Chūgoku

Region in Japan

2019
Economic
Complexity
: 0.59, Rank 4 of 8

Feb 2021
Trade
Exports | Imports
: ¥ 396B | ¥ 280B, 5 of 8 | 5 of 8

Feb 2021
Country
Destination | Origin
: United States | Australia , ¥ 64.1B  | ¥ 57B

Feb 2021
Product
Exports | Imports
: Cars | Crude Petroleum , ¥ 131B  | ¥ 45.2B

Overview: This page contains the latest international trade data for Chūgoku, including export and import data.

Exports: In 2020, Japan's Chūgoku exported ¥ 4.26T, making it the 5th largest exporter out of the 8 exporters in Japan. In 2020 the top exports of Chūgoku were Medium Sized Cars (¥ 1.18T), Machines and apparatus of a kind... (¥ 244B), Cargo vessels other than tanker or... (¥ 216B), Iron or non-alloy steel: in coils,... (¥ 106B), and Copper cathodes and sections of cathodes... (¥ 99.1B).

Imports: In 2020, Japan's Chūgoku imported ¥ 3.17T, making it the 5th largest importer out of the 8 importers in Japan. In 2020 top imports of Chūgoku were Petroleum oils, oils from bituminous minerals,... (¥ 494B), Copper ores and concentrates (¥ 331B), Bituminous coal, not agglomerated (¥ 276B), Iron ore, concentrate, not iron pyrites,unagglomerate (¥ 248B), and Petroleum spirit for motor vehicles (¥ 180B).

Economic Complexity: In 2019, the highest complexity exports of Chūgoku according to the product complexity index (PCI) are Photographic Chemicals (2.16), Halides (1.86), Other Esters (1.85), Hot-Rolled Stainless Steel Bars (1.8), and Metal Finishing Machines (1.76). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Comparison in Time

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Flow
Value

This section shows the differences between Chūgoku's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit Japan's country profile.

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Yearly Exports

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Depth

Top Destination (2020): South Korea, ¥ 720B

Top Product (2020): Medium Sized Cars, ¥ 1.18T

In 2020 the top export destinations of Chūgoku were South Korea (¥ 720B), China (¥ 699B), United States (¥ 678B), Taiwan (¥ 187B), and Australia (¥ 176B).

In 2020 the top exports of Chūgoku were Medium Sized Cars (¥ 1.18T), Machines and apparatus of a kind... (¥ 244B), Cargo vessels other than tanker or... (¥ 216B), Iron or non-alloy steel: in coils,... (¥ 106B), and Copper cathodes and sections of cathodes... (¥ 99.1B).

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Exports Dynamics

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Fastest Growing Exports Destination (Feb 2020 - Feb 2021)

Rapidly Declining Export Origins (Feb 2020 - Feb 2021)

Yearly Imports

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Value
Depth

Top Origin (2020): Australia, ¥ 502B

Top Import (2020): Petroleum oils, oils from bituminous minerals,..., ¥ 494B

In 2020 the top import origins of Chūgoku were Australia (¥ 502B), China (¥ 482B), Saudi Arabia (¥ 312B), South Korea (¥ 254B), and Indonesia (¥ 209B).

In 2020 the top imports of Chūgoku were Petroleum oils, oils from bituminous minerals,... (¥ 494B), Copper ores and concentrates (¥ 331B), Bituminous coal, not agglomerated (¥ 276B), Iron ore, concentrate, not iron pyrites,unagglomerate (¥ 248B), and Petroleum spirit for motor vehicles (¥ 180B).

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Imports Dynamics

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Fastest Growing Import Origins (Feb 2020 - Feb 2021)

Rapidly Declining Import Origins (Feb 2020 - Feb 2021)

Economic Complexity

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Economic Complexity of Japan

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Chūgoku ranks 4th out of the 8 regions in Japan according to ECI.

Estimated using exports data.

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Economic Complexity Ranking

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Scale

The economic complexity of a territory can change year to year. Chūgoku it is in position 4th considering its ECI in the last year.

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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 Metalworking Transfer Machines (0.2), Disc Chemicals for Electronics (0.2), LCDs (0.2), Silicone (0.19), and Tool Plates (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 (2.16), Halides (1.86), Other Esters (1.85), Hot-Rolled Stainless Steel Bars (1.8), and Metal Finishing Machines (1.76). 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 Railway Passenger Cars (33.4), Hot-Rolled Stainless Steel Bars (33.4), Granulated Slag (27.1), Synthetic Filament Tow (26.5), and Boiler Plants (23.3).

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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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.