Iwate

Prefecture in Tōhoku Region of Japan

2019
Economic
Complexity
: -0.12, Rank 36 of 41

Feb 2021
Trade
Exports | Imports
: ¥ 1.87B | ¥ 1.83B, 37 of 41 | 40 of 41

Feb 2021
Country
Destination | Origin
: United States | Indonesia , ¥ 950M  | ¥ 605M

Feb 2021
Product
Exports | Imports
: Centrifuges | Corn , ¥ 848M  | ¥ 624M

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

Exports: In 2020, Japan's Iwate exported ¥ 15.2B, making it the 39th largest exporter out of the 41 exporters in Japan. In 2020 the top exports of Iwate were Filtering/purifying machinery for liquids nes (¥ 5.32B), Paper and paperboard: coated, impregnated or... (¥ 3.59B), Parts of semiconductor devices and similar... (¥ 1.67B), Iron or non-alloy steel: bars and... (¥ 882M), and Fish: frozen, n.e.c. in heading 0303,... (¥ 477M).

Imports: In 2020, Japan's Iwate imported ¥ 15.7B, making it the 40th largest importer out of the 41 importers in Japan. In 2020 top imports of Iwate were Palm nut or kernel oil cake... (¥ 2.85B), Vegetable oil-cake and other solid residues... (¥ 2.42B), Maize except seed corn (¥ 2.3B), Bituminous coal, not agglomerated (¥ 1.76B), and Pneumatic tyres new of rubber for... (¥ 613M).

Economic Complexity: In 2019, the highest complexity exports of Iwate according to the product complexity index (PCI) are Self-adhesive Plastics (1.38), Semiconductor Devices (0.99), Centrifuges (0.95), Harvesting Machinery (0.87), and Medical Instruments (0.73). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Comparison in Time

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Flow
Value

This section shows the differences between Iwate's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit Japan's country profile.

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Yearly Exports

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Value
Depth

Top Destination (2020): United States, ¥ 5.04B

Top Product (2020): Filtering/purifying machinery for liquids nes, ¥ 5.32B

In 2020 the top export destinations of Iwate were United States (¥ 5.04B), China (¥ 2.18B), Belgium (¥ 2.05B), Netherlands (¥ 1.37B), and Germany (¥ 907M).

In 2020 the top exports of Iwate were Filtering/purifying machinery for liquids nes (¥ 5.32B), Paper and paperboard: coated, impregnated or... (¥ 3.59B), Parts of semiconductor devices and similar... (¥ 1.67B), Iron or non-alloy steel: bars and... (¥ 882M), and Fish: frozen, n.e.c. in heading 0303,... (¥ 477M).

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Exports Dynamics

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Fastest Growing Exports Destination (Feb 2020 - Feb 2021)

Rapidly Declining Export Origins (Feb 2020 - Feb 2021)

Yearly Imports

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Value
Depth

Top Origin (2020): Indonesia, ¥ 4.83B

Top Import (2020): Palm nut or kernel oil cake..., ¥ 2.85B

In 2020 the top import origins of Iwate were Indonesia (¥ 4.83B), Russia (¥ 2.47B), China (¥ 2.28B), Brazil (¥ 1.59B), and United States (¥ 1.2B).

In 2020 the top imports of Iwate were Palm nut or kernel oil cake... (¥ 2.85B), Vegetable oil-cake and other solid residues... (¥ 2.42B), Maize except seed corn (¥ 2.3B), Bituminous coal, not agglomerated (¥ 1.76B), and Pneumatic tyres new of rubber for... (¥ 613M).

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Imports Dynamics

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Fastest Growing Import Origins (Feb 2020 - Feb 2021)

Rapidly Declining Import Origins (Feb 2020 - Feb 2021)

Economic Complexity

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Economic Complexity of Japan

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Iwate ranks 36th 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. Iwate it is in position 36th 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 Iwate already has a comparative advantage, are led by Sawn Wood (0.029), Scrap Iron (0.028), Special Purpose Ships (0.028), Pasta (0.027), and Sauces and Seasonings (0.027).

Most Complex Products by PCI

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The highest complexity exports of Iwate according to the product complexity index (PCI) are Self-adhesive Plastics (1.38), Semiconductor Devices (0.99), Centrifuges (0.95), Harvesting Machinery (0.87), and Medical Instruments (0.73). 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 Cellulose Fibers Paper (341), Hot-Rolled Iron Bars (266), Steel Bars (187), Non-fillet Frozen Fish (61.6), and Centrifuges (25.5).

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 Iwate 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  Iwate. These are products that tend to be co-exported with the products that Iwate 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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Depth
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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.