Okayama

Prefecture in Chūgoku Region of Japan

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.

Yearly Exports

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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).

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Export Dynamics

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Fastest Growing Exports Destination (June 2019 - June 2020)

Rapidly Declining Export Origins (June 2019 - June 2020)

Yearly Imports

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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).

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Import Dynamics

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Fastest Growing Import Origins (June 2019 - June 2020)

Rapidly Declining Import Origins (June 2019 - June 2020)

Comparison in Time

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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.

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Economic Complexity

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Economic Complexity of Japan

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Okayama ranks 25th 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. Okayama it is in position 25th 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 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).

Most Complex Products by PCI

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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.

Most Specialized Products by RCA Index

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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.

Relatedness Space

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This network shows the products most related to the production structure of  Okayama. These are products that tend to be co-exported with the products that Okayama 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.