2019 Economic Complexity: 0.21, Rank 30 of 41
Feb 2021 Trade Exports | Imports: ¥ 2.48B | ¥ 8.1B, 35 of 41 | 29 of 41
Feb 2021 Country Destination | Origin: South Korea | Australia , ¥ 601M | ¥ 1.8B
Feb 2021 Product Exports | Imports: Electric Soldering Equipment | Coal Briquettes , ¥ 779M | ¥ 1.72B
Overview: This page contains the latest international trade data for Kumamoto, including export and import data.
Exports: In 2020, Japan's Kumamoto exported ¥ 34.2B, making it the 36th largest exporter out of the 41 exporters in Japan. In 2020 the top exports of Kumamoto were Electric, laser and ultrasonic welding equipment... (¥ 6.28B), Outboard motors, spark-ignition (¥ 3.51B), Motorcycles, spark ignition engine of >... (¥ 3.49B), Ferrous waste or scrap, nes (¥ 2.2B), and Artificial graphite (¥ 2.1B).
Imports: In 2020, Japan's Kumamoto imported ¥ 93.1B, making it the 30th largest importer out of the 41 importers in Japan. In 2020 top imports of Kumamoto were Bituminous coal, not agglomerated (¥ 14.6B), Maize except seed corn (¥ 11.1B), Undenatured ethyl alcohol > 80% by... (¥ 8.03B), Photosensitive/photovoltaic/LED semiconductor devices (¥ 7.41B), and Wood in chips, non-coniferous (¥ 4.65B).
Economic Complexity: In 2019, the highest complexity exports of Kumamoto according to the product complexity index (PCI) are Machinery Having Individual Functions (1.93), Other Measuring Instruments (1.86), Electric Soldering Equipment (1.72), Artificial Textile Machinery (1.62), and Transmissions (1.59). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Overview: In February 2021 Kumamoto exported ¥2.48B and imported ¥8.1B, resulting in a negative trade balance of ¥5.62B. Between February 2020 and February 2021 the exports of Kumamoto have decreased by $-141M (-5.4%) from ¥2.62B to ¥2.48B, while imports increased by ¥408M (5.3%) from ¥7.69B to ¥8.1B.
Trade: In February 2021, the top exports of Kumamoto were Electric Soldering Equipment (Â¥779M), Scrap Iron (Â¥254M), Spark-Ignition Engines (Â¥159M), Raw Iron Bars (Â¥144M), and Raw Plastic Sheeting (Â¥139M). In February 2021 the top imports of Kumamoto were Coal Briquettes (Â¥1.72B), Raw Aluminium (Â¥1.43B), Corn (Â¥933M), Fuel Wood (Â¥727M), and Alcohol > 80% ABV (Â¥602M).
Destinations: In February 2021, Kumamoto exported mostly to South Korea (Â¥601M), China (Â¥542M), United States (Â¥330M), Taiwan (Â¥149M), and Malaysia (Â¥138M), and imported mostly from Australia (Â¥1.8B), Brazil (Â¥1.53B), Russia (Â¥1.52B), Vietnam (Â¥1.1B), and China (Â¥850M).
Growth: In February 2021, the decrease in Kumamoto's year-by-year exports was explained primarily by an decrease in exports to Thailand (Â¥-335M or -97.9%), China (Â¥-171M or -24%), and United Kingdom (Â¥-53.4M or -69.9%), and product exports decrease in Motorcycles (Â¥-564M or -89.8%), Live Fish (Â¥-42M or -58.2%), and Spark-Ignition Engines (Â¥-25.5M or -13.8%). In February 2021, the increase in Kumamoto's year-by-year imports was explained primarily by an increase in imports from Russia (Â¥1.1B or 258%), Vietnam (Â¥697M or 172%), and Malaysia (Â¥291M or 322%), and product imports increase in Raw Aluminium (Â¥1.11B or 340%), Nitrogenous Fertilizers (Â¥397M or 16.1k%), and Coal Briquettes (Â¥331M or 23.9%).
EXPORT GROWTH (February 2020 - February 2021): ¥-141M, (-5.4%)
IMPORT GROWTH (February 2020 - February 2021): ¥408M, (5.3%)
This section shows exports and imports data at subnational level for Kumamoto. 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 Kumamoto over time.
This section shows the differences between Kumamoto's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit Japan's country profile.
Top Destination (2020): China, ¥ 10.3B
Top Product (2020): Electric, laser and ultrasonic welding equipment..., ¥ 6.28B
In 2020 the top export destinations of Kumamoto were China (Â¥ 10.3B), South Korea (Â¥ 6.73B), Indonesia (Â¥ 2.85B), United States (Â¥ 2.59B), and Thailand (Â¥ 2.36B).
In 2020 the top exports of Kumamoto were Electric, laser and ultrasonic welding equipment... (Â¥ 6.28B), Outboard motors, spark-ignition (Â¥ 3.51B), Motorcycles, spark ignition engine of >... (Â¥ 3.49B), Ferrous waste or scrap, nes (Â¥ 2.2B), and Artificial graphite (Â¥ 2.1B).
Fastest Growing Exports Destination (Feb 2020 - Feb 2021)
Rapidly Declining Export Origins (Feb 2020 - Feb 2021)
Top Origin (2020): China, ¥ 20.8B
Top Import (2020): Bituminous coal, not agglomerated, ¥ 14.6B
In 2020 the top import origins of Kumamoto were China (Â¥ 20.8B), Australia (Â¥ 15.4B), Brazil (Â¥ 12.8B), United States (Â¥ 8.93B), and Vietnam (Â¥ 8.45B).
In 2020 the top imports of Kumamoto were Bituminous coal, not agglomerated (Â¥ 14.6B), Maize except seed corn (Â¥ 11.1B), Undenatured ethyl alcohol > 80% by... (Â¥ 8.03B), Photosensitive/photovoltaic/LED semiconductor devices (Â¥ 7.41B), and Wood in chips, non-coniferous (Â¥ 4.65B).
Kumamoto ranks 30th 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. Kumamoto it is in position 30th considering its ECI in the last year.
The top export opportunities according to the relatedness level, without considering those products were Kumamoto already has a comparative advantage, are led by Metalworking Machine Parts (0.073), Rubberworking Machinery (0.07), Interchangeable Tool Parts (0.069), Tool Plates (0.068), and Combustion Engines (0.067).
The highest complexity exports of Kumamoto according to the product complexity index (PCI) are Machinery Having Individual Functions (1.93), Other Measuring Instruments (1.86), Electric Soldering Equipment (1.72), Artificial Textile Machinery (1.62), and Transmissions (1.59). 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 Artificial Graphite (320), Electric Soldering Equipment (280), Stone Working Machines (108), Live Fish (95.8), and Motorcycles (87.9).
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 Kumamoto 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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