Miyagi

Prefecture in Tōhoku Region of Japan

Exports (2019): ¥ 247B, Rnk 20/41

Top Destination (2019): ¥ 70.8B, United States

Top Export (2019): ¥ 53.2B, Pneumatic tyres new of rubber for...

Imports (2019): ¥ 789B, Rnk 18/41

Top Origin (2019): ¥ 112B, China

Top Import (2019): ¥ 287B, Petroleum oils, oils from bituminous minerals,...

Economic Complexity (2019): 0.27, Rnk 27 / 41

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

Exports: In 2019, Japan's Miyagi exported ¥ 247B, making it the 20th largest exporter out of the 41 exporters in Japan. In 2019 the top exports of Miyagi were Pneumatic tyres new of rubber for... (¥ 53.2B), Parts for spark-ignition engines except aircraft (¥ 14.9B), Light petroleum distillates nes (¥ 11.3B), Printing machinery: parts and accessories, n.e.c.... (¥ 9.42B), and Propene (propylene) (¥ 6.38B).

Imports: In 2019, Japan's Miyagi imported ¥ 789B, making it the 18th largest importer out of the 41 importers in Japan. In 2019 top imports of Miyagi were Petroleum oils, oils from bituminous minerals,... (¥ 287B), Natural gas, liquefied (¥ 58.5B), Petroleum spirit for motor vehicles (¥ 32B), Propane, liquefied (¥ 26B), and Photosensitive/photovoltaic/LED semiconductor devices (¥ 24.4B).

Economic Complexity: In 2019, the highest complexity exports of Miyagi according to the product complexity index (PCI) are Machinery Having Individual Functions (2.02), Tool Plates (1.98), Self-adhesive Plastics (1.6), Motor-working Tools (1.56), and Metalworking Machine Parts (1.53). 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): United States, ¥ 70.8B

Top Product (2019): Pneumatic tyres new of rubber for..., ¥ 53.2B

In 2019 the top export destinations of Miyagi were United States (¥ 70.8B), South Korea (¥ 37.4B), China (¥ 26.8B), Taiwan (¥ 13.3B), and Thailand (¥ 11.9B).

In 2019 the top exports of Miyagi were Pneumatic tyres new of rubber for... (¥ 53.2B), Parts for spark-ignition engines except aircraft (¥ 14.9B), Light petroleum distillates nes (¥ 11.3B), Printing machinery: parts and accessories, n.e.c.... (¥ 9.42B), and Propene (propylene) (¥ 6.38B).

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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): China, ¥ 112B

Top Import (2019): Petroleum oils, oils from bituminous minerals,..., ¥ 287B

In 2019 the top import origins of Miyagi were China (¥ 112B), United States (¥ 84.2B), Kuwait (¥ 80.8B), United Arab Emirates (¥ 77.5B), and Oman (¥ 52.9B).

In 2019 the top imports of Miyagi were Petroleum oils, oils from bituminous minerals,... (¥ 287B), Natural gas, liquefied (¥ 58.5B), Petroleum spirit for motor vehicles (¥ 32B), Propane, liquefied (¥ 26B), and Photosensitive/photovoltaic/LED semiconductor devices (¥ 24.4B).

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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 Miyagi throughout time.

This section shows forecasts for total exports and imports from Miyagi. 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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Miyagi ranks 27th 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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The economic complexity of a territory can change year to year. Miyagi it is in position 27th 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 Miyagi already has a comparative advantage, are led by Integrated Circuits (0.12), Microscopes (0.12), Copper Foil (0.11), Disc Chemicals for Electronics (0.11), and Other Measuring Instruments (0.11).

Most Complex Products by PCI

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The highest complexity exports of Miyagi according to the product complexity index (PCI) are Machinery Having Individual Functions (2.02), Tool Plates (1.98), Self-adhesive Plastics (1.6), Motor-working Tools (1.56), and Metalworking Machine Parts (1.53). 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 Steel Bars (65.6), Ink Ribbons (48.9), Hot-Rolled Iron Bars (48.2), Rubber Tires (47.9), and Rock Wool (41.3).

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 Miyagi 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  Miyagi. These are products that tend to be co-exported with the products that Miyagi 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.