Exports (2019): ¥ 902B, Rnk 13/41
Top Destination (2019): ¥ 201B, China
Top Export (2019): ¥ 139B, Medium Sized Cars
Imports (2019): ¥ 1.7T, Rnk 8/41
Top Origin (2019): ¥ 259B, Saudi Arabia
Top Import (2019): ¥ 523B, Petroleum oils, oils from bituminous minerals,...
Economic Complexity (2019): 0.34, Rnk 25 / 41
Overview: This page contains the latest international trade data for Okayama, including export and import data.
Exports: In 2019, Japan's Okayama exported ¥ 902B, making it the 13th largest exporter out of the 41 exporters in Japan. In 2019 the top exports of Okayama were Medium Sized Cars (¥ 139B), Light petroleum distillates nes (¥ 97.2B), Copper cathodes and sections of cathodes... (¥ 83.6B), P-xylene (¥ 72.7B), and Cargo vessels other than tanker or... (¥ 40.8B).
Imports: In 2019, Japan's Okayama imported ¥ 1.7T, making it the 8th largest importer out of the 41 importers in Japan. In 2019 top imports of Okayama were Petroleum oils, oils from bituminous minerals,... (¥ 523B), Copper ores and concentrates (¥ 318B), Bituminous coal, not agglomerated (¥ 123B), Iron ore, concentrate, not iron pyrites,unagglomerate (¥ 113B), and Waste and scrap of precious metals:... (¥ 86.1B).
Economic Complexity: In 2019, the highest complexity exports of Okayama according to the product complexity index (PCI) are Halides (1.74), Lubricating Products (1.47), Flat Flat-Rolled Steel (1.45), Gaskets (1.38), and Ketones and Quinones (1.26). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Top Destination (2019): China, ¥ 201B
Top Product (2019): Medium Sized Cars, ¥ 139B
In 2019 the top export destinations of Okayama were China (¥ 201B), South Korea (¥ 125B), Taiwan (¥ 89B), United States (¥ 87.8B), and Australia (¥ 45.1B).
In 2019 the top exports of Okayama were Medium Sized Cars (¥ 139B), Light petroleum distillates nes (¥ 97.2B), Copper cathodes and sections of cathodes... (¥ 83.6B), P-xylene (¥ 72.7B), and Cargo vessels other than tanker or... (¥ 40.8B).
Fastest Growing Exports Destination (September 2019 - September 2020)
Rapidly Declining Export Origins (September 2019 - September 2020)
Top Origin (2019): Saudi Arabia, ¥ 259B
Top Import (2019): Petroleum oils, oils from bituminous minerals,..., ¥ 523B
In 2019 the top import origins of Okayama were Saudi Arabia (¥ 259B), Australia (¥ 257B), Chile (¥ 137B), United States (¥ 132B), and China (¥ 109B).
In 2019 the top imports of Okayama were Petroleum oils, oils from bituminous minerals,... (¥ 523B), Copper ores and concentrates (¥ 318B), Bituminous coal, not agglomerated (¥ 123B), Iron ore, concentrate, not iron pyrites,unagglomerate (¥ 113B), and Waste and scrap of precious metals:... (¥ 86.1B).
This section shows differences between total trade from Okayama throughout time.
This section shows forecasts for total exports and imports from Okayama. The forecast is based in a Long Short-Term Memory Model constructed using monthly trade data.
Okayama ranks 25th 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. Okayama it is in position 25th considering its ECI in the last year.
The top export opportunities according to the relatedness level, without considering those products were Okayama already has a comparative advantage, are led by Phenols (0.11), Ethers (0.11), Silicone (0.1), Acrylic Polymers (0.098), and Flat-Rolled Stainless Steel (0.095).
The highest complexity exports of Okayama according to the product complexity index (PCI) are Halides (1.74), Lubricating Products (1.47), Flat Flat-Rolled Steel (1.45), Gaskets (1.38), and Ketones and Quinones (1.26). 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 Granulated Slag (81), Cyclic Alcohols (54.7), Chemically Pure Sugars (47.5), Fluorides (47.1), and Aldehydes (45.2).
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 Okayama 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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