Okinawa | The Observatory of Economic Complexity

Okinawa

Prefecture in Kyushu Region of Japan

2024
Economic
Complexity -0.38Rank 41 of 41

Dec 2024
Trade
Exports | Imports ¥ 2.04B | ¥ 45B39 of 41 | 21 of 41

Dec 2024
Country
Destination | Origin Chinese Taipei | Saudi Arabia ¥ 444M | ¥ 23.4B

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Image by Jason
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Latest Trends
Historical Data
Economic Complexity

About

Overview This page contains the latest international trade data for Okinawa. In December 2024 Okinawa was the number 38 in total exports and the number 23 in total imports in Japan.

Exports In 2024, Japan's Okinawa exported ¥ 74B, making it the 38th largest exporter out of the 41 exporters in Japan. In 2024 the top exports of Okinawa were Commodities not specified according to kind (¥ 12.8B), Light petroleum distillates nes (¥ 4.64B), Ferrous waste or scrap, nes (¥ 2.9B), Floating docks, special function vessels nes (¥ 2.3B), and Scrap of Kraft paper (¥ 1.86B).

Imports In 2024, Japan's Okinawa imported ¥ 305B, making it the 23rd largest importer out of the 41 importers in Japan. In 2024 top imports of Okinawa were Crude Petroleum Oils (¥ 70.1B), Liquefied Natural Gas (¥ 31.1B), Light petroleum distillates nes (¥ 29.4B), Bituminous coal, not agglomerated (¥ 28.7B), and Petroleum spirit for motor vehicles (¥ 14.1B).

Economic Complexity In 2024, the highest complexity exports of Okinawa according to the product complexity index (PCI) are Fork-Lifts (1.69), Valves (1.47), Combustion Engines (1.17), Thermostats (1.11), Centrifuges (1.1), Spark-Ignition Engines (1.08), Rubber Belting (0.94), Vending Machines (0.91), Cranes (0.66), and Pianos (0.54). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Latest Trends

December, 2024

About

Overview In December 2024 Okinawa exported ¥2.04B and imported ¥45B, resulting in a negative trade balance of ¥43B. Between December 2023 and December 2024 the exports of Okinawa have increased by $733M (56%) from ¥1.31B to ¥2.04B, while imports increased by ¥32.1B (247%) from ¥13B to ¥45B.

Trade In December 2024, the top exports of Okinawa were Centrifuges (¥348M), Recovered Paper (¥215M), Commodities not elsewhere specified (¥185M), Valves (¥129M), and Beer (¥121M). In December 2024 the top imports of Okinawa were Crude Petroleum (¥23.4B), Coal Briquettes (¥5.19B), Planes, Helicopters, and/or Spacecraft (¥3.65B), Refined Petroleum (¥3.25B), and Jewellery (¥1.13B).

Destinations In December 2024, Okinawa exported mostly to Chinese Taipei (¥444M), Singapore (¥370M), United States (¥265M), Australia (¥175M), and South Korea (¥167M), and imported mostly from Saudi Arabia (¥23.4B), United States (¥4.68B), China (¥4.04B), France (¥3.98B), and Australia (¥2.9B).

Growth In December 2024, the increase in Okinawa's year-by-year exports was explained primarily by an increase in exports to Singapore (¥321M or 656%), Chinese Taipei (¥149M or 50.7%), and Australia (¥94.6M or 117%), and product exports increase in Centrifuges (¥277M or 389%), Valves (¥126M or 4.56k%), and Special purpose motor vehicles (¥112M or 16.7k%). In December 2024, the increase in Okinawa's year-by-year imports was explained primarily by an increase in imports from France (¥3.45B or 643%), Australia (¥2.21B or 323%), and United States (¥1.75B or 59.7%), and product imports increase in Crude Petroleum (¥23.3B or 18.7k%), Coal Briquettes (¥2.24B or 75.9%), and Jewellery (¥561M or 98.7%).

Latest Data

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

Product

EXPORT GROWTH (December 2023 - December 2024)¥733M(56%)

IMPORT GROWTH (December 2023 - December 2024)¥32.1B(247%)

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

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Historical Data

Yearly Exports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Destination (2024)Philippines¥ 9.27B

Top Product (2024)Commodities not specified according to kind¥ 12.8B

In 2024 the top export destinations of Okinawa were Philippines (¥ 9.27B), Chinese Taipei (¥ 7.42B), Australia (¥ 5.51B), Singapore (¥ 5.06B), and South Korea (¥ 3.17B).

In 2024 the top exports of Okinawa were Commodities not specified according to kind (¥ 12.8B), Light petroleum distillates nes (¥ 4.64B), Ferrous waste or scrap, nes (¥ 2.9B), Floating docks, special function vessels nes (¥ 2.3B), and Scrap of Kraft paper (¥ 1.86B).

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Exports Dynamics

Starting Date

Ending Date

Fastest Growing Exports Destination (Dec 2023 - Dec 2024)

Singapore ¥ 321M (656%)

Chinese Taipei ¥ 149M (50.7%)

Australia ¥ 94.6M (117%)

Rapidly Declining Export Origins (Dec 2023 - Dec 2024)

Malaysia ¥ -62.5M (-55.2%)

China ¥ -32.5M (-60.3%)

Indonesia ¥ -6.47M (-79.6%)

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Yearly Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Origin (2024)Saudi Arabia¥ 63.1B

Top Import (2024)Crude Petroleum Oils¥ 70.1B

In 2024 the top import origins of Okinawa were Saudi Arabia (¥ 63.1B), Australia (¥ 62.3B), China (¥ 33B), South Korea (¥ 32.3B), and United States (¥ 23.6B).

In 2024 the top imports of Okinawa were Crude Petroleum Oils (¥ 70.1B), Liquefied Natural Gas (¥ 31.1B), Light petroleum distillates nes (¥ 29.4B), Bituminous coal, not agglomerated (¥ 28.7B), and Petroleum spirit for motor vehicles (¥ 14.1B).

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Imports Dynamics

Starting Date

Ending Date

Fastest Growing Import Origins (Dec 2023 - Dec 2024)

France ¥ 3.45B (643%)

Australia ¥ 2.21B (323%)

United States ¥ 1.75B (59.7%)

Rapidly Declining Import Origins (Dec 2023 - Dec 2024)

Indonesia ¥ -288M (-42%)

China ¥ -261M (-6.07%)

Denmark ¥ -215M (-78.6%)

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Economic Complexity

Economic Complexity of Okinawa

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Geomap

Treemap

Economic Complexity (2024)-0.38

Okinawa ranks 41st 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. Okinawa it is in position 41st 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 Okinawa already has a comparative advantage, are led by Fruit Juice (0.075), Other Vegetables (0.074), Other Animals (0.073), Raw Sugar (0.072), and Crustaceans (0.072).

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Most Complex Products by PCI

The highest complexity exports of Okinawa according to the product complexity index (PCI) are Fork-Lifts (1.69), Valves (1.47), Combustion Engines (1.17), Thermostats (1.11), Centrifuges (1.1), Spark-Ignition Engines (1.08), Rubber Belting (0.94), Vending Machines (0.91), Cranes (0.66), and Pianos (0.54). 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 Recovered Paper (138.35), Beer (51.11), Special Purpose Ships (49.60), Precipitated Copper (43.54), and Other Fermented Beverages (40.71).

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