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.
Overview: In February 2021 Iwate exported ¥1.87B and imported ¥1.83B, resulting in a positive trade balance of ¥37.7M. Between February 2020 and February 2021 the exports of Iwate have increased by $533M (39.9%) from ¥1.33B to ¥1.87B, while imports increased by ¥336M (22.4%) from ¥1.49B to ¥1.83B.
Trade: In February 2021, the top exports of Iwate were Centrifuges (¥848M), Cellulose Fibers Paper (¥320M), Semiconductor Devices (¥201M), Hot-Rolled Iron Bars (¥161M), and Steel Bars (¥73.8M). In February 2021 the top imports of Iwate were Corn (¥624M), Other Vegetable Residues (¥601M), Coal Briquettes (¥120M), Commodities not elsewhere specified (¥110M), and Lignite (¥55.5M).
Destinations: In February 2021, Iwate exported mostly to United States (¥950M), China (¥288M), Belgium (¥169M), Germany (¥111M), and France (¥86.3M), and imported mostly from Indonesia (¥605M), United States (¥587M), Russia (¥282M), China (¥126M), and Brazil (¥71.1M).
Growth: In February 2021, the increase in Iwate's year-by-year exports was explained primarily by an increase in exports to United States (¥439M or 85.9%), China (¥119M or 70.6%), and Germany (¥110M or 8.04k%), and product exports increase in Centrifuges (¥549M or 183%), Hot-Rolled Iron Bars (¥126M or 364%), and Steel Bars (¥72.4M or 5.37k%). In February 2021, the increase in Iwate's year-by-year imports was explained primarily by an increase in imports from United States (¥571M or 3.51k%), Indonesia (¥123M or 25.6%), and Russia (¥101M or 55.9%), and product imports increase in Corn (¥395M or 172%), Commodities not elsewhere specified (¥95.7M or 673%), and Other Vegetable Residues (¥78.3M or 15%).
EXPORT GROWTH (February 2020 - February 2021): ¥533M, (39.9%)
IMPORT GROWTH (February 2020 - February 2021): ¥336M, (22.4%)
This section shows exports and imports data at subnational level for Iwate. 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 Iwate over time.
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.
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).
Fastest Growing Exports Destination (Feb 2020 - Feb 2021)
Rapidly Declining Export Origins (Feb 2020 - Feb 2021)
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).
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), Special Purpose Ships (0.028), Pasta (0.027), and Sauces and Seasonings (0.027).
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.
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.
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.
Have questions, comments, or concerns?
Send us an e-mail: [email protected]
v4.0.7 bee
Iwate