Ibaraki

Prefecture in Kantō Region of Japan

Exports (2019): ¥ 1.33T, Rnk 11/41

Top Destination (2019): ¥ 543B, United States

Top Export (2019): ¥ 437B, Medium Sized Cars

Imports (2019): ¥ 1.56T, Rnk 10/41

Top Origin (2019): ¥ 260B, Australia

Top Import (2019): ¥ 479B, Petroleum oils, oils from bituminous minerals,...

Economic Complexity (2019): 0.52, Rnk 18 / 41

Overview: This page contains the latest international trade data for Ibaraki, including export and import data.

Exports: In 2019, Japan's Ibaraki exported ¥ 1.33T, making it the 11th largest exporter out of the 41 exporters in Japan. In 2019 the top exports of Ibaraki were Medium Sized Cars (¥ 437B), Shovels and excavators with revolving superstructure (¥ 101B), Dump trucks designed for off-highway use (¥ 74.7B), P-xylene (¥ 74.2B), and Parts of cranes, work-trucks, shovels, constr... (¥ 60.2B).

Imports: In 2019, Japan's Ibaraki imported ¥ 1.56T, making it the 10th largest importer out of the 41 importers in Japan. In 2019 top imports of Ibaraki were Petroleum oils, oils from bituminous minerals,... (¥ 479B), Bituminous coal, not agglomerated (¥ 227B), Iron ore, concentrate, not iron pyrites,unagglomerate (¥ 130B), Petroleum spirit for motor vehicles (¥ 81.9B), and Medium Sized Cars (¥ 81.4B).

Economic Complexity: In 2019, the highest complexity exports of Ibaraki according to the product complexity index (PCI) are Transmissions (1.49), Valves (1.48), Lubricating Products (1.47), Flat Flat-Rolled Steel (1.45), and Liquid Pumps (1.38). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

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Value
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Top Destination (2019): United States, ¥ 543B

Top Product (2019): Medium Sized Cars, ¥ 437B

In 2019 the top export destinations of Ibaraki were United States (¥ 543B), China (¥ 140B), South Korea (¥ 83.5B), Australia (¥ 72.7B), and Indonesia (¥ 48.3B).

In 2019 the top exports of Ibaraki were Medium Sized Cars (¥ 437B), Shovels and excavators with revolving superstructure (¥ 101B), Dump trucks designed for off-highway use (¥ 74.7B), P-xylene (¥ 74.2B), and Parts of cranes, work-trucks, shovels, constr... (¥ 60.2B).

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Export Dynamics

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Fastest Growing Exports Destination (September 2019 - September 2020)

Rapidly Declining Export Origins (September 2019 - September 2020)

Yearly Imports

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Top Origin (2019): Australia, ¥ 260B

Top Import (2019): Petroleum oils, oils from bituminous minerals,..., ¥ 479B

In 2019 the top import origins of Ibaraki were Australia (¥ 260B), United States (¥ 207B), Qatar (¥ 189B), Germany (¥ 127B), and Saudi Arabia (¥ 113B).

In 2019 the top imports of Ibaraki were Petroleum oils, oils from bituminous minerals,... (¥ 479B), Bituminous coal, not agglomerated (¥ 227B), Iron ore, concentrate, not iron pyrites,unagglomerate (¥ 130B), Petroleum spirit for motor vehicles (¥ 81.9B), and Medium Sized Cars (¥ 81.4B).

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Import Dynamics

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Fastest Growing Import Origins (September 2019 - September 2020)

Rapidly Declining Import Origins (September 2019 - September 2020)

Comparison in Time

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This section shows differences between total trade from Ibaraki throughout time.

This section shows forecasts for total exports and imports from Ibaraki. The forecast is based in a Long Short-Term Memory Model constructed using monthly trade data.

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Economic Complexity

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Economic Complexity of Japan

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Ibaraki ranks 18th out of the 41 prefectures in Japan according to ECI.

Estimated using exports data.

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Economic Complexity Ranking

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Scale

The economic complexity of a territory can change year to year. Ibaraki it is in position 18th considering its ECI in the last year.

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Export Opportunities by Relatedness

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The top export opportunities according to the relatedness level, without considering those products were Ibaraki already has a comparative advantage, are led by Ethers (0.096), Silicone (0.096), X-Ray Equipment (0.09), Flat-Rolled Stainless Steel (0.087), and Fork-Lifts (0.087).

Most Complex Products by PCI

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The highest complexity exports of Ibaraki according to the product complexity index (PCI) are Transmissions (1.49), Valves (1.48), Lubricating Products (1.47), Flat Flat-Rolled Steel (1.45), and Liquid Pumps (1.38). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

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The most specialized products according to the RCA index are led by Large Construction Vehicles (37.5), Hot-Rolled Iron (33.6), Vehicle Bodies (27.2), Cyclic Hydrocarbons (23.7), and Sodium or Potassium Peroxides (21.4).

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 Ibaraki 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.

Relatedness Space

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This network shows the products most related to the production structure of  Ibaraki. These are products that tend to be co-exported with the products that Ibaraki exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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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.