2019 Economic Complexity: 0.66, Rank 12 of 41
Feb 2021 Trade Exports | Imports: ¥ 465B | ¥ 298B, 6 of 41 | 6 of 41
Feb 2021 Country Destination | Origin: China | China , ¥ 98.1B | ¥ 72.1B
Feb 2021 Product Exports | Imports: Large Construction Vehicles | Petroleum Gas , ¥ 31.7B | ¥ 26.1B
Overview: This page contains the latest international trade data for Hyōgo, including export and import data.
Exports: In 2020, Japan's Hyōgo exported ¥ 5.42T, making it the 6th largest exporter out of the 41 exporters in Japan. In 2020 the top exports of Hyōgo were Shovels and excavators with revolving superstructure (¥ 219B), Salts of oxymetallic or peroxometallic acids... (¥ 154B), Commodities not specified according to kind (¥ 153B), Beauty, makeup and suntan preparations nes (¥ 94.2B), and Parts of gas turbine engines except... (¥ 89.9B).
Imports: In 2020, Japan's Hyōgo imported ¥ 3.62T, making it the 6th largest importer out of the 41 importers in Japan. In 2020 top imports of Hyōgo were Natural gas, liquefied (¥ 290B), Products of tobacco, substitute nes, extract,... (¥ 195B), Iron ore, concentrate, not iron pyrites,unagglomerate (¥ 103B), Bituminous coal, not agglomerated (¥ 91.3B), and Cigarettes containing tobacco (¥ 75.7B).
Economic Complexity: In 2019, the highest complexity exports of Hyōgo according to the product complexity index (PCI) are Metalworking Transfer Machines (2.32), Photographic Chemicals (2.16), Tool Plates (1.96), Machinery Having Individual Functions (1.93), and Metal Lathes (1.88). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Overview: In February 2021 Hyōgo exported ¥465B and imported ¥298B, resulting in a positive trade balance of ¥166B. Between February 2020 and February 2021 the exports of Hyōgo have decreased by $-11.6B (-2.43%) from ¥476B to ¥465B, while imports increased by ¥40.4B (15.7%) from ¥258B to ¥298B.
Trade: In February 2021, the top exports of Hyōgo were Large Construction Vehicles (¥31.7B), Gas Turbines (¥14.6B), Vehicle Parts (¥14.1B), Commodities not elsewhere specified (¥12.3B), and Oxometallic or Peroxometallic Acid Salts (¥11.4B). In February 2021 the top imports of Hyōgo were Petroleum Gas (¥26.1B), Iron Ore (¥11.5B), Processed Tobacco (¥10.7B), Coal Briquettes (¥7.2B), and Packaged Medicaments (¥4.82B).
Destinations: In February 2021, Hyōgo exported mostly to China (¥98.1B), United States (¥76.3B), Thailand (¥28.2B), Taiwan (¥24.7B), and South Korea (¥22.5B), and imported mostly from China (¥72.1B), Australia (¥23.6B), United States (¥22.9B), Vietnam (¥14.6B), and Germany (¥14.5B).
Growth: In February 2021, the decrease in Hyōgo's year-by-year exports was explained primarily by an decrease in exports to Liberia (¥-9.83B or -99.9%), United States (¥-5.99B or -7.27%), and South Korea (¥-4.03B or -15.2%), and product exports decrease in Oxometallic or Peroxometallic Acid Salts (¥-5.89B or -34.2%), Rubberworking Machinery (¥-3.31B or -38.5%), and Optical Fibers (¥-2.91B or -54.3%). In February 2021, the increase in Hyōgo's year-by-year imports was explained primarily by an increase in imports from China (¥42.4B or 143%), Germany (¥5.83B or 67.5%), and Indonesia (¥5.48B or 70.4%), and product imports increase in Air Conditioners (¥1.98B or 273%), Computers (¥1.91B or 1.28k%), and Reaction and Catalytic Products (¥1.85B or 496%).
EXPORT GROWTH (February 2020 - February 2021): ¥-11.6B, (-2.43%)
IMPORT GROWTH (February 2020 - February 2021): ¥40.4B, (15.7%)
This section shows exports and imports data at subnational level for Hyōgo. 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 Hyōgo over time.
This section shows the differences between Hyōgo's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit Japan's country profile.
Top Destination (2020): China, ¥ 1.37T
Top Product (2020): Shovels and excavators with revolving superstructure, ¥ 219B
In 2020 the top export destinations of Hyōgo were China (¥ 1.37T), United States (¥ 857B), Taiwan (¥ 327B), South Korea (¥ 290B), and Thailand (¥ 272B).
In 2020 the top exports of Hyōgo were Shovels and excavators with revolving superstructure (¥ 219B), Salts of oxymetallic or peroxometallic acids... (¥ 154B), Commodities not specified according to kind (¥ 153B), Beauty, makeup and suntan preparations nes (¥ 94.2B), and Parts of gas turbine engines except... (¥ 89.9B).
Fastest Growing Exports Destination (Feb 2020 - Feb 2021)
Rapidly Declining Export Origins (Feb 2020 - Feb 2021)
Top Origin (2020): China, ¥ 839B
Top Import (2020): Natural gas, liquefied, ¥ 290B
In 2020 the top import origins of Hyōgo were China (¥ 839B), United States (¥ 365B), Australia (¥ 298B), Italy (¥ 198B), and Vietnam (¥ 152B).
In 2020 the top imports of Hyōgo were Natural gas, liquefied (¥ 290B), Products of tobacco, substitute nes, extract,... (¥ 195B), Iron ore, concentrate, not iron pyrites,unagglomerate (¥ 103B), Bituminous coal, not agglomerated (¥ 91.3B), and Cigarettes containing tobacco (¥ 75.7B).
Fastest Growing Import Origins (Feb 2020 - Feb 2021)
Rapidly Declining Import Origins (Feb 2020 - Feb 2021)
Hyōgo ranks 12th 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. Hyōgo it is in position 12th considering its ECI in the last year.
The top export opportunities according to the relatedness level, without considering those products were Hyōgo already has a comparative advantage, are led by Developed Exposed Photographic Material (0.52), Disc Chemicals for Electronics (0.45), Photo Lab Equipment (0.45), LCDs (0.45), and Photographic Film (0.45).
The highest complexity exports of Hyōgo according to the product complexity index (PCI) are Metalworking Transfer Machines (2.32), Photographic Chemicals (2.16), Tool Plates (1.96), Machinery Having Individual Functions (1.93), and Metal Lathes (1.88). 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 Oxometallic or Peroxometallic Acid Salts (97.4), Synthetic Filament Tow (48.7), Artificial Textile Machinery (36.2), Large Construction Vehicles (24.9), and Textile Fiber Machinery (22.6).
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 Hyōgo 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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