Kansai | The Observatory of Economic Complexity

Kansai

Region in Japan

2023
Economic
Complexity 0.71Rank 3 of 8

Jan 2024
Trade
Exports | Imports ¥ 1.59T | ¥ 1.74T3 of 8 | 2 of 8

Jan 2024
Country
Destination | Origin China | China ¥ 373B | ¥ 510B

Image 1

Image by Manish Prabhune
Link: https://flic.kr/p/dR71DZ

Latest Trends
Historical Data
Economic Complexity

About

Overview This page contains the latest international trade data for Kansai. In January 2024 Kansai was the number 3 in total exports and the number 2 in total imports in Japan.

Exports In 2023, Japan's Kansai exported ¥ 22.7T, making it the 3rd largest exporter out of the 8 exporters in Japan. In 2023 the top exports of Kansai were Commodities not specified according to kind (¥ 1.56T), Electronic integrated circuits: memories (¥ 1.35T), Shovels and excavators with revolving superstructure (¥ 633B), Machines and apparatus of a kind... (¥ 418B), and Electric capacitors, fixed, ceramic, multilayer, (¥ 402B).

Imports In 2023, Japan's Kansai imported ¥ 23.5T, making it the 2nd largest importer out of the 8 importers in Japan. In 2023 top imports of Kansai were Petroleum oils, oils from bituminous minerals,... (¥ 2.08T), Natural gas, liquefied (¥ 1.41T), Bituminous coal, not agglomerated (¥ 561B), Medicaments nes, in dosage (¥ 559B), and Commodities not specified according to kind (¥ 552B).

Economic Complexity In 2023, the highest complexity exports of Kansai according to the product complexity index (PCI) are Developed Exposed Photographic Material (2.54), Metalworking Machines (2.2), Photographic Chemicals (2.17), Artificial Textile Machinery (2.11), Photographic Film (2.06), Metalworking Transfer Machines (2.04), Other Esters (2.03), Machinery Having Individual Functions (1.93), Non-Mechanical Removal Machinery (1.9), and Phosphoric Esters and Salts (1.84). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Latest Trends

January, 2024

About

Overview In January 2024 Kansai exported ¥1.59T and imported ¥1.74T, resulting in a negative trade balance of ¥150B. Between January 2023 and January 2024 the exports of Kansai have increased by $96.2B (6.46%) from ¥1.49T to ¥1.59T, while imports decreased by ¥-173B (-9.09%) from ¥1.91T to ¥1.74T.

Trade In January 2024, the top exports of Kansai were Integrated Circuits (¥133B), Commodities not elsewhere specified (¥121B), Large Construction Vehicles (¥62.2B), Machines and apparatus of a kind... (¥60.2B), and Packaged Medicaments (¥47.2B). In January 2024 the top imports of Kansai were Crude Petroleum (¥159B), Petroleum Gas (¥148B), Telephones (¥61.6B), Packaged Medicaments (¥57.2B), and Coal Briquettes (¥42.7B).

Destinations In January 2024, Kansai exported mostly to China (¥373B), United States (¥265B), Taiwan (¥150B), South Korea (¥98.2B), and Thailand (¥67.4B), and imported mostly from China (¥510B), United States (¥163B), Australia (¥108B), Taiwan (¥83.7B), and Saudi Arabia (¥82.6B).

Growth In January 2024, the increase in Kansai's year-by-year exports was explained primarily by an increase in exports to United States (¥48.9B or 25.2%), Philippines (¥12.2B or 46.6%), and Thailand (¥12.2B or 21.2%), and product exports increase in Oxometallic or Peroxometallic Acid Salts (¥16.8B or 121%), Iron Pipes (¥15.9B or 131%), and Refined Petroleum (¥13.9B or 43.7%). In January 2024, the decrease in Kansai's year-by-year imports was explained primarily by an decrease in imports from Spain (¥-36.5B or -81.2%), Italy (¥-17B or -54.2%), and Sweden (¥-13.4B or -60.2%), and product imports decrease in Vaccines, blood, antisera, toxins and cultures (¥-40.3B or -72%), Packaged Medicaments (¥-19.4B or -29%), and Telephones (¥-15.5B or -16%).

Latest Data

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

Product

EXPORT GROWTH (January 2023 - January 2024)¥96.2B(6.46%)

IMPORT GROWTH (January 2023 - January 2024)¥-173B(-9.09%)

This section shows exports and imports data at subnational level for Kansai. Click any date in the line plot, any subnational region in the geomap, or any product, destination or origin country to explore the exports or imports behavior of Kansai over time.

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Historical Data

Yearly Exports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Destination (2023)China¥ 5.15T

Top Product (2023)Commodities not specified according to kind¥ 1.56T

In 2023 the top export destinations of Kansai were China (¥ 5.15T), United States (¥ 3.65T), Taiwan (¥ 1.89T), South Korea (¥ 1.29T), and Hong Kong (¥ 1.01T).

In 2023 the top exports of Kansai were Commodities not specified according to kind (¥ 1.56T), Electronic integrated circuits: memories (¥ 1.35T), Shovels and excavators with revolving superstructure (¥ 633B), Machines and apparatus of a kind... (¥ 418B), and Electric capacitors, fixed, ceramic, multilayer, (¥ 402B).

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Exports Dynamics

Starting Date

Ending Date

Fastest Growing Exports Destination (Jan 2023 - Jan 2024)

China ¥ 66.2B (21.5%)

United States ¥ 22B (9.04%)

India ¥ 14.3B (46.8%)

Rapidly Declining Export Origins (Jan 2023 - Jan 2024)

Philippines ¥ -10.7B (-27.7%)

Russia ¥ -7.78B (-70.3%)

Singapore ¥ -7.78B (-15.3%)

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Yearly Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Origin (2023)China¥ 5.8T

Top Import (2023)Petroleum oils, oils from bituminous minerals,...¥ 2.08T

In 2023 the top import origins of Kansai were China (¥ 5.8T), United States (¥ 1.78T), Australia (¥ 1.37T), Saudi Arabia (¥ 1.15T), and South Korea (¥ 1.02T).

In 2023 the top imports of Kansai were Petroleum oils, oils from bituminous minerals,... (¥ 2.08T), Natural gas, liquefied (¥ 1.41T), Bituminous coal, not agglomerated (¥ 561B), Medicaments nes, in dosage (¥ 559B), and Commodities not specified according to kind (¥ 552B).

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Imports Dynamics

Starting Date

Ending Date

Fastest Growing Import Origins (Jan 2023 - Jan 2024)

United States ¥ 28.8B (21.4%)

South Korea ¥ 13.1B (19.5%)

Sweden ¥ 10.4B (117%)

Rapidly Declining Import Origins (Jan 2023 - Jan 2024)

China ¥ -58.4B (-10.3%)

United Arab Emirates ¥ -39B (-43.3%)

Australia ¥ -34.4B (-24.2%)

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Economic Complexity

Economic Complexity of Kansai

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Geomap

Treemap

Economic Complexity (2023)0.71

Kansai ranks 3rd out of the 8 regions in Japan according to ECI.

The Economic Complexity Index, or ECI, is a measure of an economy’s capacity which can be inferred from data connecting locations to the activities that are present in them. For more info about Economic Complexity, visit the Economic Complexity page.

Estimated using exports data.

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Economic Complexity Ranking

Value

Ranking

Value

The economic complexity of a territory can change year to year. Kansai it is in position 3rd considering its ECI in the last year.

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Export Opportunities by Relatedness

The top export opportunities according to the relatedness level, without considering those products were Kansai already has a comparative advantage, are led by Photo Lab Equipment (0.47), Watch Movements (0.46), Blank Audio Media (0.45), Precious Metal Compounds (0.45), and Cast or Rolled Glass (0.45).

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Most Complex Products by PCI

The highest complexity exports of Kansai according to the product complexity index (PCI) are Developed Exposed Photographic Material (2.54), Metalworking Machines (2.2), Photographic Chemicals (2.17), Artificial Textile Machinery (2.11), Photographic Film (2.06), Metalworking Transfer Machines (2.04), Other Esters (2.03), Machinery Having Individual Functions (1.93), Non-Mechanical Removal Machinery (1.9), and Phosphoric Esters and Salts (1.84). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

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Most Specialized Products by RCA Index

The most specialized products according to the RCA index are led by Flat panel displays (126.28), Pearls (52.53), Oxometallic or Peroxometallic Acid Salts (48.54), Synthetic Filament Tow (25.25), and Large Construction Vehicles (16.32).

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Product Space

RCA Filter

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since Kansai is more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

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Relatedness Space

This network shows the products most related to the production structure of Kansai. These are products that tend to be co-exported with the products that Kansai exports. Higher relatedness values indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

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Diversification Frontier

Depth

Section

HS2

HS4

Filter

All

RCA≤1

RCA>1

The Complexity-Relatedness diagram compares the risk and the strategic value of a territory's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions. Bubble size corresponds to exports value by year 2020.