ChūgokuRegion 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.
Overview: In February 2021 Chūgoku exported ¥396B and imported ¥280B, resulting in a positive trade balance of ¥116B. Between February 2020 and February 2021 the exports of Chūgoku have decreased by $-26.3B (-6.22%) from ¥422B to ¥396B, while imports decreased by ¥-231M (-0.082%) from ¥280B to ¥280B.
Trade: In February 2021, the top exports of Chūgoku were Cars (¥131B), Passenger and Cargo Ships (¥32.5B), Machines and apparatus of a kind... (¥31.4B), Hot-Rolled Iron (¥18.4B), and Flat Flat-Rolled Steel (¥13.2B). In February 2021 the top imports of Chūgoku were Crude Petroleum (¥45.2B), Coal Briquettes (¥30.1B), Copper Ore (¥25.6B), Refined Petroleum (¥22.9B), and Iron Ore (¥21.7B).
Destinations: In February 2021, Chūgoku exported mostly to United States (¥64.1B), South Korea (¥62.1B), China (¥51.4B), Australia (¥27.9B), and Taiwan (¥22.7B), and imported mostly from Australia (¥57B), China (¥41.5B), Saudi Arabia (¥29.5B), United States (¥17.9B), and South Korea (¥17.9B).
Growth: In February 2021, the decrease in Chūgoku's year-by-year exports was explained primarily by an decrease in exports to United States (¥-7.53B or -10.5%), South Korea (¥-5.79B or -8.52%), and India (¥-4.41B or -45.4%), and product exports decrease in Cars (¥-8.46B or -6.05%), Hot-Rolled Iron (¥-7.14B or -28%), and Refined Petroleum (¥-6.27B or -45.4%). In February 2021, the decrease in Chūgoku's year-by-year imports was explained primarily by an decrease in imports from Chile (¥-16.9B or -53%), Saudi Arabia (¥-7.65B or -20.6%), and South Korea (¥-7.12B or -28.5%), and product imports decrease in Copper Ore (¥-17.1B or -40%), Crude Petroleum (¥-8.7B or -16.1%), and Precious Metal Scraps (¥-2.17B or -22.7%).
EXPORT GROWTH (February 2020 - February 2021): ¥-26.3B, (-6.22%)
IMPORT GROWTH (February 2020 - February 2021): ¥-231M, (-0.082%)
This section shows exports and imports data at subnational level for Chūgoku. 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 Chūgoku over time.
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.
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).
Fastest Growing Exports Destination (Feb 2020 - Feb 2021)
Rapidly Declining Export Origins (Feb 2020 - Feb 2021)
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).
Fastest Growing Import Origins (Feb 2020 - Feb 2021)
Rapidly Declining Import Origins (Feb 2020 - Feb 2021)
Chūgoku ranks 4th out of the 8 regions in Japan according to ECI.
Estimated using exports data.
The economic complexity of a territory can change year to year. Chūgoku it is in position 4th considering its ECI in the last year.
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).
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.
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.
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.
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