2020 Economic Complexity : 0.74, Rank 8 of 41
Dec 2022 Trade Exports | Imports: ¥ 941B | ¥ 901B, 4 of 41 | 4 of 41
Dec 2022 Country Destination | Origin: China | China , ¥ 196B | ¥ 168B
Dec 2022 Product Exports | Imports: Medium Sized Cars | Natural gas, liquefied , ¥ 92.2B | ¥ 129B
Overview This page contains the latest international trade data for Kanagawa. In December 2022 Kanagawa was the number 4 in total exports and the number 4 in total imports in Japan.
Exports In 2022, Japan's Kanagawa exported ¥ 9.56T, making it the 4th largest exporter out of the 41 exporters in Japan. In 2022 the top exports of Kanagawa were Medium Sized Cars (¥ 728B), Diesel Trucks 5-20 tonnes (¥ 508B), Commodities not specified according to kind (¥ 384B), Shovels and excavators with revolving superstructure (¥ 185B), and Transmissions for motor vehicles (¥ 179B).
Imports In 2022, Japan's Kanagawa imported ¥ 10.7T, making it the 4th largest importer out of the 41 importers in Japan. In 2022 top imports of Kanagawa were Petroleum oils, oils from bituminous minerals,... (¥ 1.63T), Natural gas, liquefied (¥ 1.56T), Petroleum spirit for motor vehicles (¥ 253B), Bituminous coal, not agglomerated (¥ 219B), and Propane, liquefied (¥ 169B).
Economic Complexity In 2020, the highest complexity exports of Kanagawa according to the product complexity index (PCI) are Metalworking Transfer Machines (2.43), Rolling Machines (1.49), Nickel Sheets (1.45), Photographic Plates (1.35), and Glass Balls (1). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
December, 2022
Overview In December 2022 Kanagawa exported ¥941B and imported ¥901B, resulting in a positive trade balance of ¥40.9B. Between December 2021 and December 2022 the exports of Kanagawa have increased by $147B (18.5%) from ¥795B to ¥941B, while imports increased by ¥160B (21.6%) from ¥741B to ¥901B.
Trade In December 2022, the top exports of Kanagawa were Cars (¥141B), Delivery Trucks (¥66.8B), Motor vehicles; parts and accessories (8701... (¥42.9B), Commodities not elsewhere specified (¥39.8B), and Machines and apparatus of a kind... (¥27B). In December 2022 the top imports of Kanagawa were Petroleum Gas (¥147B), Crude Petroleum (¥127B), Refined Petroleum (¥30.4B), Coal Briquettes (¥29.7B), and Raw Aluminium (¥16.8B).
Destinations In December 2022, Kanagawa exported mostly to China (¥196B), United States (¥190B), Taiwan (¥57.3B), Australia (¥45.6B), and Thailand (¥42.8B), and imported mostly from China (¥168B), Australia (¥111B), Saudi Arabia (¥90.4B), United States (¥82.4B), and Thailand (¥34.1B).
Growth In December 2022, the increase in Kanagawa's year-by-year exports was explained primarily by an increase in exports to Australia (¥15.1B or 63.3%), Bahamas (¥10.9B or 80.6k%), and United States (¥5.01B or 5.87%), and product exports increase in Delivery Trucks (¥8.23B or 21.6%), Passenger and Cargo Ships (¥6.08B or 128%), and Refined Petroleum (¥5.42B or 63.4%). In December 2022, the increase in Kanagawa's year-by-year imports was explained primarily by an increase in imports from Australia (¥46.6B or 142%), Saudi Arabia (¥39.8B or 151%), and China (¥39.2B or 33.7%), and product imports increase in Petroleum Gas (¥60.7B or 86.5%), Crude Petroleum (¥55.9B or 121%), and Refined Petroleum (¥14B or 193%).
EXPORT GROWTH (December 2021 - December 2022): ¥147B, (18.5%)
IMPORT GROWTH (December 2021 - December 2022): ¥160B, (21.6%)
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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Top Destination (2022): China, ¥ 2.08T
Top Product (2022): Medium Sized Cars, ¥ 728B
In 2022 the top export destinations of Kanagawa were China (¥ 2.08T), United States (¥ 1.69T), Taiwan (¥ 564B), South Korea (¥ 494B), and Australia (¥ 464B).
In 2022 the top exports of Kanagawa were Medium Sized Cars (¥ 728B), Diesel Trucks 5-20 tonnes (¥ 508B), Commodities not specified according to kind (¥ 384B), Shovels and excavators with revolving superstructure (¥ 185B), and Transmissions for motor vehicles (¥ 179B).
Fastest Growing Exports Destination (Dec 2021 - Dec 2022)
Rapidly Declining Export Origins (Dec 2021 - Dec 2022)
Top Origin (2022): China, ¥ 2.01T
Top Import (2022): Petroleum oils, oils from bituminous minerals,..., ¥ 1.63T
In 2022 the top import origins of Kanagawa were China (¥ 2.01T), Australia (¥ 1.3T), United States (¥ 919B), Saudi Arabia (¥ 886B), and United Arab Emirates (¥ 723B).
In 2022 the top imports of Kanagawa were Petroleum oils, oils from bituminous minerals,... (¥ 1.63T), Natural gas, liquefied (¥ 1.56T), Petroleum spirit for motor vehicles (¥ 253B), Bituminous coal, not agglomerated (¥ 219B), and Propane, liquefied (¥ 169B).
Fastest Growing Import Origins (Dec 2021 - Dec 2022)
Rapidly Declining Import Origins (Dec 2021 - Dec 2022)
Economic Complexity (2022): 0.74
Kanagawa ranks 8th 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.
The economic complexity of a territory can change year to year. Kanagawa it is in position 8th considering its ECI in the last year.
The top export opportunities according to the relatedness level, without considering those products were Kanagawa already has a comparative advantage, are led by Blown Glass (0.39), Cermets (0.39), Epoxides (0.38), Blank Audio Media (0.37), and Other Esters (0.37).
The highest complexity exports of Kanagawa according to the product complexity index (PCI) are Metalworking Transfer Machines (2.43), Rolling Machines (1.49), Nickel Sheets (1.45), Photographic Plates (1.35), and Glass Balls (1). 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 Nickel Sheets (36.4), Rolling Machines (35.2), Halogens (34.3), Photographic Plates (24.2), and Glass Balls (19.5).
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 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.
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.
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