Chūgoku

Region in Japan

Exports (2019): ¥ 5.03T, Rnk 5/8

Top Destination (2019): ¥ 825B, United States

Top Export (2019): ¥ 1.58T, Medium Sized Cars

Imports (2019): ¥ 4.13T, Rnk 5/8

Top Origin (2019): ¥ 657B, Australia

Top Import (2019): ¥ 838B, Petroleum oils, oils from bituminous minerals,...

Economic Complexity (2019): 0.51, Rnk 5 / 8

Exports: In 2019, Japan's Chūgoku exported ¥ 5.03T, making it the 5th largest exporter out of the 8 exporters in Japan. In 2019 the top exports of Chūgoku were Medium Sized Cars (¥ 1.58T), Cargo vessels other than tanker or... (¥ 229B), Light petroleum distillates nes (¥ 191B), Machines and apparatus of a kind... (¥ 116B), and P-xylene (¥ 90.6B).

Imports: In 2019, Japan's Chūgoku imported ¥ 4.13T, making it the 5th largest importer out of the 8 importers in Japan. In 2019 top imports of Chūgoku were Petroleum oils, oils from bituminous minerals,... (¥ 838B), Bituminous coal, not agglomerated (¥ 433B), Copper ores and concentrates (¥ 318B), Iron ore, concentrate, not iron pyrites,unagglomerate (¥ 260B), and Petroleum spirit for motor vehicles (¥ 244B).

Economic Complexity: In 2019, the highest complexity exports of Chūgoku according to the product complexity index (PCI) are Photographic Chemicals (2.17), Hot-Rolled Stainless Steel Bars (1.78), Halides (1.74), Non-optical Microscopes (1.69), and Metal Finishing Machines (1.67). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Value
Depth

Top Destination (2019): United States, ¥ 825B

Top Product (2019): Medium Sized Cars, ¥ 1.58T

In 2019 the top export destinations of Chūgoku were United States (¥ 825B), China (¥ 792B), South Korea (¥ 589B), Taiwan (¥ 222B), and Thailand (¥ 214B).

In 2019 the top exports of Chūgoku were Medium Sized Cars (¥ 1.58T), Cargo vessels other than tanker or... (¥ 229B), Light petroleum distillates nes (¥ 191B), Machines and apparatus of a kind... (¥ 116B), and P-xylene (¥ 90.6B).

Export Dynamics

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Fastest Growing Exports Destination (May 2019 - May 2020)

Rapidly Declining Export Origins (May 2019 - May 2020)

Value
Depth

Top Origin (2019): Australia, ¥ 657B

Top Import (2019): Petroleum oils, oils from bituminous minerals,..., ¥ 838B

In 2019 the top import origins of Chūgoku were Australia (¥ 657B), China (¥ 582B), Saudi Arabia (¥ 457B), South Korea (¥ 324B), and United Arab Emirates (¥ 241B).

In 2019 the top imports of Chūgoku were Petroleum oils, oils from bituminous minerals,... (¥ 838B), Bituminous coal, not agglomerated (¥ 433B), Copper ores and concentrates (¥ 318B), Iron ore, concentrate, not iron pyrites,unagglomerate (¥ 260B), and Petroleum spirit for motor vehicles (¥ 244B).

Import Dynamics

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Fastest Growing Import Origins (May 2019 - May 2020)

Rapidly Declining Import Origins (May 2019 - May 2020)

Comparison in Time

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Flow
Value

This section shows differences between total trade from Chūgoku throughout time.

Comparison Map

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Value

The regions of Japan with the highest exports in 2019 were Kantō (¥ 27.3T), Chūbu (¥ 18.7T), Kansai (¥ 17.2T), Kyushu (¥ 6.75T), and Chūgoku (¥ 5.03T)

The regions of Japan with the highest imports in 2019 were Kantō (¥ 38.7T), Kansai (¥ 16.4T), Chūbu (¥ 9.49T), Kyushu (¥ 5.49T), and Chūgoku (¥ 4.13T)

This section shows forecasts for total exports and imports from Chūgoku. The forecast is based in a Long Short-Term Memory Model constructed using monthly trade data.

Explore Forecasts

Economic Complexity

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Economic Complexity of Japan

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Chūgoku ranks 5th out of the 8 regions in Japan according to ECI.

Estimated using exports data.

Economic Complexity Ranking

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Scale

The economic complexity of a territory can change year to year. Chūgoku it is in position 5th considering its ECI in the last year.

Export Opportunities by Relatedness

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The top export opportunities according to the relatedness level, without considering those products were Chūgoku already has a comparative advantage, are led by Disc Chemicals for Electronics (0.21), Metalworking Transfer Machines (0.2), Silicone (0.2), Glass with Edge Workings (0.19), and Electrical Parts (0.19).

Most Complex Products by PCI

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The highest complexity exports of Chūgoku according to the product complexity index (PCI) are Photographic Chemicals (2.17), Hot-Rolled Stainless Steel Bars (1.78), Halides (1.74), Non-optical Microscopes (1.69), and Metal Finishing Machines (1.67). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

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The most specialized products according to the RCA index are led by Hot-Rolled Stainless Steel Bars (32.8), Railway Passenger Cars (31.9), Granulated Slag (28.3), Synthetic Filament Tow (26.6), and Boiler Plants (21.5).

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 Chūgoku 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.

Relatedness Space

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

Diversification Frontier

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Filter
Depth

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.