Mie

Prefecture in Kansai Region of Japan

Exports (2019): ¥ 908B, Rnk 12/41

Top Destination (2019): ¥ 139B, China

Top Export (2019): ¥ 66.9B, Light petroleum distillates nes

Imports (2019): ¥ 1.66T, Rnk 9/41

Top Origin (2019): ¥ 525B, Saudi Arabia

Top Import (2019): ¥ 839B, Petroleum oils, oils from bituminous minerals,...

Economic Complexity (2019): 0.7, Rnk 11 / 41

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

Exports: In 2019, Japan's Mie exported ¥ 908B, making it the 12th largest exporter out of the 41 exporters in Japan. In 2019 the top exports of Mie were Light petroleum distillates nes (¥ 66.9B), Commodities not specified according to kind (¥ 65.3B), Tankers (¥ 45B), Xylole (¥ 40.7B), and Transmissions for motor vehicles (¥ 39.9B).

Imports: In 2019, Japan's Mie imported ¥ 1.66T, making it the 9th largest importer out of the 41 importers in Japan. In 2019 top imports of Mie were Petroleum oils, oils from bituminous minerals,... (¥ 839B), Natural gas, liquefied (¥ 302B), Nickel mattes (¥ 67.6B), Petroleum spirit for motor vehicles (¥ 48.2B), and Propane, liquefied (¥ 41.3B).

Economic Complexity: In 2019, the highest complexity exports of Mie according to the product complexity index (PCI) are Metalworking Transfer Machines (2.43), Photographic Chemicals (2.17), Metal Finishing Machines (1.67), Metalworking Machines (1.67), and Iron Fasteners (1.66). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

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Top Destination (2019): China, ¥ 139B

Top Product (2019): Light petroleum distillates nes, ¥ 66.9B

In 2019 the top export destinations of Mie were China (¥ 139B), South Korea (¥ 82.1B), Taiwan (¥ 80.7B), United States (¥ 72B), and United Kingdom (¥ 55.6B).

In 2019 the top exports of Mie were Light petroleum distillates nes (¥ 66.9B), Commodities not specified according to kind (¥ 65.3B), Tankers (¥ 45B), Xylole (¥ 40.7B), and Transmissions for motor vehicles (¥ 39.9B).

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Export Dynamics

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Fastest Growing Exports Destination (June 2019 - June 2020)

Rapidly Declining Export Origins (June 2019 - June 2020)

Yearly Imports

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Top Origin (2019): Saudi Arabia, ¥ 525B

Top Import (2019): Petroleum oils, oils from bituminous minerals,..., ¥ 839B

In 2019 the top import origins of Mie were Saudi Arabia (¥ 525B), United Arab Emirates (¥ 199B), Qatar (¥ 147B), Indonesia (¥ 140B), and Australia (¥ 118B).

In 2019 the top imports of Mie were Petroleum oils, oils from bituminous minerals,... (¥ 839B), Natural gas, liquefied (¥ 302B), Nickel mattes (¥ 67.6B), Petroleum spirit for motor vehicles (¥ 48.2B), and Propane, liquefied (¥ 41.3B).

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Import Dynamics

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Fastest Growing Import Origins (June 2019 - June 2020)

Rapidly Declining Import Origins (June 2019 - June 2020)

Comparison in Time

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This section shows differences between total trade from Mie throughout time.

This section shows forecasts for total exports and imports from Mie. The forecast is based in a Long Short-Term Memory Model constructed using monthly trade data.

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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 (0.17), Non-Mechanical Removal Machinery (0.17), Silicone (0.17), Disc Chemicals for Electronics (0.16), and Electrical Parts (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 (2.43), Photographic Chemicals (2.17), Metal Finishing Machines (1.67), Metalworking Machines (1.67), and Iron Fasteners (1.66). 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 Other Inorganic Acids Salts (85.3), Polishes and Creams (79.8), Coal Tar Oil (31.6), Photographic Chemicals (29.7), and Fluorides (29.4).

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.