2020 Economic Complexity : 0.64, Rank 13 of 41
Jun 2021 Trade Exports | Imports: ¥ 592B | ¥ 377B, 5 of 41 | 6 of 41
Jun 2021 Country Destination | Origin: China | China , ¥ 140B | ¥ 84B
Jun 2021 Product Exports | Imports: Shovels and excavators with revolving superstructure | Products of tobacco, substitute nes, extract, essence , ¥ 39.3B | ¥ 30.5B
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 2020, 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.
June, 2021
Overview In June 2021 Hyōgo exported ¥592B and imported ¥377B, resulting in a positive trade balance of ¥215B. Between June 2020 and June 2021 the exports of Hyōgo have increased by $177B (42.5%) from ¥415B to ¥592B, while imports increased by ¥74.3B (24.6%) from ¥302B to ¥377B.
Trade In June 2021, the top exports of Hyōgo were Large Construction Vehicles (¥54.2B), Machines and apparatus of a kind... (¥19.2B), Oxometallic or Peroxometallic Acid Salts (¥16.8B), Commodities not elsewhere specified (¥14.9B), and Machinery Having Individual Functions (¥14.1B). In June 2021 the top imports of Hyōgo were Processed Tobacco (¥30.5B), Iron Ore (¥27.1B), Petroleum Gas (¥20.9B), Coal Briquettes (¥10B), and Packaged Medicaments (¥6.98B).
Destinations In June 2021, Hyōgo exported mostly to China (¥140B), United States (¥105B), Taiwan (¥38.8B), Thailand (¥28.9B), and Vietnam (¥25.9B), and imported mostly from China (¥84B), Australia (¥37.6B), Italy (¥29.9B), United States (¥28.6B), and Germany (¥19B).
Growth In June 2021, the increase in Hyōgo's year-by-year exports was explained primarily by an increase in exports to United States (¥44.4B or 73.1%), China (¥20.6B or 17.2%), and India (¥12.2B or 182%), and product exports increase in Large Construction Vehicles (¥30.2B or 125%), Vehicle Parts (¥9.14B or 191%), and Machines and apparatus of a kind... (¥8.12B or 73.3%). In June 2021, the increase in Hyōgo's year-by-year imports was explained primarily by an increase in imports from Italy (¥16.8B or 129%), China (¥14B or 20%), and Australia (¥11.5B or 43.9%), and product imports increase in Processed Tobacco (¥18B or 143%), Iron Ore (¥17.5B or 184%), and Nucleic Acids (¥5.07B or 1.24k%).
EXPORT GROWTH (June 2020 - June 2021): ¥177B, (42.5%)
IMPORT GROWTH (June 2020 - June 2021): ¥74.3B, (24.6%)
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.
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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).
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 (Jun 2020 - Jun 2021)
Rapidly Declining Import Origins (Jun 2020 - Jun 2021)
Economic Complexity (2020): 0.64
Hyōgo ranks 13th 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.
The economic complexity of a territory can change year to year. Hyōgo it is in position 13th 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 (0.54), Photo Lab Equipment (0.46), Disc Chemicals for Electronics (0.46), Photographic Film (0.46), and LCDs (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 (144.5), Synthetic Filament Tow (50.7), Textile Fiber Machinery (22.3), Artificial Textile Machinery (22.0), and Large Construction Vehicles (20.3).
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 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.
Hyōgo