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): -0.11, Rnk 36 / 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.
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).
Fastest Growing Exports Destination (Nov 2019 - Nov 2020)
Rapidly Declining Export Origins (Nov 2019 - Nov 2020)
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).
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.
Iwate ranks 36th out of the 41 prefectures in Japan according to ECI.
Estimated using exports data.
The economic complexity of a territory can change year to year. Iwate it is in position 36th considering its ECI in the last year.
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).
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.
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.
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.
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