Chūbu | The Observatory of Economic Complexity

Chūbu

Region in Japan

2023
Economic
Complexity 0.93Rank 1 of 8

Jan 2024
Trade
Exports | Imports ¥ 1.68T | ¥ 1.14T2 of 8 | 3 of 8

Jan 2024
Country
Destination | Origin United States | China ¥ 469B | ¥ 297B

Image 1

Image by Daria Focht
Link: https://flic.kr/p/2hj7eRU

Latest Trends
Historical Data
Economic Complexity

About

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

Exports In 2023, Japan's Chūbu exported ¥ 21.4T, making it the 2nd largest exporter out of the 8 exporters in Japan. In 2023 the top exports of Chūbu were Spark-ignition non chargeable Cars (¥ 2.5T), Large Sized Cars (¥ 1.88T), Transmissions for motor vehicles (¥ 1.44T), Medium Sized Cars (¥ 1.36T), and Spark-ignition chargeable Cars (¥ 754B).

Imports In 2023, Japan's Chūbu imported ¥ 13.3T, making it the 3rd largest importer out of the 8 importers in Japan. In 2023 top imports of Chūbu were Natural gas, liquefied (¥ 1.27T), Petroleum oils, oils from bituminous minerals,... (¥ 525B), Bituminous coal, not agglomerated (¥ 521B), Ignition/other wiring sets for vehicles/aircraft/ship (¥ 381B), and Medium Sized Cars (¥ 272B).

Economic Complexity In 2023, the highest complexity exports of Chūbu according to the product complexity index (PCI) are Metalworking Machines (2.2), Photographic Chemicals (2.17), Precious Metal Compounds (2.07), Photographic Film (2.06), Metalworking Transfer Machines (2.04), Machinery Having Individual Functions (1.93), Non-Mechanical Removal Machinery (1.9), Phosphoric Esters and Salts (1.84), Hot-Rolled Stainless Steel Bars (1.8), and Iron Fasteners (1.79). 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 Chūbu exported ¥1.68T and imported ¥1.14T, resulting in a positive trade balance of ¥539B. Between January 2023 and January 2024 the exports of Chūbu have increased by $320B (23.5%) from ¥1.36T to ¥1.68T, while imports decreased by ¥-85.7B (-6.99%) from ¥1.23T to ¥1.14T.

Trade In January 2024, the top exports of Chūbu were Cars (¥546B), Motor vehicles; parts and accessories (8701... (¥171B), Commodities not elsewhere specified (¥53.5B), Spark-Ignition Engines (¥26B), and Delivery Trucks (¥25.7B). In January 2024 the top imports of Chūbu were Petroleum Gas (¥142B), Cars (¥76.4B), Crude Petroleum (¥49.1B), Insulated Wire (¥44.6B), and Raw Aluminium (¥36.2B).

Destinations In January 2024, Chūbu exported mostly to United States (¥469B), China (¥164B), Thailand (¥78B), Australia (¥68.4B), and Canada (¥55.7B), and imported mostly from China (¥297B), United States (¥154B), Australia (¥66.5B), Thailand (¥65.5B), and Malaysia (¥61.2B).

Growth In January 2024, the increase in Chūbu's year-by-year exports was explained primarily by an increase in exports to United States (¥31.9B or 10.4%), India (¥12.9B or 68.2%), and United Arab Emirates (¥12.4B or 80.1%), and product exports increase in Cars (¥58.5B or 19.1%), Commodities not elsewhere specified (¥9.15B or 24.1%), and Machines and apparatus of a kind... (¥7.07B or 48.6%). In January 2024, the decrease in Chūbu's year-by-year imports was explained primarily by an decrease in imports from Papua New Guinea (¥-9.76B or -99.9%), Ireland (¥-3.47B or -85.8%), and Poland (¥-2.41B or -58.6%), and product imports decrease in Raw Aluminium (¥-15.8B or -32.2%), Ferroalloys (¥-4.29B or -60.1%), and Reaction and Catalytic Products (¥-3.06B or -33.2%).

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)¥320B(23.5%)

IMPORT GROWTH (January 2023 - January 2024)¥-85.7B(-6.99%)

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

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Historical Data

Yearly Exports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Destination (2023)United States¥ 6.52T

Top Product (2023)Spark-ignition non chargeable Cars¥ 2.5T

In 2023 the top export destinations of Chūbu were United States (¥ 6.52T), China (¥ 2.86T), Thailand (¥ 1.06T), Australia (¥ 803B), and Taiwan (¥ 651B).

In 2023 the top exports of Chūbu were Spark-ignition non chargeable Cars (¥ 2.5T), Large Sized Cars (¥ 1.88T), Transmissions for motor vehicles (¥ 1.44T), Medium Sized Cars (¥ 1.36T), and Spark-ignition chargeable Cars (¥ 754B).

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Exports Dynamics

Starting Date

Ending Date

Fastest Growing Exports Destination (Jan 2023 - Jan 2024)

United States ¥ 130B (38.6%)

Canada ¥ 25B (81.3%)

Australia ¥ 23.5B (52.2%)

Rapidly Declining Export Origins (Jan 2023 - Jan 2024)

Russia ¥ -9.97B (-63%)

Singapore ¥ -6.39B (-34%)

South Korea ¥ -5.44B (-11.2%)

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Yearly Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Origin (2023)China¥ 3.3T

Top Import (2023)Natural gas, liquefied¥ 1.27T

In 2023 the top import origins of Chūbu were China (¥ 3.3T), United States (¥ 1.23T), Australia (¥ 1.02T), Thailand (¥ 732B), and Vietnam (¥ 692B).

In 2023 the top imports of Chūbu were Natural gas, liquefied (¥ 1.27T), Petroleum oils, oils from bituminous minerals,... (¥ 525B), Bituminous coal, not agglomerated (¥ 521B), Ignition/other wiring sets for vehicles/aircraft/ship (¥ 381B), and Medium Sized Cars (¥ 272B).

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Imports Dynamics

Starting Date

Ending Date

Fastest Growing Import Origins (Jan 2023 - Jan 2024)

United States ¥ 49.7B (47.5%)

Peru ¥ 11.3B (2.74k%)

Thailand ¥ 10.4B (18.8%)

Rapidly Declining Import Origins (Jan 2023 - Jan 2024)

Australia ¥ -63B (-48.7%)

Qatar ¥ -23.4B (-64.3%)

Indonesia ¥ -17B (-28.4%)

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Economic Complexity

Economic Complexity of Chūbu

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Geomap

Treemap

Economic Complexity (2023)0.93

Chūbu ranks 1st 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. Chūbu it is in position 1st 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 Chūbu already has a comparative advantage, are led by Developed Exposed Photographic Material (0.29), Artificial Textile Machinery (0.26), Cermets (0.26), Photo Lab Equipment (0.26), and Oxometallic or Peroxometallic Acid Salts (0.26).

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Most Complex Products by PCI

The highest complexity exports of Chūbu according to the product complexity index (PCI) are Metalworking Machines (2.2), Photographic Chemicals (2.17), Precious Metal Compounds (2.07), Photographic Film (2.06), Metalworking Transfer Machines (2.04), Machinery Having Individual Functions (1.93), Non-Mechanical Removal Machinery (1.9), Phosphoric Esters and Salts (1.84), Hot-Rolled Stainless Steel Bars (1.8), and Iron Fasteners (1.79). 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 Blown Glass (40.99), Pianos (29.13), Metal Lathes (24.60), Looms (23.67), and Textile Fiber Machinery (22.86).

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