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.
Overview: In February 2021 Mie exported ¥65.2B and imported ¥127B, resulting in a negative trade balance of ¥62.2B. Between February 2020 and February 2021 the exports of Mie have increased by $2.88B (4.62%) from ¥62.3B to ¥65.2B, while imports decreased by ¥-403M (-0.32%) from ¥128B to ¥127B.
Trade: In February 2021, the top exports of Mie were Passenger and Cargo Ships (Â¥6.28B), Commodities not elsewhere specified (Â¥5.82B), Refined Petroleum (Â¥4.87B), Vehicle Parts (Â¥4.82B), and Telephones (Â¥2.67B). In February 2021 the top imports of Mie were Crude Petroleum (Â¥50B), Petroleum Gas (Â¥42.6B), Nickel Mattes (Â¥6.21B), Refined Petroleum (Â¥3.99B), and Coal Briquettes (Â¥2.54B).
Destinations: In February 2021, Mie exported mostly to China (Â¥13.9B), Panama (Â¥6.29B), United States (Â¥4.6B), Taiwan (Â¥4.49B), and South Korea (Â¥4.48B), and imported mostly from Saudi Arabia (Â¥32.1B), United States (Â¥23.3B), United Arab Emirates (Â¥15.2B), Indonesia (Â¥10.6B), and Malaysia (Â¥9.26B).
Growth: In February 2021, the increase in Mie's year-by-year exports was explained primarily by an increase in exports to Singapore (Â¥1.53B or 365%), Malaysia (Â¥1.39B or 83.5%), and China (Â¥1.37B or 11%), and product exports increase in Telephones (Â¥2.67B or 433k%), Commodities not elsewhere specified (Â¥896M or 18.2%), and Self-adhesive Plastics (Â¥739M or 280%). In February 2021, the decrease in Mie's year-by-year imports was explained primarily by an decrease in imports from United Arab Emirates (Â¥-15B or -49.7%), Australia (Â¥-5.74B or -63%), and Oman (Â¥-3.08B or -100%), and product imports decrease in Crude Petroleum (Â¥-17.1B or -25.4%), Titanium Ore (Â¥-1.19B or -92.8%), and Nickel Mattes (Â¥-716M or -10.3%).
EXPORT GROWTH (February 2020 - February 2021): ¥2.88B, (4.62%)
IMPORT GROWTH (February 2020 - February 2021): ¥-403M, (-0.32%)
This section shows exports and imports data at subnational level for Mie. 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 Mie over time.
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.
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 (Â¥ 141B), United Kingdom (Â¥ 68.3B), Taiwan (Â¥ 66.9B), United States (Â¥ 56.7B), and South Korea (Â¥ 54.7B).
In 2020 the top exports of Mie were Commodities not specified according to kind (Â¥ 73B), Vehicles; with both spark-ignition internal combustion... (Â¥ 67B), Cargo vessels other than tanker or... (Â¥ 45.6B), Parts, electric switches, protectors & connectors... (Â¥ 32.7B), and Transmissions for motor vehicles (Â¥ 30.7B).
Fastest Growing Exports Destination (Feb 2020 - Feb 2021)
Rapidly Declining Export Origins (Feb 2020 - Feb 2021)
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 (Â¥ 301B), United Arab Emirates (Â¥ 164B), Indonesia (Â¥ 109B), Australia (Â¥ 102B), and United States (Â¥ 63.7B).
In 2020 the top imports of Mie were Petroleum oils, oils from bituminous minerals,... (Â¥ 508B), Natural gas, liquefied (Â¥ 213B), Nickel mattes (Â¥ 67.2B), Petroleum spirit for motor vehicles (Â¥ 41.2B), and Propane, liquefied (Â¥ 29.4B).
Fastest Growing Import Origins (Feb 2020 - Feb 2021)
Rapidly Declining Import Origins (Feb 2020 - Feb 2021)
Mie ranks 11th 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. Mie it is in position 11th considering its ECI in the last year.
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).
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.
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.
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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