Chiba | The Observatory of Economic Complexity

Chiba

Prefecture in Kantō Region of Japan

2023
Economic
Complexity 0.84Rank 4 of 41

Sep 2024
Trade
Exports | Imports ¥ 1.68T | ¥ 2.28T2 of 41 | 1 of 41

Sep 2024
Country
Destination | Origin China | China ¥ 305B | ¥ 427B

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Image by inunami
Link: https://flic.kr/p/R3H6Z4

Latest Trends
Historical Data
Economic Complexity

About

Overview This page contains the latest international trade data for Chiba. In September 2024 Chiba was the number 2 in total exports and the number 1 in total imports in Japan.

Exports In 2023, Japan's Chiba exported ¥ 17.4T, making it the 2nd largest exporter out of the 41 exporters in Japan. In 2023 the top exports of Chiba were Commodities not specified according to kind (¥ 3.5T), Unwrought Non-Monetary Gold (¥ 1.5T), Semiconductor Manufacturing Equipment (¥ 657B), Parts for Semiconductor Manufacturing Equipment (¥ 379B), and Light petroleum distillates nes (¥ 298B).

Imports In 2023, Japan's Chiba imported ¥ 28T, making it the 1st largest importer out of the 41 importers in Japan. In 2023 top imports of Chiba were Crude Petroleum Oils (¥ 2.32T), Smartphones (¥ 1.98T), Other Integrated Circuits (n.e.c.) (¥ 1.59T), Liquefied Natural Gas (¥ 1.59T), and Medicaments in Dosage (n.e.s.) (¥ 1.01T).

Economic Complexity In 2023, the highest complexity exports of Chiba according to the product complexity index (PCI) are Developed Exposed Photographic Material (2.54), Photographic Chemicals (2.17), Precious Metal Compounds (2.07), Photographic Film (2.06), Disc Chemicals for Electronics (2.04), Non-optical Microscopes (1.97), Blank Audio Media (1.91), Oscilloscopes (1.81), Metal Pickling Preparations (1.79), and Interchangeable Tool Parts (1.76). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Latest Trends

September, 2024

About

Overview In September 2024 Chiba exported ¥1.68T and imported ¥2.28T, resulting in a negative trade balance of ¥606B. Between September 2023 and September 2024 the exports of Chiba have increased by $128B (8.26%) from ¥1.55T to ¥1.68T, while imports increased by ¥121B (5.59%) from ¥2.16T to ¥2.28T.

Trade In September 2024, the top exports of Chiba were Commodities not elsewhere specified (¥321B), Gold (¥239B), Machines and apparatus of a kind... (¥147B), Integrated Circuits (¥74.4B), and Electrical Capacitors (¥31.5B). In September 2024 the top imports of Chiba were Telephones (¥292B), Crude Petroleum (¥208B), Integrated Circuits (¥198B), Computers (¥142B), and Petroleum Gas (¥119B).

Destinations In September 2024, Chiba exported mostly to China (¥305B), Hong Kong (¥244B), United States (¥208B), South Korea (¥152B), and Chinese Taipei (¥144B), and imported mostly from China (¥427B), United States (¥396B), Chinese Taipei (¥154B), United Arab Emirates (¥116B), and Germany (¥112B).

Growth In September 2024, the increase in Chiba's year-by-year exports was explained primarily by an increase in exports to China (¥47.5B or 18.4%), South Korea (¥30B or 24.7%), and Chinese Taipei (¥26B or 22%), and product exports increase in Gold (¥65B or 37.4%), Machines and apparatus of a kind... (¥59.5B or 68.1%), and Prepr binder for foundry (¥9.92B or 65.7%). In September 2024, the increase in Chiba's year-by-year imports was explained primarily by an increase in imports from United States (¥61B or 18.2%), Chinese Taipei (¥35.6B or 30%), and Malaysia (¥20.1B or 45.4%), and product imports increase in Computers (¥66.6B or 88.3%), Integrated Circuits (¥37.8B or 23.6%), and Crude Petroleum (¥23.6B or 12.8%).

Latest Data

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

Product

EXPORT GROWTH (September 2023 - September 2024)¥128B(8.26%)

IMPORT GROWTH (September 2023 - September 2024)¥121B(5.59%)

This section shows exports and imports data at subnational level for Chiba. 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 Chiba over time.

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Historical Data

Yearly Exports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Destination (2023)China¥ 2.89T

Top Product (2023)Commodities not specified according to kind¥ 3.5T

In 2023 the top export destinations of Chiba were China (¥ 2.89T), United States (¥ 2.46T), Hong Kong (¥ 2.18T), South Korea (¥ 1.42T), and Chinese Taipei (¥ 1.33T).

In 2023 the top exports of Chiba were Commodities not specified according to kind (¥ 3.5T), Unwrought Non-Monetary Gold (¥ 1.5T), Semiconductor Manufacturing Equipment (¥ 657B), Parts for Semiconductor Manufacturing Equipment (¥ 379B), and Light petroleum distillates nes (¥ 298B).

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Exports Dynamics

Starting Date

Ending Date

Fastest Growing Exports Destination (Sep 2023 - Sep 2024)

China ¥ 47.5B (18.4%)

South Korea ¥ 30B (24.7%)

Chinese Taipei ¥ 26B (22%)

Rapidly Declining Export Origins (Sep 2023 - Sep 2024)

Australia ¥ -19.5B (-62.8%)

Chile ¥ -15.6B (-97.1%)

United Kingdom ¥ -14.4B (-54.7%)

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Yearly Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Origin (2023)China¥ 4.24T

Top Import (2023)Crude Petroleum Oils¥ 2.32T

In 2023 the top import origins of Chiba were China (¥ 4.24T), United States (¥ 4.02T), Chinese Taipei (¥ 2.05T), Australia (¥ 1.39T), and United Arab Emirates (¥ 1.37T).

In 2023 the top imports of Chiba were Crude Petroleum Oils (¥ 2.32T), Smartphones (¥ 1.98T), Other Integrated Circuits (n.e.c.) (¥ 1.59T), Liquefied Natural Gas (¥ 1.59T), and Medicaments in Dosage (n.e.s.) (¥ 1.01T).

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Imports Dynamics

Starting Date

Ending Date

Fastest Growing Import Origins (Sep 2023 - Sep 2024)

United States ¥ 61B (18.2%)

Chinese Taipei ¥ 35.6B (30%)

Malaysia ¥ 20.1B (45.4%)

Rapidly Declining Import Origins (Sep 2023 - Sep 2024)

Belgium ¥ -67.5B (-82.9%)

Australia ¥ -40.2B (-35%)

United Arab Emirates ¥ -21.9B (-15.8%)

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Economic Complexity

Economic Complexity of Chiba

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Geomap

Treemap

Economic Complexity (2023)0.84

Chiba ranks 4th out of the 41 prefectures 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. Chiba it is in position 4th 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 Chiba already has a comparative advantage, are led by Photo Lab Equipment (0.28), Oxometallic or Peroxometallic Acid Salts (0.27), Platinum Clad Metals (0.26), Cast or Rolled Glass (0.26), and Epoxides (0.26).

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Most Complex Products by PCI

The highest complexity exports of Chiba according to the product complexity index (PCI) are Developed Exposed Photographic Material (2.54), Photographic Chemicals (2.17), Precious Metal Compounds (2.07), Photographic Film (2.06), Disc Chemicals for Electronics (2.04), Non-optical Microscopes (1.97), Blank Audio Media (1.91), Oscilloscopes (1.81), Metal Pickling Preparations (1.79), and Interchangeable Tool Parts (1.76). 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 Sound Recordings (61.32), Watch Movements (49.15), Photographic Chemicals (30.45), Signaling Glassware (27.70), and Pearls (24.25).

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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 Chiba 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 Chiba. These are products that tend to be co-exported with the products that Chiba 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.