Iwate

Prefecture in Tōhoku Region of Japan

Exports (2019): ¥ 17.5B, Rnk 40/41

Top Destination (2019): ¥ 7.06B, United States

Top Export (2019): ¥ 6.31B, Paper and paperboard: coated, impregnated or...

Imports (2019): ¥ 13.4B, Rnk 40/41

Top Origin (2019): ¥ 3.48B, Russia

Top Import (2019): ¥ 2.78B, Maize except seed corn

Economic Complexity (2019): -0.16, Rnk 37 / 41

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

Exports: In 2019, Japan's Iwate exported ¥ 17.5B, making it the 40th largest exporter out of the 41 exporters in Japan. In 2019 the top exports of Iwate were Paper and paperboard: coated, impregnated or... (¥ 6.31B), Iron or non-alloy steel: bars and... (¥ 3.06B), Parts of semiconductor devices and similar... (¥ 2.01B), Filtering/purifying machinery for liquids nes (¥ 1.67B), and Bar/rod, alloy steel nes, irregularly wound... (¥ 974M).

Imports: In 2019, Japan's Iwate imported ¥ 13.4B, making it the 40th largest importer out of the 41 importers in Japan. In 2019 top imports of Iwate were Maize except seed corn (¥ 2.78B), Bituminous coal, not agglomerated (¥ 2.69B), Parts for electric motors and generators (¥ 778M), Palm nut or kernel oil cake... (¥ 681M), and Pneumatic tyres new of rubber for... (¥ 603M).

Economic Complexity: In 2019, the highest complexity exports of Iwate according to the product complexity index (PCI) are Self-adhesive Plastics (1.6), Semiconductor Devices (0.89), Harvesting Machinery (0.88), Centrifuges (0.82), and Medical Instruments (0.79). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

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Value
Depth

Top Destination (2019): United States, ¥ 7.06B

Top Product (2019): Paper and paperboard: coated, impregnated or..., ¥ 6.31B

In 2019 the top export destinations of Iwate were United States (¥ 7.06B), China (¥ 2.81B), Netherlands (¥ 1.99B), Thailand (¥ 1.4B), and Singapore (¥ 1.17B).

In 2019 the top exports of Iwate were Paper and paperboard: coated, impregnated or... (¥ 6.31B), Iron or non-alloy steel: bars and... (¥ 3.06B), Parts of semiconductor devices and similar... (¥ 2.01B), Filtering/purifying machinery for liquids nes (¥ 1.67B), and Bar/rod, alloy steel nes, irregularly wound... (¥ 974M).

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Export Dynamics

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Fastest Growing Exports Destination (June 2019 - June 2020)

Rapidly Declining Export Origins (June 2019 - June 2020)

Yearly Imports

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Depth

Top Origin (2019): Russia, ¥ 3.48B

Top Import (2019): Maize except seed corn, ¥ 2.78B

In 2019 the top import origins of Iwate were Russia (¥ 3.48B), China (¥ 2.88B), United States (¥ 2.18B), Brazil (¥ 1.11B), and Indonesia (¥ 1.03B).

In 2019 the top imports of Iwate were Maize except seed corn (¥ 2.78B), Bituminous coal, not agglomerated (¥ 2.69B), Parts for electric motors and generators (¥ 778M), Palm nut or kernel oil cake... (¥ 681M), and Pneumatic tyres new of rubber for... (¥ 603M).

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Import Dynamics

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Fastest Growing Import Origins (June 2019 - June 2020)

Rapidly Declining Import Origins (June 2019 - June 2020)

Comparison in Time

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Flow
Value

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

This section shows forecasts for total exports and imports from Iwate. 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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Iwate ranks 37th 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 37th 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), Malt Extract (0.027), Pasta (0.027), and Sauces and Seasonings (0.026).

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 (1.6), Semiconductor Devices (0.89), Harvesting Machinery (0.88), Centrifuges (0.82), and Medical Instruments (0.79). 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 (356), Hot-Rolled Iron Bars (276), Steel Bars (171), Non-fillet Frozen Fish (62.3), and Centrifuges (25.8).

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.