Okayama

Prefecture in Chūgoku Region of Japan

2019
Economic
Complexity
: 0.31, Rank 25 of 41

Feb 2021
Trade
Exports | Imports
: ¥ 63.6B | ¥ 113B, 13 of 41 | 9 of 41

Feb 2021
Country
Destination | Origin
: China | Australia , ¥ 12.1B  | ¥ 20B

Feb 2021
Product
Exports | Imports
: Cars | Crude Petroleum , ¥ 15B  | ¥ 27B

Overview: This page contains the latest international trade data for Okayama, including export and import data.

Exports: In 2020, Japan's Okayama exported ¥ 777B, making it the 12th largest exporter out of the 41 exporters in Japan. In 2020 the top exports of Okayama were Copper cathodes and sections of cathodes... (¥ 99.1B), Medium Sized Cars (¥ 96.1B), Light petroleum distillates nes (¥ 66B), P-xylene (¥ 46.4B), and Semi-finished bars, iron or non-alloy steel... (¥ 30.3B).

Imports: In 2020, Japan's Okayama imported ¥ 1.41T, making it the 8th largest importer out of the 41 importers in Japan. In 2020 top imports of Okayama were Copper ores and concentrates (¥ 331B), Petroleum oils, oils from bituminous minerals,... (¥ 320B), Waste and scrap of precious metals:... (¥ 106B), Iron ore, concentrate, not iron pyrites,unagglomerate (¥ 96.5B), and Bituminous coal, not agglomerated (¥ 75.9B).

Economic Complexity: In 2019, the highest complexity exports of Okayama according to the product complexity index (PCI) are Halides (1.86), Lubricating Products (1.51), Flat Flat-Rolled Steel (1.47), Epoxides (1.47), and Petroleum Resins (1.38). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Comparison in Time

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Flow
Value

This section shows the differences between Okayama's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit Japan's country profile.

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Yearly Exports

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Depth

Top Destination (2020): China, ¥ 200B

Top Product (2020): Copper cathodes and sections of cathodes..., ¥ 99.1B

In 2020 the top export destinations of Okayama were China (¥ 200B), South Korea (¥ 124B), United States (¥ 61.5B), Taiwan (¥ 55.8B), and India (¥ 39.9B).

In 2020 the top exports of Okayama were Copper cathodes and sections of cathodes... (¥ 99.1B), Medium Sized Cars (¥ 96.1B), Light petroleum distillates nes (¥ 66B), P-xylene (¥ 46.4B), and Semi-finished bars, iron or non-alloy steel... (¥ 30.3B).

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Exports Dynamics

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Fastest Growing Exports Destination (Feb 2020 - Feb 2021)

Rapidly Declining Export Origins (Feb 2020 - Feb 2021)

Yearly Imports

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Value
Depth

Top Origin (2020): Australia, ¥ 213B

Top Import (2020): Copper ores and concentrates, ¥ 331B

In 2020 the top import origins of Okayama were Australia (¥ 213B), Saudi Arabia (¥ 186B), Chile (¥ 183B), Indonesia (¥ 130B), and United States (¥ 117B).

In 2020 the top imports of Okayama were Copper ores and concentrates (¥ 331B), Petroleum oils, oils from bituminous minerals,... (¥ 320B), Waste and scrap of precious metals:... (¥ 106B), Iron ore, concentrate, not iron pyrites,unagglomerate (¥ 96.5B), and Bituminous coal, not agglomerated (¥ 75.9B).

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Imports Dynamics

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Fastest Growing Import Origins (Feb 2020 - Feb 2021)

Rapidly Declining Import Origins (Feb 2020 - Feb 2021)

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 Ethers (0.1), Phenols (0.1), Silicone (0.099), Fork-Lifts (0.095), and Acrylic Polymers (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 (1.86), Lubricating Products (1.51), Flat Flat-Rolled Steel (1.47), Epoxides (1.47), and Petroleum Resins (1.38). 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 (77.4), Cyclic Alcohols (50.7), Chemically Pure Sugars (49.2), Fluorides (47.4), and Aldehydes (45).

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.