Hokkaido | The Observatory of Economic Complexity

Hokkaido

Prefecture in Hokkaido Region of Japan

2023
Economic
Complexity -0.066Rank 35 of 41

Jan 2024
Trade
Exports | Imports ¥ 25.6B | ¥ 162B18 of 41 | 12 of 41

Jan 2024
Country
Destination | Origin South Korea | Saudi Arabia ¥ 5.95B | ¥ 33.8B

Image 1

Image by Benny Ang
Link: https://flic.kr/p/ZnksjZ

Latest Trends
Historical Data
Economic Complexity

About

Overview This page contains the latest international trade data for Hokkaido. In January 2024 Hokkaido was the number 18 in total exports and the number 14 in total imports in Japan.

Exports In 2023, Japan's Hokkaido exported ¥ 429B, making it the 18th largest exporter out of the 41 exporters in Japan. In 2023 the top exports of Hokkaido were Transmissions for motor vehicles (¥ 58.4B), Molluscs; scallops, whether in shell or... (¥ 40.7B), Ferrous waste or scrap, nes (¥ 24.9B), Bar/rod, alloy steel nes, irregularly wound... (¥ 13.2B), and Commodities not specified according to kind (¥ 9.8B).

Imports In 2023, Japan's Hokkaido imported ¥ 1.84T, making it the 14th largest importer out of the 41 importers in Japan. In 2023 top imports of Hokkaido were Petroleum oils, oils from bituminous minerals,... (¥ 532B), Bituminous coal, not agglomerated (¥ 240B), Natural gas, liquefied (¥ 93.6B), Light petroleum distillates nes (¥ 88.3B), and Commodities not specified according to kind (¥ 80.2B).

Economic Complexity In 2023, the highest complexity exports of Hokkaido according to the product complexity index (PCI) are Rubberworking Machinery (1.78), Vegetable Parchment (1.55), Valves (1.49), Ball Bearings (1.31), Combustion Engines (1.27), Metal-Rolling Mills (1.22), Enzymes (1.17), Printed Circuit Boards (1.11), Conveyor Belt Textiles (1.11), and Steel Wire (1.07). 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 Hokkaido exported ¥25.6B and imported ¥162B, resulting in a negative trade balance of ¥136B. Between January 2023 and January 2024 the exports of Hokkaido have increased by $4.33B (20.4%) from ¥21.2B to ¥25.6B, while imports decreased by ¥-10.8B (-6.23%) from ¥173B to ¥162B.

Trade In January 2024, the top exports of Hokkaido were Motor vehicles; parts and accessories (8701... (¥5.33B), Refined Petroleum (¥2.74B), Scrap Iron (¥2.23B), Excavation Machinery (¥952M), and Steel Bars (¥874M). In January 2024 the top imports of Hokkaido were Crude Petroleum (¥52.6B), Coal Briquettes (¥22.4B), Refined Petroleum (¥18.6B), Commodities not elsewhere specified (¥10.7B), and Petroleum Gas (¥9.87B).

Destinations In January 2024, Hokkaido exported mostly to South Korea (¥5.95B), United States (¥4.31B), China (¥2.65B), Thailand (¥1.99B), and Vietnam (¥1.16B), and imported mostly from Saudi Arabia (¥33.8B), Australia (¥23.5B), China (¥21.7B), South Korea (¥19.3B), and United Arab Emirates (¥18.9B).

Growth In January 2024, the increase in Hokkaido's year-by-year exports was explained primarily by an increase in exports to South Korea (¥1.1B or 36.1%), Russia (¥1.09B or 223%), and Bangladesh (¥994M or 32.5k%), and product exports increase in Scrap Iron (¥1.77B or 136%), Cars (¥1.09B or 308%), and Refined Petroleum (¥807M or 133%). In January 2024, the decrease in Hokkaido's year-by-year imports was explained primarily by an decrease in imports from Russia (¥-12B or -81.1%), Qatar (¥-4.9B or -44.8%), and Malaysia (¥-1.21B or -15.9%), and product imports decrease in Petroleum Gas (¥-6.6B or -54.5%), Non-fillet Frozen Fish (¥-2.58B or -70.3%), and Sawn Wood (¥-962M or -57.2%).

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)¥4.33B(20.4%)

IMPORT GROWTH (January 2023 - January 2024)¥-10.8B(-6.23%)

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.

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Historical Data

Yearly Exports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Destination (2023)China¥ 77.6B

Top Product (2023)Transmissions for motor vehicles¥ 58.4B

In 2023 the top export destinations of Hokkaido were China (¥ 77.6B), United States (¥ 71.9B), South Korea (¥ 32.5B), Thailand (¥ 25.5B), and Vietnam (¥ 18.1B).

In 2023 the top exports of Hokkaido were Transmissions for motor vehicles (¥ 58.4B), Molluscs; scallops, whether in shell or... (¥ 40.7B), Ferrous waste or scrap, nes (¥ 24.9B), Bar/rod, alloy steel nes, irregularly wound... (¥ 13.2B), and Commodities not specified according to kind (¥ 9.8B).

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Exports Dynamics

Starting Date

Ending Date

Fastest Growing Exports Destination (Jan 2023 - Jan 2024)

South Korea ¥ 1.79B (42.9%)

United States ¥ 668M (18.3%)

Taiwan ¥ 579M (124%)

Rapidly Declining Export Origins (Jan 2023 - Jan 2024)

Russia ¥ -1.05B (-66.7%)

China ¥ -239M (-8.27%)

Indonesia ¥ -182M (-23.5%)

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Yearly Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Origin (2023)Saudi Arabia¥ 272B

Top Import (2023)Petroleum oils, oils from bituminous minerals,...¥ 532B

In 2023 the top import origins of Hokkaido were Saudi Arabia (¥ 272B), Australia (¥ 257B), China (¥ 209B), United Arab Emirates (¥ 191B), and South Korea (¥ 154B).

In 2023 the top imports of Hokkaido were Petroleum oils, oils from bituminous minerals,... (¥ 532B), Bituminous coal, not agglomerated (¥ 240B), Natural gas, liquefied (¥ 93.6B), Light petroleum distillates nes (¥ 88.3B), and Commodities not specified according to kind (¥ 80.2B).

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Imports Dynamics

Starting Date

Ending Date

Fastest Growing Import Origins (Jan 2023 - Jan 2024)

Saudi Arabia ¥ 7.08B (26.5%)

China ¥ 6.78B (45.4%)

United Arab Emirates ¥ 5.78B (44.1%)

Rapidly Declining Import Origins (Jan 2023 - Jan 2024)

Qatar ¥ -5.9B (-97.9%)

Malaysia ¥ -5.33B (-83.6%)

Australia ¥ -5.04B (-17.7%)

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Economic Complexity

Economic Complexity of Hokkaido

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Geomap

Treemap

Economic Complexity (2023)-0.066

Hokkaido ranks 35th 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. Hokkaido it is in position 35th 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 Hokkaido already has a comparative advantage, are led by Non-fillet Fresh Fish (0.12), Sawn Wood (0.12), Fish Fillets (0.12), Cement (0.12), and Wheat Flours (0.12).

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Most Complex Products by PCI

The highest complexity exports of Hokkaido according to the product complexity index (PCI) are Rubberworking Machinery (1.78), Vegetable Parchment (1.55), Valves (1.49), Ball Bearings (1.31), Combustion Engines (1.27), Metal-Rolling Mills (1.22), Enzymes (1.17), Printed Circuit Boards (1.11), Conveyor Belt Textiles (1.11), and Steel Wire (1.07). 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 Molluscs (232.41), Steel Bars (175.33), Fish oil (171.54), Friction Material (133.26), and Steel Ingots (44.48).

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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 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.

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Relatedness Space

This network shows the products most related to the production structure of Hokkaido. These are products that tend to be co-exported with the products that Hokkaido 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.