2020 Economic Complexity : 0.61, Rank 15 of 41
Oct 2022 Trade Exports | Imports: ¥ 743B | ¥ 593B, 6 of 41 | 6 of 41
Oct 2022 Country Destination | Origin: United States | China , ¥ 153B | ¥ 137B
Oct 2022 Product Exports | Imports: Shovels and excavators with revolving superstructure | Natural gas, liquefied , ¥ 38.1B | ¥ 81.8B
Overview This page contains the latest international trade data for Hyōgo. In October 2022 Hyōgo was the number 6 in total exports and the number 6 in total imports in Japan.
Exports In 2021, Japan's Hyōgo exported ¥ 6.57T, making it the 6th largest exporter out of the 42 exporters in Japan. In 2021 the top exports of Hyōgo were Shovels and excavators with revolving superstructure (¥ 329B), Commodities not specified according to kind (¥ 181B), Salts of oxymetallic or peroxometallic acids... (¥ 175B), Machines and apparatus of a kind... (¥ 120B), and Beauty, makeup and suntan preparations nes (¥ 105B).
Imports In 2021, Japan's Hyōgo imported ¥ 4.43T, making it the 6th largest importer out of the 42 importers in Japan. In 2021 top imports of Hyōgo were Natural gas, liquefied (¥ 355B), Products of tobacco, substitute nes, extract,... (¥ 239B), Iron ore, concentrate, not iron pyrites,unagglomerate (¥ 197B), Bituminous coal, not agglomerated (¥ 132B), and Medicaments nes, in dosage (¥ 68.4B).
Economic Complexity In 2020, the highest complexity exports of Hyōgo according to the product complexity index (PCI) are Artificial Textile Machinery (2.09), Boiler Plants (1.04), Ink Ribbons (1), Textile Fiber Machinery (0.97), and Artificial Filament Yarn Woven Fabric (0.58). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
October, 2022
Overview In October 2022 Hyōgo exported ¥743B and imported ¥593B, resulting in a positive trade balance of ¥150B. Between October 2021 and October 2022 the exports of Hyōgo have increased by $141B (23.5%) from ¥601B to ¥743B, while imports increased by ¥216B (57.1%) from ¥378B to ¥593B.
Trade In October 2022, the top exports of Hyōgo were Large Construction Vehicles (¥53.3B), Oxometallic or Peroxometallic Acid Salts (¥33.3B), Commodities not elsewhere specified (¥25.6B), Beauty Products (¥22.8B), and Gas Turbines (¥22B). In October 2022 the top imports of Hyōgo were Petroleum Gas (¥83.1B), Coal Briquettes (¥37B), Iron Ore (¥12.8B), Products containing tobacco, reconstituted tobacco, nicotine,... (¥10.1B), and Carbonates (¥10B).
Destinations In October 2022, Hyōgo exported mostly to United States (¥153B), China (¥152B), Thailand (¥43B), Taiwan (¥38.7B), and South Korea (¥35.7B), and imported mostly from China (¥137B), Australia (¥93.8B), United States (¥76.3B), Vietnam (¥25.8B), and Indonesia (¥19.4B).
Growth In October 2022, the increase in Hyōgo's year-by-year exports was explained primarily by an increase in exports to China (¥21.7B or 29.3%), Taiwan (¥7.49B or 33.2%), and Mexico (¥3.37B or 72.4%), and product exports increase in Large Construction Vehicles (¥4.56B or 21.6%), Machines and apparatus of a kind... (¥4.11B or 99.1%), and Raw Plastic Sheeting (¥3.44B or 40.6%). In October 2022, the increase in Hyōgo's year-by-year imports was explained primarily by an increase in imports from Australia (¥13.2B or 51.1%), Oman (¥7.38B or 57.2k%), and Italy (¥4.74B or 28.1%), and product imports increase in Petroleum Gas (¥10.8B or 34.3%), Processed Tobacco (¥8.46B or 50.2%), and Computers (¥1.93B or 935%).
EXPORT GROWTH (October 2021 - October 2022): ¥141B, (23.5%)
IMPORT GROWTH (October 2021 - October 2022): ¥216B, (57.1%)
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 (2021): China, ¥ 1.57T
Top Product (2021): Shovels and excavators with revolving superstructure, ¥ 329B
In 2021 the top export destinations of Hyōgo were China (¥ 1.57T), United States (¥ 1.05T), Taiwan (¥ 411B), Thailand (¥ 344B), and South Korea (¥ 289B).
In 2021 the top exports of Hyōgo were Shovels and excavators with revolving superstructure (¥ 329B), Commodities not specified according to kind (¥ 181B), Salts of oxymetallic or peroxometallic acids... (¥ 175B), Machines and apparatus of a kind... (¥ 120B), and Beauty, makeup and suntan preparations nes (¥ 105B).
Fastest Growing Exports Destination (Oct 2021 - Oct 2022)
Rapidly Declining Export Origins (Oct 2021 - Oct 2022)
Top Origin (2021): China, ¥ 1.03T
Top Import (2021): Natural gas, liquefied, ¥ 355B
In 2021 the top import origins of Hyōgo were China (¥ 1.03T), Australia (¥ 457B), United States (¥ 375B), Italy (¥ 241B), and Vietnam (¥ 175B).
In 2021 the top imports of Hyōgo were Natural gas, liquefied (¥ 355B), Products of tobacco, substitute nes, extract,... (¥ 239B), Iron ore, concentrate, not iron pyrites,unagglomerate (¥ 197B), Bituminous coal, not agglomerated (¥ 132B), and Medicaments nes, in dosage (¥ 68.4B).
Economic Complexity (2021): 0.61
Hyōgo ranks 15th out of the 42 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 15th 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 (0.51), Cermets (0.48), Photo Lab Equipment (0.47), Cast or Rolled Glass (0.45), and Blank Audio Media (0.45).
The highest complexity exports of Hyōgo according to the product complexity index (PCI) are Artificial Textile Machinery (2.09), Boiler Plants (1.04), Ink Ribbons (1), Textile Fiber Machinery (0.97), and Artificial Filament Yarn Woven Fabric (0.58). 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 Oxometallic or Peroxometallic Acid Salts (130.7), Synthetic Filament Tow (58.2), Large Construction Vehicles (27.8), Steel Bars (18.1), and Artificial Filament Yarn Woven Fabric (17.2).
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. Bubble size corresponds to exports value by year 2020.
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