4%
Asian LNG replacement prices are rising as buyers scenario-plan longer Gulf loading and transit assumptions.
Industrial Gas
Stress score
61 / 100
Route dependence
41%
7d move
+3.1%
Helium is a narrower market, but even modest logistics friction can affect hospitals, fabs, aerospace supply chains, and research labs.
Live snippets
17:24 HKT · Freight
Brokers are quoting wider ranges for April fixtures as owners price in scheduling slack and higher perceived transit risk.
16:58 HKT · Reserves
Current official posture remains preparatory, but contingency coordination has become more active across Asia.
16:11 HKT · Nitrogen
Tender timing is turning from opportunistic to defensive in South Asia, with price secondary to volume certainty.
15:36 HKT · LNG
The move reflects longer expected Gulf turnaround assumptions rather than confirmed physical outages.