Okinawa | The Observatory of Economic Complexity

Okinawa

Prefecture in Kyushu Region of Japan

2023
Economic
Complexity -0.38Rank 41 of 41

Sep 2024
Trade
Exports | Imports ¥ 1.81B | ¥ 12.8B39 of 41 | 30 of 41

Sep 2024
Country
Destination | Origin Chinese Taipei | Indonesia ¥ 299M | ¥ 3.5B

Image 1

Image by Jason
Link: https://flic.kr/p/hVdAK5

Latest Trends
Historical Data
Economic Complexity

About

Overview This page contains the latest international trade data for Okinawa. In September 2024 Okinawa was the number 35 in total exports and the number 25 in total imports in Japan.

Exports In 2023, Japan's Okinawa exported ¥ 74B, making it the 35th largest exporter out of the 41 exporters in Japan. In 2023 the top exports of Okinawa were Commodities not specified according to kind (¥ 26.7B), Light petroleum distillates nes (¥ 9.66B), Ferrous waste or scrap, nes (¥ 2.37B), Scrap of Kraft paper (¥ 1.33B), and Beer made from malt (¥ 1.15B).

Imports In 2023, Japan's Okinawa imported ¥ 305B, making it the 25th largest importer out of the 41 importers in Japan. In 2023 top imports of Okinawa were Crude Petroleum Oils (¥ 92.4B), Bituminous coal, not agglomerated (¥ 33.1B), Liquefied Natural Gas (¥ 29.5B), Light petroleum distillates nes (¥ 21.5B), and Non-Agglomerated Coal (Excl. Anthracite & Bituminous) (¥ 14B).

Economic Complexity In 2023, the highest complexity exports of Okinawa according to the product complexity index (PCI) are Fork-Lifts (1.63), Ball Bearings (1.31), Spark-Ignition Engines (1.06), Industrial Furnaces (0.97), Large Construction Vehicles (0.94), Centrifuges (0.93), Rubber Belting (0.89), Video and Card Games (0.72), Pig Meat (0.66), and Cranes (0.51). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Latest Trends

September, 2024

About

Overview In September 2024 Okinawa exported ¥1.81B and imported ¥12.8B, resulting in a negative trade balance of ¥10.9B. Between September 2023 and September 2024 the exports of Okinawa have decreased by $-745M (-29.1%) from ¥2.56B to ¥1.81B, while imports decreased by ¥-2.9B (-18.5%) from ¥15.7B to ¥12.8B.

Trade In September 2024, the top exports of Okinawa were Centrifuges (¥235M), Scrap Iron (¥225M), Commodities not elsewhere specified (¥221M), Recovered Paper (¥195M), and Beer (¥120M). In September 2024 the top imports of Okinawa were Coal Briquettes (¥4.29B), Refined Petroleum (¥1.26B), Jewellery (¥488M), Other Vegetable Products (¥486M), and Other Prepared Meat (¥418M).

Destinations In September 2024, Okinawa exported mostly to Chinese Taipei (¥299M), Hong Kong (¥252M), Vietnam (¥246M), Singapore (¥246M), and South Korea (¥169M), and imported mostly from Indonesia (¥3.5B), South Korea (¥1.53B), China (¥1.37B), Australia (¥949M), and United States (¥855M).

Growth In September 2024, the decrease in Okinawa's year-by-year exports was explained primarily by an decrease in exports to United States (¥-639M or -86.7%), Chinese Taipei (¥-386M or -56.3%), and South Korea (¥-110M or -39.5%), and product exports decrease in Commodities not elsewhere specified (¥-607M or -73.3%), Large Construction Vehicles (¥-47.9M or -64.6%), and Inedible Fats and Oils (¥-35.6M or -80.5%). In September 2024, the decrease in Okinawa's year-by-year imports was explained primarily by an decrease in imports from Australia (¥-6.96B or -88%), United States (¥-180M or -17.4%), and Canada (¥-174M or -73.8%), and product imports decrease in Petroleum Gas (¥-7.14B or -100%), Other Vegetable Products (¥-481M or -49.7%), and Building Stone (¥-76.6M or -49.2%).

Latest Data

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

Product

EXPORT GROWTH (September 2023 - September 2024)¥-745M(-29.1%)

IMPORT GROWTH (September 2023 - September 2024)¥-2.9B(-18.5%)

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.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Historical Data

Yearly Exports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Destination (2023)China¥ 23.4B

Top Product (2023)Commodities not specified according to kind¥ 26.7B

In 2023 the top export destinations of Okinawa were China (¥ 23.4B), Bangladesh (¥ 5.6B), Australia (¥ 5.13B), Chinese Taipei (¥ 4.36B), and South Korea (¥ 3.81B).

In 2023 the top exports of Okinawa were Commodities not specified according to kind (¥ 26.7B), Light petroleum distillates nes (¥ 9.66B), Ferrous waste or scrap, nes (¥ 2.37B), Scrap of Kraft paper (¥ 1.33B), and Beer made from malt (¥ 1.15B).

Explore Visualizations

Subscribe today to OEC pro and access the latest data

Exports Dynamics

Starting Date

Ending Date

Fastest Growing Exports Destination (Sep 2023 - Sep 2024)

Vietnam ¥ 194M (371%)

Singapore ¥ 165M (202%)

Germany ¥ 80.5M (174%)

Rapidly Declining Export Origins (Sep 2023 - Sep 2024)

United States ¥ -639M (-86.7%)

Chinese Taipei ¥ -386M (-56.3%)

South Korea ¥ -110M (-39.5%)

Subscribe today to OEC pro and access the latest data

Yearly Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Origin (2023)Saudi Arabia¥ 92.3B

Top Import (2023)Crude Petroleum Oils¥ 92.4B

In 2023 the top import origins of Okinawa were Saudi Arabia (¥ 92.3B), Australia (¥ 59B), China (¥ 35.5B), Indonesia (¥ 24.2B), and United States (¥ 14.9B).

In 2023 the top imports of Okinawa were Crude Petroleum Oils (¥ 92.4B), Bituminous coal, not agglomerated (¥ 33.1B), Liquefied Natural Gas (¥ 29.5B), Light petroleum distillates nes (¥ 21.5B), and Non-Agglomerated Coal (Excl. Anthracite & Bituminous) (¥ 14B).

Explore Visualizations

Subscribe today to OEC pro and access the latest data

Imports Dynamics

Starting Date

Ending Date

Fastest Growing Import Origins (Sep 2023 - Sep 2024)

Indonesia ¥ 2.43B (227%)

South Korea ¥ 728M (90.8%)

France ¥ 182M (121%)

Rapidly Declining Import Origins (Sep 2023 - Sep 2024)

Australia ¥ -6.96B (-88%)

United States ¥ -180M (-17.4%)

Canada ¥ -174M (-73.8%)

Subscribe today to OEC pro and access the latest data

Economic Complexity

Economic Complexity of Okinawa

View

Geomap

Treemap

Economic Complexity (2023)-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.

Discover Economic Complexity

Subscribe today to OEC pro and access the latest data

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.

Discover Economic Complexity

Subscribe today to OEC pro and access the latest data

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 Tropical Fruits (0.072), Raw Sugar (0.067), Other Animals (0.066), Fruit Juice (0.065), and Other Vegetables (0.065).

Subscribe today to OEC pro and access the latest data

Most Complex Products by PCI

The highest complexity exports of Okinawa according to the product complexity index (PCI) are Fork-Lifts (1.63), Ball Bearings (1.31), Spark-Ignition Engines (1.06), Industrial Furnaces (0.97), Large Construction Vehicles (0.94), Centrifuges (0.93), Rubber Belting (0.89), Video and Card Games (0.72), Pig Meat (0.66), and Cranes (0.51). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Subscribe today to OEC pro and access the latest data

Most Specialized Products by RCA Index

The most specialized products according to the RCA index are led by Recovered Paper (76.96), Beer (27.13), Other Fermented Beverages (20.91), Scrap Iron (20.28), and Inedible Fats and Oils (18.80).

Subscribe today to OEC pro and access the latest data

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.

Subscribe today to OEC pro and access the latest data

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.

Subscribe today to OEC pro and access the latest data

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.