Nagasaki | The Observatory of Economic Complexity

Nagasaki

Prefecture in Kyushu Region of Japan

2023
Economic
Complexity -0.14Rank 36 of 41

Jan 2024
Trade
Exports | Imports ¥ 14.8B | ¥ 29.5B20 of 41 | 22 of 41

Jan 2024
Country
Destination | Origin Cyprus | Canada ¥ 9.49B | ¥ 10.4B

Image 1

Image by Tobias Nordhausen
Link: https://flic.kr/p/QDjxZm

Latest Trends
Historical Data
Economic Complexity

About

Overview This page contains the latest international trade data for Nagasaki. In January 2024 Nagasaki was the number 22 in total exports and the number 21 in total imports in Japan.

Exports In 2023, Japan's Nagasaki exported ¥ 157B, making it the 22nd largest exporter out of the 41 exporters in Japan. In 2023 the top exports of Nagasaki were Cargo vessels other than tanker or... (¥ 164B), Parts of steam or vapour generating... (¥ 9.08B), Vehicle Parts, Airbags with inflater system (¥ 5.15B), Steam, vapour generating boiler auxiliary plant... (¥ 2.36B), and Miscellaneous Live Fish (¥ 2.02B).

Imports In 2023, Japan's Nagasaki imported ¥ 653B, making it the 21st largest importer out of the 41 importers in Japan. In 2023 top imports of Nagasaki were Bituminous coal, not agglomerated (¥ 272B), Propane, liquefied (¥ 43.3B), Coal except anthracite or bituminous, not... (¥ 22.1B), Floating docks, special function vessels nes (¥ 18.5B), and Iron/Steel Sheets: Very Thick, Hot-Rolled, Wide (¥ 11.1B).

Economic Complexity In 2023, the highest complexity exports of Nagasaki according to the product complexity index (PCI) are Boiler Plants (1.26), Liquid Fuel Furnaces (1.12), Motor vehicles; parts and accessories (8701... (0.97), Electric Motors (0.84), Steam Turbines (0.77), Stone Processing Machines (0.24), Steam Boilers (-0.3), Scrap Iron (-0.55), Passenger and Cargo Ships (-0.58), and Twine, cordage or rope; knotted netting,... (-0.69). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Latest Trends

January, 2024

About

Overview In January 2024 Nagasaki exported ¥14.8B and imported ¥29.5B, resulting in a negative trade balance of ¥14.7B. Between January 2023 and January 2024 the exports of Nagasaki have decreased by $-1.55B (-9.46%) from ¥16.4B to ¥14.8B, while imports decreased by ¥-34.8B (-54.1%) from ¥64.3B to ¥29.5B.

Trade In January 2024, the top exports of Nagasaki were Passenger and Cargo Ships (¥12.9B), Live Fish (¥561M), Stone Processing Machines (¥270M), Air Pumps (¥194M), and Motor vehicles; parts and accessories (8701... (¥192M). In January 2024 the top imports of Nagasaki were Coal Briquettes (¥20.9B), Petroleum Gas (¥4.63B), Hot-Rolled Iron (¥868M), Acyclic Hydrocarbons (¥506M), and Corn (¥504M).

Destinations In January 2024, Nagasaki exported mostly to Cyprus (¥9.49B), Liberia (¥3.45B), South Korea (¥562M), China (¥418M), and Philippines (¥274M), and imported mostly from Canada (¥10.4B), Australia (¥9.58B), United States (¥4.37B), South Africa (¥1.38B), and South Korea (¥1.25B).

Growth In January 2024, the decrease in Nagasaki's year-by-year exports was explained primarily by an decrease in exports to India (¥-406M or -97.4%), North Macedonia (¥-60.7M or -74.9%), and China (¥-37.1M or -82.3%), and product exports decrease in Steam Boilers (¥-401M or -96.2%), Special Purpose Ships (¥-37M or -55.2%), and Valves (¥-21.9M or -98%). In January 2024, the decrease in Nagasaki's year-by-year imports was explained primarily by an decrease in imports from South Korea (¥-360M or -21.9%), Thailand (¥-134M or -74%), and Philippines (¥-18M or -12.8%), and product imports decrease in Other Iron Products (¥-78.7M or -75.6%), Centrifuges (¥-67.3M or -84%), and Wood Carpentry (¥-26.1M or -26.4%).

Latest Data

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

Product

EXPORT GROWTH (January 2023 - January 2024)¥-1.55B(-9.46%)

IMPORT GROWTH (January 2023 - January 2024)¥-34.8B(-54.1%)

This section shows exports and imports data at subnational level for Nagasaki. 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 Nagasaki over time.

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Historical Data

Yearly Exports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Destination (2023)Liberia¥ 53B

Top Product (2023)Cargo vessels other than tanker or...¥ 164B

In 2023 the top export destinations of Nagasaki were Liberia (¥ 53B), Singapore (¥ 31.2B), Panama (¥ 30B), Marshall Islands (¥ 20.5B), and Cyprus (¥ 19.3B).

In 2023 the top exports of Nagasaki were Cargo vessels other than tanker or... (¥ 164B), Parts of steam or vapour generating... (¥ 9.08B), Vehicle Parts, Airbags with inflater system (¥ 5.15B), Steam, vapour generating boiler auxiliary plant... (¥ 2.36B), and Miscellaneous Live Fish (¥ 2.02B).

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Exports Dynamics

Starting Date

Ending Date

Fastest Growing Exports Destination (Jan 2023 - Jan 2024)

Cyprus ¥ 5.25B (124%)

Liberia ¥ 3.44B (26.3k%)

China ¥ 410M (5.13k%)

Rapidly Declining Export Origins (Jan 2023 - Jan 2024)

Taiwan ¥ -434M (-95.9%)

Saudi Arabia ¥ -200M (-54.8%)

United States ¥ -144M (-72.6%)

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Yearly Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Origin (2023)Australia¥ 189B

Top Import (2023)Bituminous coal, not agglomerated¥ 272B

In 2023 the top import origins of Nagasaki were Australia (¥ 189B), United States (¥ 57.8B), Indonesia (¥ 56.1B), Canada (¥ 49.3B), and South Korea (¥ 16.2B).

In 2023 the top imports of Nagasaki were Bituminous coal, not agglomerated (¥ 272B), Propane, liquefied (¥ 43.3B), Coal except anthracite or bituminous, not... (¥ 22.1B), Floating docks, special function vessels nes (¥ 18.5B), and Iron/Steel Sheets: Very Thick, Hot-Rolled, Wide (¥ 11.1B).

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Imports Dynamics

Starting Date

Ending Date

Fastest Growing Import Origins (Jan 2023 - Jan 2024)

Canada ¥ 4.12B (65.7%)

China ¥ 582M (215%)

Thailand ¥ 178M (380%)

Rapidly Declining Import Origins (Jan 2023 - Jan 2024)

Australia ¥ -31.6B (-76.7%)

Indonesia ¥ -6.56B (-93%)

United States ¥ -2.98B (-40.6%)

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Economic Complexity

Economic Complexity of Nagasaki

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Geomap

Treemap

Economic Complexity (2023)-0.14

Nagasaki ranks 36th out of the 41 prefectures in Japan according to ECI.

The Economic Complexity Index, or ECI, is a measure of an economy’s capacity which can be inferred from data connecting locations to the activities that are present in them. For more info about Economic Complexity, visit the Economic Complexity page.

Estimated using exports data.

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Economic Complexity Ranking

Value

Ranking

Value

The economic complexity of a territory can change year to year. Nagasaki it is in position 36th considering its ECI in the last year.

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Export Opportunities by Relatedness

The top export opportunities according to the relatedness level, without considering those products were Nagasaki already has a comparative advantage, are led by Non-fillet Frozen Fish (0.021), Electric Motor Parts (0.021), Electric Generating Sets (0.02), Recreational Boats (0.02), and Surveying Equipment (0.02).

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Most Complex Products by PCI

The highest complexity exports of Nagasaki according to the product complexity index (PCI) are Boiler Plants (1.26), Liquid Fuel Furnaces (1.12), Motor vehicles; parts and accessories (8701... (0.97), Electric Motors (0.84), Steam Turbines (0.77), Stone Processing Machines (0.24), Steam Boilers (-0.3), Scrap Iron (-0.55), Passenger and Cargo Ships (-0.58), and Twine, cordage or rope; knotted netting,... (-0.69). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

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Most Specialized Products by RCA Index

The most specialized products according to the RCA index are led by Passenger and Cargo Ships (247.46), Steam Boilers (238.16), Boiler Plants (162.45), Live Fish (91.56), and Fishing Ships (41.10).

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Product Space

RCA Filter

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 Nagasaki 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.

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Relatedness Space

This network shows the products most related to the production structure of Nagasaki. These are products that tend to be co-exported with the products that Nagasaki exports. Higher relatedness values indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

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Diversification Frontier

Depth

Section

HS2

HS4

Filter

All

RCA≤1

RCA>1

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. Bubble size corresponds to exports value by year 2020.