Kanagawa | The Observatory of Economic Complexity

Kanagawa

Prefecture in Kantō Region of Japan

2023
Economic
Complexity 0.72Rank 7 of 41

Jan 2024
Trade
Exports | Imports ¥ 652B | ¥ 755B4 of 41 | 5 of 41

Jan 2024
Country
Destination | Origin United States | China ¥ 132B | ¥ 198B

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Image by Raita Futo
Link: https://flic.kr/p/JFxKzc

Latest Trends
Historical Data
Economic Complexity

About

Overview This page contains the latest international trade data for Kanagawa. In January 2024 Kanagawa was the number 4 in total exports and the number 5 in total imports in Japan.

Exports In 2023, Japan's Kanagawa exported ¥ 9.56T, making it the 4th largest exporter out of the 41 exporters in Japan. In 2023 the top exports of Kanagawa were Medium Sized Cars (¥ 852B), Diesel Trucks 5-20 tonnes (¥ 511B), Commodities not specified according to kind (¥ 460B), Shovels and excavators with revolving superstructure (¥ 236B), and Electric motor Vehicles (¥ 183B).

Imports In 2023, Japan's Kanagawa imported ¥ 10.7T, making it the 5th largest importer out of the 41 importers in Japan. In 2023 top imports of Kanagawa were Natural gas, liquefied (¥ 1.12T), Petroleum oils, oils from bituminous minerals,... (¥ 1.08T), Petroleum spirit for motor vehicles (¥ 264B), Bituminous coal, not agglomerated (¥ 150B), and Electric accumulators: lithium-ion, including separators, whether... (¥ 145B).

Economic Complexity In 2023, the highest complexity exports of Kanagawa according to the product complexity index (PCI) are Metalworking Machines (2.2), Photographic Chemicals (2.17), Photographic Film (2.06), Metalworking Transfer Machines (2.04), Non-optical Microscopes (1.97), Machinery Having Individual Functions (1.93), Non-Mechanical Removal Machinery (1.9), Phosphoric Esters and Salts (1.84), Oscilloscopes (1.81), and Iron Fasteners (1.79). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Latest Trends

January, 2024

About

Overview In January 2024 Kanagawa exported ¥652B and imported ¥755B, resulting in a negative trade balance of ¥103B. Between January 2023 and January 2024 the exports of Kanagawa have increased by $9.26B (1.44%) from ¥643B to ¥652B, while imports decreased by ¥-138B (-15.5%) from ¥893B to ¥755B.

Trade In January 2024, the top exports of Kanagawa were Cars (¥98.6B), Delivery Trucks (¥43.8B), Commodities not elsewhere specified (¥30.1B), Motor vehicles; parts and accessories (8701... (¥27.2B), and Medical Instruments (¥18.5B). In January 2024 the top imports of Kanagawa were Petroleum Gas (¥110B), Crude Petroleum (¥48.3B), Refined Petroleum (¥45B), Raw Aluminium (¥19.5B), and Motor vehicles; parts and accessories (8701... (¥14B).

Destinations In January 2024, Kanagawa exported mostly to United States (¥132B), China (¥131B), Taiwan (¥34.8B), South Korea (¥31.8B), and Australia (¥27.5B), and imported mostly from China (¥198B), Australia (¥85.3B), United States (¥72.6B), United Arab Emirates (¥53.3B), and South Korea (¥50.8B).

Growth In January 2024, the increase in Kanagawa's year-by-year exports was explained primarily by an increase in exports to United States (¥38.6B or 42.8%), India (¥7.57B or 81.8%), and Indonesia (¥6.68B or 52.8%), and product exports increase in Commodities not elsewhere specified (¥14.4B or 68.1%), Cars (¥11.8B or 17%), and Delivery Trucks (¥10.3B or 22.3%). In January 2024, the decrease in Kanagawa's year-by-year imports was explained primarily by an decrease in imports from Saudi Arabia (¥-42.5B or -64.2%), Malaysia (¥-22.1B or -63.9%), and Qatar (¥-3.89B or -31.8%), and product imports decrease in Crude Petroleum (¥-14.3B or -14%), Iron Ore (¥-5.83B or -59.5%), and Packaged Medicaments (¥-3.13B or -86.4%).

Latest Data

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

Product

EXPORT GROWTH (January 2023 - January 2024)¥9.26B(1.44%)

IMPORT GROWTH (January 2023 - January 2024)¥-138B(-15.5%)

This section shows exports and imports data at subnational level for Kanagawa. 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 Kanagawa over time.

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Historical Data

Yearly Exports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Destination (2023)China¥ 2.01T

Top Product (2023)Medium Sized Cars¥ 852B

In 2023 the top export destinations of Kanagawa were China (¥ 2.01T), United States (¥ 1.96T), Taiwan (¥ 518B), Australia (¥ 499B), and South Korea (¥ 433B).

In 2023 the top exports of Kanagawa were Medium Sized Cars (¥ 852B), Diesel Trucks 5-20 tonnes (¥ 511B), Commodities not specified according to kind (¥ 460B), Shovels and excavators with revolving superstructure (¥ 236B), and Electric motor Vehicles (¥ 183B).

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Exports Dynamics

Starting Date

Ending Date

Fastest Growing Exports Destination (Jan 2023 - Jan 2024)

China ¥ 23.2B (21.6%)

Malaysia ¥ 5.15B (32.9%)

India ¥ 4.07B (24.2%)

Rapidly Declining Export Origins (Jan 2023 - Jan 2024)

Australia ¥ -10.3B (-27.1%)

Indonesia ¥ -8.53B (-44.1%)

Bangladesh ¥ -3.84B (-66.5%)

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Yearly Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Origin (2023)China¥ 2.13T

Top Import (2023)Natural gas, liquefied¥ 1.12T

In 2023 the top import origins of Kanagawa were China (¥ 2.13T), Australia (¥ 958B), United States (¥ 859B), United Arab Emirates (¥ 631B), and Thailand (¥ 450B).

In 2023 the top imports of Kanagawa were Natural gas, liquefied (¥ 1.12T), Petroleum oils, oils from bituminous minerals,... (¥ 1.08T), Petroleum spirit for motor vehicles (¥ 264B), Bituminous coal, not agglomerated (¥ 150B), and Electric accumulators: lithium-ion, including separators, whether... (¥ 145B).

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Imports Dynamics

Starting Date

Ending Date

Fastest Growing Import Origins (Jan 2023 - Jan 2024)

South Korea ¥ 22.5B (79.4%)

Malaysia ¥ 4.21B (33.7%)

Chile ¥ 2.2B (30.8%)

Rapidly Declining Import Origins (Jan 2023 - Jan 2024)

Australia ¥ -44.7B (-34.4%)

Kuwait ¥ -24.3B (-90.2%)

United Arab Emirates ¥ -16.2B (-23.3%)

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Economic Complexity

Economic Complexity of Kanagawa

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Geomap

Treemap

Economic Complexity (2023)0.72

Kanagawa ranks 7th out of the 41 prefectures in Japan according to ECI.

The Economic Complexity Index, or ECI, is a measure of an economy’s capacity which can be inferred from data connecting locations to the activities that are present in them. For more info about Economic Complexity, visit the Economic Complexity page.

Estimated using exports data.

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Economic Complexity Ranking

Value

Ranking

Value

The economic complexity of a territory can change year to year. Kanagawa it is in position 7th considering its ECI in the last year.

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Export Opportunities by Relatedness

The top export opportunities according to the relatedness level, without considering those products were Kanagawa already has a comparative advantage, are led by Photo Lab Equipment (0.4), Precious Metal Compounds (0.38), Epoxides (0.37), Cermets (0.37), and Disc Chemicals for Electronics (0.37).

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Most Complex Products by PCI

The highest complexity exports of Kanagawa according to the product complexity index (PCI) are Metalworking Machines (2.2), Photographic Chemicals (2.17), Photographic Film (2.06), Metalworking Transfer Machines (2.04), Non-optical Microscopes (1.97), Machinery Having Individual Functions (1.93), Non-Mechanical Removal Machinery (1.9), Phosphoric Esters and Salts (1.84), Oscilloscopes (1.81), and Iron Fasteners (1.79). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

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Most Specialized Products by RCA Index

The most specialized products according to the RCA index are led by Nickel Sheets (51.40), Halogens (35.45), Rolling Machines (33.31), Photographic Plates (29.56), and Motor vehicle (8701 to 8705) chassis... (23.02).

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Product Space

RCA Filter

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 Kanagawa 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.

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Relatedness Space

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

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Diversification Frontier

Depth

Section

HS2

HS4

Filter

All

RCA≤1

RCA>1

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. Bubble size corresponds to exports value by year 2020.