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.
Overview: In February 2021 Miyagi exported ¥15.8B and imported ¥51.6B, resulting in a negative trade balance of ¥35.8B. Between February 2020 and February 2021 the exports of Miyagi have decreased by $-4.34B (-21.5%) from ¥20.1B to ¥15.8B, while imports decreased by ¥-8.5B (-14.1%) from ¥60.1B to ¥51.6B.
Trade: In February 2021, the top exports of Miyagi were Rubber Tires (¥4.13B), Engine Parts (¥1.04B), Scrap Iron (¥1.04B), Non-fillet Frozen Fish (¥973M), and Blank Audio Media (¥792M). In February 2021 the top imports of Miyagi were Petroleum Gas (¥13.7B), Crude Petroleum (¥12.1B), Refined Petroleum (¥1.88B), Corn (¥1.73B), and Non-fillet Frozen Fish (¥1.46B).
Destinations: In February 2021, Miyagi exported mostly to United States (¥4.03B), South Korea (¥2.35B), China (¥2.12B), Thailand (¥1.09B), and Taiwan (¥1.08B), and imported mostly from Saudi Arabia (¥12.1B), United States (¥6.79B), China (¥6.58B), Qatar (¥5.57B), and Canada (¥2.39B).
Growth: In February 2021, the decrease in Miyagi's year-by-year exports was explained primarily by an decrease in exports to South Korea (¥-1.85B or -44%), Thailand (¥-1.37B or -55.8%), and United States (¥-1.09B or -21.3%), and product exports decrease in Refined Petroleum (¥-1.31B or -100%), Acyclic Hydrocarbons (¥-521M or -100%), and Rubber Tires (¥-365M or -8.13%). In February 2021, the decrease in Miyagi's year-by-year imports was explained primarily by an decrease in imports from Kuwait (¥-11.2B or -85.3%), Malaysia (¥-5.31B or -71.9%), and Thailand (¥-1.29B or -51.1%), and product imports decrease in Crude Petroleum (¥-14.5B or -54.6%), Semiconductor Devices (¥-1.08B or -69.7%), and Insulated Wire (¥-641M or -47.7%).
EXPORT GROWTH (February 2020 - February 2021): ¥-4.34B, (-21.5%)
IMPORT GROWTH (February 2020 - February 2021): ¥-8.5B, (-14.1%)
This section shows exports and imports data at subnational level for Miyagi. 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 Miyagi over time.
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.
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).
Fastest Growing Exports Destination (Feb 2020 - Feb 2021)
Rapidly Declining Export Origins (Feb 2020 - Feb 2021)
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).
Fastest Growing Import Origins (Feb 2020 - Feb 2021)
Miyagi ranks 27th 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. Miyagi it is in position 27th considering its ECI in the last year.
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).
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.
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.
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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Miyagi