2019 Economic Complexity: -0.071, Rank 34 of 41
Feb 2021 Trade Exports | Imports: ¥ 15.8B | ¥ 92.2B, 17 of 41 | 11 of 41
Feb 2021 Country Destination | Origin: China | South Korea , ¥ 2.56B | ¥ 13.8B
Feb 2021 Product Exports | Imports: Vehicle Parts | Crude Petroleum , ¥ 1.84B | ¥ 30.2B
Overview: This page contains the latest international trade data for Hokkaido, including export and import data.
Exports: In 2020, Japan's Hokkaido exported ¥ 230B, making it the 17th largest exporter out of the 41 exporters in Japan. In 2020 the top exports of Hokkaido were Molluscs; n.e.c. in heading 0307, whether... (¥ 16.9B), Ferrous waste or scrap, nes (¥ 14.5B), Cargo vessels other than tanker or... (¥ 12B), Aquatic invertebrates: sea cucumbers, prepared or... (¥ 11.2B), and Bar/rod, alloy steel nes, irregularly wound... (¥ 11B).
Imports: In 2020, Japan's Hokkaido imported ¥ 877B, making it the 13th largest importer out of the 41 importers in Japan. In 2020 top imports of Hokkaido were Petroleum oils, oils from bituminous minerals,... (¥ 173B), Bituminous coal, not agglomerated (¥ 72.2B), Commodities not specified according to kind (¥ 53.8B), Natural gas, liquefied (¥ 48.3B), and Maize except seed corn (¥ 39.9B).
Economic Complexity: In 2019, the highest complexity exports of Hokkaido according to the product complexity index (PCI) are Metalworking Transfer Machines (2.32), Disc Chemicals for Electronics (2.2), Metal Finishing Machines (1.76), Transmissions (1.59), and Vegetable Parchment (1.58). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Overview: In February 2021 Hokkaido exported ¥15.8B and imported ¥92.2B, resulting in a negative trade balance of ¥76.4B. Between February 2020 and February 2021 the exports of Hokkaido have decreased by $-9.16B (-36.7%) from ¥24.9B to ¥15.8B, while imports decreased by ¥-2.27B (-2.4%) from ¥94.5B to ¥92.2B.
Trade: In February 2021, the top exports of Hokkaido were Vehicle Parts (Â¥1.84B), Molluscs (Â¥1.3B), Scrap Iron (Â¥1.18B), Steel Bars (Â¥1.07B), and Other Steel Bars (Â¥635M). In February 2021 the top imports of Hokkaido were Crude Petroleum (Â¥30.2B), Refined Petroleum (Â¥10.1B), Commodities not elsewhere specified (Â¥6.17B), Petroleum Gas (Â¥4.31B), and Coal Briquettes (Â¥4.1B).
Destinations: In February 2021, Hokkaido exported mostly to China (Â¥2.56B), Thailand (Â¥2.08B), United States (Â¥2.04B), South Korea (Â¥1.77B), and Vietnam (Â¥1.59B), and imported mostly from South Korea (Â¥13.8B), Saudi Arabia (Â¥11.7B), Qatar (Â¥8.68B), China (Â¥8B), and United States (Â¥7.17B).
Growth: In February 2021, the decrease in Hokkaido's year-by-year exports was explained primarily by an decrease in exports to Saudi Arabia (Â¥-2.37B or -99.8%), Malaysia (Â¥-2.28B or -86.1%), and South Korea (Â¥-1.65B or -48.2%), and product exports decrease in Refined Petroleum (Â¥-2.05B or -92.7%), Vehicle Parts (Â¥-726M or -28.3%), and Processed Crustaceans (Â¥-618M or -63.4%). In February 2021, the decrease in Hokkaido's year-by-year imports was explained primarily by an decrease in imports from Australia (Â¥-7.76B or -68.8%), Brazil (Â¥-4.57B or -88%), and United Arab Emirates (Â¥-4.53B or -53.7%), and product imports decrease in Commodities not elsewhere specified (Â¥-3.84B or -38.4%), Coal Briquettes (Â¥-2.76B or -40.3%), and Petroleum Gas (Â¥-2.39B or -35.6%).
EXPORT GROWTH (February 2020 - February 2021): ¥-9.16B, (-36.7%)
IMPORT GROWTH (February 2020 - February 2021): ¥-2.27B, (-2.4%)
This section shows exports and imports data at subnational level for Hokkaido. 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 Hokkaido over time.
This section shows the differences between Hokkaido's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit Japan's country profile.
Top Destination (2020): China, ¥ 48.8B
Top Product (2020): Molluscs; n.e.c. in heading 0307, whether..., ¥ 16.9B
In 2020 the top export destinations of Hokkaido were China (Â¥ 48.8B), Hong Kong (Â¥ 26.7B), South Korea (Â¥ 20.1B), United States (Â¥ 19.7B), and Thailand (Â¥ 18.2B).
In 2020 the top exports of Hokkaido were Molluscs; n.e.c. in heading 0307, whether... (Â¥ 16.9B), Ferrous waste or scrap, nes (Â¥ 14.5B), Cargo vessels other than tanker or... (Â¥ 12B), Aquatic invertebrates: sea cucumbers, prepared or... (Â¥ 11.2B), and Bar/rod, alloy steel nes, irregularly wound... (Â¥ 11B).
Fastest Growing Exports Destination (Feb 2020 - Feb 2021)
Rapidly Declining Export Origins (Feb 2020 - Feb 2021)
Top Origin (2020): China, ¥ 123B
Top Import (2020): Petroleum oils, oils from bituminous minerals,..., ¥ 173B
In 2020 the top import origins of Hokkaido were China (Â¥ 123B), South Korea (Â¥ 86.3B), United States (Â¥ 85.9B), Australia (Â¥ 77.6B), and Saudi Arabia (Â¥ 75.5B).
In 2020 the top imports of Hokkaido were Petroleum oils, oils from bituminous minerals,... (Â¥ 173B), Bituminous coal, not agglomerated (Â¥ 72.2B), Commodities not specified according to kind (Â¥ 53.8B), Natural gas, liquefied (Â¥ 48.3B), and Maize except seed corn (Â¥ 39.9B).
Hokkaido ranks 34th out of the 41 prefectures in Japan according to ECI.
Estimated using exports data.
The economic complexity of a territory can change year to year. Hokkaido it is in position 34th considering its ECI in the last year.
The top export opportunities according to the relatedness level, without considering those products were Hokkaido already has a comparative advantage, are led by Crustaceans (0.12), Scrap Lead (0.12), Non-fillet Fresh Fish (0.12), Sawn Wood (0.11), and Molasses (0.11).
The highest complexity exports of Hokkaido according to the product complexity index (PCI) are Metalworking Transfer Machines (2.32), Disc Chemicals for Electronics (2.2), Metal Finishing Machines (1.76), Transmissions (1.59), and Vegetable Parchment (1.58). 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 Molluscs (160), Steel Bars (132), Friction Material (112), Nuclear Reactors (73.9), and Fish Oil (63.9).
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 Hokkaido 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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Hokkaido