Miyagi

Prefecture in Tōhoku Region of Japan

2019
Economic
Complexity
: 0.26, Rank 27 of 41

Feb 2021
Trade
Exports | Imports
: ¥ 15.8B | ¥ 51.6B, 18 of 41 | 19 of 41

Feb 2021
Country
Destination | Origin
: United States | Saudi Arabia , ¥ 4.03B  | ¥ 12.1B

Feb 2021
Product
Exports | Imports
: Rubber Tires | Petroleum Gas , ¥ 4.13B  | ¥ 13.7B

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

Exports: In 2020, Japan's Miyagi exported ¥ 186B, making it the 19th largest exporter out of the 41 exporters in Japan. In 2020 the top exports of Miyagi were Pneumatic tyres new of rubber for... (¥ 43B), Parts for spark-ignition engines except aircraft (¥ 7.18B), Magnetic media: other than cards incorporating... (¥ 7.08B), Ferrous waste or scrap, nes (¥ 6.81B), and Copper/copper alloy waste or scrap (¥ 6.15B).

Imports: In 2020, Japan's Miyagi imported ¥ 619B, making it the 18th largest importer out of the 41 importers in Japan. In 2020 top imports of Miyagi were Petroleum oils, oils from bituminous minerals,... (¥ 175B), Natural gas, liquefied (¥ 40.1B), Photosensitive/photovoltaic/LED semiconductor devices (¥ 24.5B), Propane, liquefied (¥ 23.2B), and Petroleum spirit for motor vehicles (¥ 20.8B).

Economic Complexity: In 2019, the highest complexity exports of Miyagi according to the product complexity index (PCI) are Tool Plates (1.96), Oscilloscopes (1.77), Blank Audio Media (1.74), Polymer Ion-Exchangers (1.61), and Interchangeable Tool Parts (1.56). 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 Miyagi'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): United States, ¥ 47.1B

Top Product (2020): Pneumatic tyres new of rubber for..., ¥ 43B

In 2020 the top export destinations of Miyagi were United States (¥ 47.1B), South Korea (¥ 25.6B), China (¥ 19.8B), Thailand (¥ 12.6B), and Vietnam (¥ 11.3B).

In 2020 the top exports of Miyagi were Pneumatic tyres new of rubber for... (¥ 43B), Parts for spark-ignition engines except aircraft (¥ 7.18B), Magnetic media: other than cards incorporating... (¥ 7.08B), Ferrous waste or scrap, nes (¥ 6.81B), and Copper/copper alloy waste or scrap (¥ 6.15B).

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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): China, ¥ 104B

Top Import (2020): Petroleum oils, oils from bituminous minerals,..., ¥ 175B

In 2020 the top import origins of Miyagi were China (¥ 104B), United States (¥ 62.4B), Saudi Arabia (¥ 58.9B), Kuwait (¥ 56.6B), and United Arab Emirates (¥ 40.4B).

In 2020 the top imports of Miyagi were Petroleum oils, oils from bituminous minerals,... (¥ 175B), Natural gas, liquefied (¥ 40.1B), Photosensitive/photovoltaic/LED semiconductor devices (¥ 24.5B), Propane, liquefied (¥ 23.2B), and Petroleum spirit for motor vehicles (¥ 20.8B).

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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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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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Scale

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 Copper Foil (0.11), Integrated Circuits (0.11), Optical Fibers (0.1), Microscopes (0.1), and Disc Chemicals for Electronics (0.1).

Most Complex Products by PCI

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The highest complexity exports of Miyagi according to the product complexity index (PCI) are Tool Plates (1.96), Oscilloscopes (1.77), Blank Audio Media (1.74), Polymer Ion-Exchangers (1.61), and Interchangeable Tool Parts (1.56). 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 (71.6), Ink Ribbons (52.4), Rubber Tires (49.4), Hot-Rolled Iron Bars (46.4), and Rock Wool (41.6).

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.