Mie

Prefecture in Kansai Region of Japan

2019
Economic
Complexity
: 0.71, Rank 11 of 41

Feb 2021
Trade
Exports | Imports
: ¥ 65.2B | ¥ 127B, 12 of 41 | 8 of 41

Feb 2021
Country
Destination | Origin
: China | Saudi Arabia , ¥ 13.9B  | ¥ 32.1B

Feb 2021
Product
Exports | Imports
: Passenger and Cargo Ships | Crude Petroleum , ¥ 6.28B  | ¥ 50B

Overview: This page contains the latest international trade data for Mie, including export and import data.

Exports: In 2020, Japan's Mie exported ¥ 772B, making it the 13th largest exporter out of the 41 exporters in Japan. In 2020 the top exports of Mie were Commodities not specified according to kind (¥ 73B), Vehicles; with both spark-ignition internal combustion... (¥ 67B), Cargo vessels other than tanker or... (¥ 45.6B), Parts, electric switches, protectors & connectors... (¥ 32.7B), and Transmissions for motor vehicles (¥ 30.7B).

Imports: In 2020, Japan's Mie imported ¥ 1.15T, making it the 9th largest importer out of the 41 importers in Japan. In 2020 top imports of Mie were Petroleum oils, oils from bituminous minerals,... (¥ 508B), Natural gas, liquefied (¥ 213B), Nickel mattes (¥ 67.2B), Petroleum spirit for motor vehicles (¥ 41.2B), and Propane, liquefied (¥ 29.4B).

Economic Complexity: In 2019, the highest complexity exports of Mie according to the product complexity index (PCI) are Metalworking Transfer Machines (2.32), Photographic Chemicals (2.16), Other Esters (1.85), Metalworking Machines (1.82), and Iron Fasteners (1.81). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Comparison in Time

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Flow
Value

This section shows the differences between Mie's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit Japan's country profile.

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Yearly Exports

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Depth

Top Destination (2020): China, ¥ 141B

Top Product (2020): Commodities not specified according to kind, ¥ 73B

In 2020 the top export destinations of Mie were China (¥ 141B), United Kingdom (¥ 68.3B), Taiwan (¥ 66.9B), United States (¥ 56.7B), and South Korea (¥ 54.7B).

In 2020 the top exports of Mie were Commodities not specified according to kind (¥ 73B), Vehicles; with both spark-ignition internal combustion... (¥ 67B), Cargo vessels other than tanker or... (¥ 45.6B), Parts, electric switches, protectors & connectors... (¥ 32.7B), and Transmissions for motor vehicles (¥ 30.7B).

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Exports Dynamics

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Fastest Growing Exports Destination (Feb 2020 - Feb 2021)

Rapidly Declining Export Origins (Feb 2020 - Feb 2021)

Yearly Imports

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Value
Depth

Top Origin (2020): Saudi Arabia, ¥ 301B

Top Import (2020): Petroleum oils, oils from bituminous minerals,..., ¥ 508B

In 2020 the top import origins of Mie were Saudi Arabia (¥ 301B), United Arab Emirates (¥ 164B), Indonesia (¥ 109B), Australia (¥ 102B), and United States (¥ 63.7B).

In 2020 the top imports of Mie were Petroleum oils, oils from bituminous minerals,... (¥ 508B), Natural gas, liquefied (¥ 213B), Nickel mattes (¥ 67.2B), Petroleum spirit for motor vehicles (¥ 41.2B), and Propane, liquefied (¥ 29.4B).

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Imports Dynamics

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Fastest Growing Import Origins (Feb 2020 - Feb 2021)

Rapidly Declining Import Origins (Feb 2020 - Feb 2021)

Economic Complexity

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Economic Complexity of Japan

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Mie ranks 11th out of the 41 prefectures in Japan according to ECI.

Estimated using exports data.

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Economic Complexity Ranking

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Scale

The economic complexity of a territory can change year to year. Mie it is in position 11th considering its ECI in the last year.

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Export Opportunities by Relatedness

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The top export opportunities according to the relatedness level, without considering those products were Mie already has a comparative advantage, are led by Phenols (0.18), Disc Chemicals for Electronics (0.17), Silicone (0.17), Other Nitrogen Compounds (0.16), and Oscilloscopes (0.16).

Most Complex Products by PCI

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The highest complexity exports of Mie according to the product complexity index (PCI) are Metalworking Transfer Machines (2.32), Photographic Chemicals (2.16), Other Esters (1.85), Metalworking Machines (1.82), and Iron Fasteners (1.81). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

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The most specialized products according to the RCA index are led by Polishes and Creams (80.5), Other Inorganic Acids Salts (68.4), Photographic Chemicals (31), Coal Tar Oil (29.9), and Fluorides (29.5).

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 Mie 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.

Relatedness Space

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

Diversification Frontier

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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.