Niigata | The Observatory of Economic Complexity

Niigata

Prefecture in Chūbu Region of Japan

2023
Economic
Complexity 0.41Rank 23 of 41

Jan 2024
Trade
Exports | Imports ¥ 10.7B | ¥ 102B26 of 41 | 19 of 41

Jan 2024
Country
Destination | Origin South Korea | United States ¥ 3.31B | ¥ 19.8B

Image 1

Image by Daria Focht
Link: https://flic.kr/p/2hj7eRU

Latest Trends
Historical Data
Economic Complexity

About

Overview This page contains the latest international trade data for Niigata. In January 2024 Niigata was the number 24 in total exports and the number 19 in total imports in Japan.

Exports In 2023, Japan's Niigata exported ¥ 169B, making it the 24th largest exporter out of the 41 exporters in Japan. In 2023 the top exports of Niigata were Other cellulose ethers (¥ 18.5B), Ferrous waste or scrap, nes (¥ 16.2B), Paper and paperboard: coated with kaolin... (¥ 10B), Copper cathodes and sections of cathodes... (¥ 6.47B), and Carboxylic acids (alcohol function only), derivatives (¥ 6.09B).

Imports In 2023, Japan's Niigata imported ¥ 1.2T, making it the 19th largest importer out of the 41 importers in Japan. In 2023 top imports of Niigata were Natural gas, liquefied (¥ 571B), Wood in chips, non-coniferous (¥ 37B), Propane, liquefied (¥ 21.1B), Silicon, >99.99% pure (¥ 13.6B), and Aluminium table/kitchen/household articles, scourers (¥ 8.82B).

Economic Complexity In 2023, the highest complexity exports of Niigata according to the product complexity index (PCI) are Metal Pickling Preparations (1.79), Rubberworking Machinery (1.78), Other Organo-Inorganic Compounds (1.77), Interchangeable Tool Parts (1.76), Hand Saws (1.72), Metal Finishing Machines (1.64), Drafting Tools (1.63), Wrenches (1.61), Flat-Rolled Stainless Steel (1.61), and Polyamides (1.6). 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 Niigata exported ¥10.7B and imported ¥102B, resulting in a negative trade balance of ¥91.4B. Between January 2023 and January 2024 the exports of Niigata have increased by $1.27B (13.5%) from ¥9.42B to ¥10.7B, while imports decreased by ¥-32.3B (-24%) from ¥134B to ¥102B.

Trade In January 2024, the top exports of Niigata were Refined Copper (¥1.3B), Scrap Iron (¥1.01B), Kaolin Coated Paper (¥990M), Carboxylic Acids (¥605M), and Commodities not elsewhere specified (¥565M). In January 2024 the top imports of Niigata were Petroleum Gas (¥60.8B), Fuel Wood (¥3.08B), Mixed Mineral or Chemical Fertilizers (¥2.88B), Hydrogen (¥1.58B), and Commodities not elsewhere specified (¥1.35B).

Destinations In January 2024, Niigata exported mostly to South Korea (¥3.31B), India (¥1.63B), China (¥1.49B), Taiwan (¥736M), and Vietnam (¥680M), and imported mostly from United States (¥19.8B), China (¥17.8B), Malaysia (¥12.3B), Peru (¥11.6B), and Australia (¥8.76B).

Growth In January 2024, the increase in Niigata's year-by-year exports was explained primarily by an increase in exports to South Korea (¥697M or 25%), Russia (¥283M or 122%), and Indonesia (¥186M or 83.5%), and product exports increase in Scrap Iron (¥774M or 219%), Kaolin Coated Paper (¥501M or 139%), and Other Vinyl Polymers (¥428M or 416%). In January 2024, the decrease in Niigata's year-by-year imports was explained primarily by an decrease in imports from Canada (¥-843M or -93%), Chile (¥-789M or -76.2%), and Saudi Arabia (¥-730M or -99.4%), and product imports decrease in Refined Petroleum (¥-930M or -63.5%), Dextrins (¥-487M or -89%), and Acyclic Alcohols (¥-444M or -43.8%).

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)¥1.27B(13.5%)

IMPORT GROWTH (January 2023 - January 2024)¥-32.3B(-24%)

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

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Historical Data

Yearly Exports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Destination (2023)South Korea¥ 44.7B

Top Product (2023)Other cellulose ethers¥ 18.5B

In 2023 the top export destinations of Niigata were South Korea (¥ 44.7B), China (¥ 31.2B), India (¥ 12.8B), Vietnam (¥ 11.4B), and Taiwan (¥ 10.8B).

In 2023 the top exports of Niigata were Other cellulose ethers (¥ 18.5B), Ferrous waste or scrap, nes (¥ 16.2B), Paper and paperboard: coated with kaolin... (¥ 10B), Copper cathodes and sections of cathodes... (¥ 6.47B), and Carboxylic acids (alcohol function only), derivatives (¥ 6.09B).

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Exports Dynamics

Starting Date

Ending Date

Fastest Growing Exports Destination (Jan 2023 - Jan 2024)

India ¥ 1.18B (261%)

Vietnam ¥ 316M (87%)

United States ¥ 194M (51.1%)

Rapidly Declining Export Origins (Jan 2023 - Jan 2024)

Russia ¥ -454M (-88%)

Indonesia ¥ -260M (-63.6%)

Germany ¥ -171M (-56.9%)

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Yearly Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Origin (2023)Australia¥ 301B

Top Import (2023)Natural gas, liquefied¥ 571B

In 2023 the top import origins of Niigata were Australia (¥ 301B), China (¥ 206B), Malaysia (¥ 115B), United States (¥ 62.6B), and Russia (¥ 51.4B).

In 2023 the top imports of Niigata were Natural gas, liquefied (¥ 571B), Wood in chips, non-coniferous (¥ 37B), Propane, liquefied (¥ 21.1B), Silicon, >99.99% pure (¥ 13.6B), and Aluminium table/kitchen/household articles, scourers (¥ 8.82B).

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Imports Dynamics

Starting Date

Ending Date

Fastest Growing Import Origins (Jan 2023 - Jan 2024)

United States ¥ 14.7B (288%)

Canada ¥ 2.06B (3.27k%)

Chile ¥ 787M (320%)

Rapidly Declining Import Origins (Jan 2023 - Jan 2024)

Australia ¥ -35B (-80%)

Malaysia ¥ -19.8B (-61.7%)

China ¥ -2.83B (-13.7%)

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Economic Complexity

Economic Complexity of Niigata

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Geomap

Treemap

Economic Complexity (2023)0.41

Niigata ranks 23rd 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. Niigata it is in position 23rd 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 Niigata already has a comparative advantage, are led by Metalworking Machines (0.13), Electric Soldering Equipment (0.13), Machinery Having Individual Functions (0.13), Halides (0.13), and Nickel Powder (0.13).

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Most Complex Products by PCI

The highest complexity exports of Niigata according to the product complexity index (PCI) are Metal Pickling Preparations (1.79), Rubberworking Machinery (1.78), Other Organo-Inorganic Compounds (1.77), Interchangeable Tool Parts (1.76), Hand Saws (1.72), Metal Finishing Machines (1.64), Drafting Tools (1.63), Wrenches (1.61), Flat-Rolled Stainless Steel (1.61), and Polyamides (1.6). 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 Cellulose (365.05), Metal Pickling Preparations (152.08), Other Vinyl Polymers (109.89), Hand Tools (76.71), and Carboxylic Acids (72.96).

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