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.
Overview: In February 2021 Okayama exported ¥63.6B and imported ¥113B, resulting in a negative trade balance of ¥49.7B. Between February 2020 and February 2021 the exports of Okayama have decreased by $-22.6B (-26.2%) from ¥86.1B to ¥63.6B, while imports decreased by ¥-19.3B (-14.6%) from ¥133B to ¥113B.
Trade: In February 2021, the top exports of Okayama were Cars (Â¥15B), Refined Copper (Â¥6.18B), Flat Flat-Rolled Steel (Â¥5.43B), Refined Petroleum (Â¥4.76B), and Passenger and Cargo Ships (Â¥3.35B). In February 2021 the top imports of Okayama were Crude Petroleum (Â¥27B), Copper Ore (Â¥25.6B), Refined Petroleum (Â¥8.33B), Iron Ore (Â¥7.73B), and Precious Metal Scraps (Â¥6.9B).
Destinations: In February 2021, Okayama exported mostly to China (Â¥12.1B), United States (Â¥10.9B), South Korea (Â¥7.64B), Taiwan (Â¥4.85B), and Panama (Â¥3.35B), and imported mostly from Australia (Â¥20B), Saudi Arabia (Â¥15.6B), Chile (Â¥14.9B), United States (Â¥13.2B), and Kuwait (Â¥12B).
Growth: In February 2021, the decrease in Okayama's year-by-year exports was explained primarily by an decrease in exports to South Korea (Â¥-6.77B or -47%), China (Â¥-3.84B or -24.1%), and Australia (Â¥-3B or -49.6%), and product exports decrease in Refined Petroleum (Â¥-7.64B or -61.6%), Hot-Rolled Iron (Â¥-4.46B or -58%), and Cyclic Hydrocarbons (Â¥-3.7B or -56.9%). In February 2021, the decrease in Okayama's year-by-year imports was explained primarily by an decrease in imports from Chile (Â¥-16.5B or -52.6%), United Arab Emirates (Â¥-7.52B or -100%), and Saudi Arabia (Â¥-5.93B or -27.6%), and product imports decrease in Copper Ore (Â¥-17.1B or -40%), Crude Petroleum (Â¥-4.57B or -14.4%), and Iron Ore (Â¥-2.46B or -24.2%).
EXPORT GROWTH (February 2020 - February 2021): ¥-22.6B, (-26.2%)
IMPORT GROWTH (February 2020 - February 2021): ¥-19.3B, (-14.6%)
This section shows exports and imports data at subnational level for Okayama. 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 Okayama over time.
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.
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 (Â¥ 200B), South Korea (Â¥ 124B), United States (Â¥ 61.5B), Taiwan (Â¥ 55.8B), and India (Â¥ 39.9B).
In 2020 the top exports of Okayama were Copper cathodes and sections of cathodes... (Â¥ 99.1B), Medium Sized Cars (Â¥ 96.1B), Light petroleum distillates nes (Â¥ 66B), P-xylene (Â¥ 46.4B), and Semi-finished bars, iron or non-alloy steel... (Â¥ 30.3B).
Fastest Growing Exports Destination (Feb 2020 - Feb 2021)
Rapidly Declining Export Origins (Feb 2020 - Feb 2021)
Top Origin (2020): Australia, ¥ 213B
Top Import (2020): Copper ores and concentrates, ¥ 331B
In 2020 the top import origins of Okayama were Australia (Â¥ 213B), Saudi Arabia (Â¥ 186B), Chile (Â¥ 183B), Indonesia (Â¥ 130B), and United States (Â¥ 117B).
In 2020 the top imports of Okayama were Copper ores and concentrates (Â¥ 331B), Petroleum oils, oils from bituminous minerals,... (Â¥ 320B), Waste and scrap of precious metals:... (Â¥ 106B), Iron ore, concentrate, not iron pyrites,unagglomerate (Â¥ 96.5B), and Bituminous coal, not agglomerated (Â¥ 75.9B).
Fastest Growing Import Origins (Feb 2020 - Feb 2021)
Rapidly Declining Import Origins (Feb 2020 - Feb 2021)
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 Ethers (0.1), Phenols (0.1), Silicone (0.099), Fork-Lifts (0.095), and Acrylic Polymers (0.095).
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.
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.
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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Okayama