Osaka | The Observatory of Economic Complexity

Osaka

Prefecture in Kansai Region of Japan

2023
Economic
Complexity 0.7Rank 8 of 41

Aug 2024
Trade
Exports | Imports ¥ 1.06T | ¥ 1.14T3 of 41 | 3 of 41

Aug 2024
Country
Destination | Origin China | China ¥ 286B | ¥ 331B

Image 1

Image by Manish Prabhune
Link: https://flic.kr/p/dR71DZ

Latest Trends
Historical Data
Economic Complexity

About

Overview This page contains the latest international trade data for Osaka. In August 2024 Osaka was the number 3 in total exports and the number 3 in total imports in Japan.

Exports In 2023, Japan's Osaka exported ¥ 12.9T, making it the 3rd largest exporter out of the 41 exporters in Japan. In 2023 the top exports of Osaka were Electronic integrated circuits: memories (¥ 1.35T), Commodities not specified according to kind (¥ 1.16T), Electric capacitors, fixed, ceramic, multilayer, (¥ 399B), Medicaments nes, in dosage (¥ 332B), and Electronic printed circuits (¥ 263B).

Imports In 2023, Japan's Osaka imported ¥ 13.7T, making it the 3rd largest importer out of the 41 importers in Japan. In 2023 top imports of Osaka were Natural gas, liquefied (¥ 552B), Petroleum oils, oils from bituminous minerals,... (¥ 544B), Medicaments nes, in dosage (¥ 479B), Commodities not specified according to kind (¥ 476B), and Smartphones (¥ 427B).

Economic Complexity In 2023, the highest complexity exports of Osaka according to the product complexity index (PCI) are Developed Exposed Photographic Material (2.54), Photographic Chemicals (2.17), Photographic Film (2.06), Disc Chemicals for Electronics (2.04), Non-optical Microscopes (1.97), Non-Mechanical Removal Machinery (1.9), Phosphoric Esters and Salts (1.84), Oscilloscopes (1.81), Metal Pickling Preparations (1.79), and Interchangeable Tool Parts (1.76). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Latest Trends

August, 2024

About

Overview In August 2024 Osaka exported ¥1.06T and imported ¥1.14T, resulting in a negative trade balance of ¥82.4B. Between August 2023 and August 2024 the exports of Osaka have increased by $88B (9.1%) from ¥967B to ¥1.06T, while imports increased by ¥127B (12.6%) from ¥1.01T to ¥1.14T.

Trade In August 2024, the top exports of Osaka were Integrated Circuits (¥174B), Commodities not elsewhere specified (¥105B), Machines and apparatus of a kind... (¥53.4B), Semiconductor Devices (¥48.7B), and Electrical Capacitors (¥36.9B). In August 2024 the top imports of Osaka were Vaccines, blood, antisera, toxins and cultures (¥130B), Crude Petroleum (¥80.1B), Packaged Medicaments (¥66.3B), Petroleum Gas (¥52.7B), and Commodities not elsewhere specified (¥36.1B).

Destinations In August 2024, Osaka exported mostly to China (¥286B), Chinese Taipei (¥150B), United States (¥141B), South Korea (¥67.1B), and Hong Kong (¥66.1B), and imported mostly from China (¥331B), Belgium (¥121B), United States (¥88.6B), Chinese Taipei (¥60.6B), and United Arab Emirates (¥50.4B).

Growth In August 2024, the increase in Osaka's year-by-year exports was explained primarily by an increase in exports to Chinese Taipei (¥40.5B or 37%), China (¥27.9B or 10.8%), and Vietnam (¥4.15B or 18.3%), and product exports increase in Integrated Circuits (¥41.8B or 31.5%), Machines and apparatus of a kind... (¥24B or 81.7%), and Commodities not elsewhere specified (¥12.3B or 13.3%). In August 2024, the increase in Osaka's year-by-year imports was explained primarily by an increase in imports from Belgium (¥117B or 3.2k%), United Arab Emirates (¥39.1B or 347%), and Australia (¥12.9B or 46.4%), and product imports increase in Vaccines, blood, antisera, toxins and cultures (¥107B or 462%), Crude Petroleum (¥53.5B or 201%), and Packaged Medicaments (¥33.2B or 99.9%).

Latest Data

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

Product

EXPORT GROWTH (August 2023 - August 2024)¥88B(9.1%)

IMPORT GROWTH (August 2023 - August 2024)¥127B(12.6%)

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

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Historical Data

Yearly Exports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Destination (2023)China¥ 3.07T

Top Product (2023)Electronic integrated circuits: memories¥ 1.35T

In 2023 the top export destinations of Osaka were China (¥ 3.07T), United States (¥ 1.78T), Chinese Taipei (¥ 1.39T), South Korea (¥ 794B), and Hong Kong (¥ 793B).

In 2023 the top exports of Osaka were Electronic integrated circuits: memories (¥ 1.35T), Commodities not specified according to kind (¥ 1.16T), Electric capacitors, fixed, ceramic, multilayer, (¥ 399B), Medicaments nes, in dosage (¥ 332B), and Electronic printed circuits (¥ 263B).

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Exports Dynamics

Starting Date

Ending Date

Fastest Growing Exports Destination (Aug 2023 - Aug 2024)

Chinese Taipei ¥ 40.5B (37%)

China ¥ 27.9B (10.8%)

Vietnam ¥ 4.15B (18.3%)

Rapidly Declining Export Origins (Aug 2023 - Aug 2024)

Netherlands ¥ -4.89B (-20.6%)

New Zealand ¥ -1.73B (-48.5%)

Turkey ¥ -1.41B (-40.7%)

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Yearly Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Origin (2023)China¥ 4.41T

Top Import (2023)Natural gas, liquefied¥ 552B

In 2023 the top import origins of Osaka were China (¥ 4.41T), United States (¥ 1.12T), Chinese Taipei (¥ 780B), South Korea (¥ 765B), and Thailand (¥ 501B).

In 2023 the top imports of Osaka were Natural gas, liquefied (¥ 552B), Petroleum oils, oils from bituminous minerals,... (¥ 544B), Medicaments nes, in dosage (¥ 479B), Commodities not specified according to kind (¥ 476B), and Smartphones (¥ 427B).

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Imports Dynamics

Starting Date

Ending Date

Fastest Growing Import Origins (Aug 2023 - Aug 2024)

Belgium ¥ 117B (3.2k%)

United Arab Emirates ¥ 39.1B (347%)

Australia ¥ 12.9B (46.4%)

Rapidly Declining Import Origins (Aug 2023 - Aug 2024)

China ¥ -41.4B (-11.1%)

South Korea ¥ -23.3B (-33.6%)

Papua New Guinea ¥ -14.1B (-99.8%)

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Economic Complexity

Economic Complexity of Osaka

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Geomap

Treemap

Economic Complexity (2023)0.7

Osaka ranks 8th 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. Osaka it is in position 8th 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 Osaka already has a comparative advantage, are led by Watch Movements (0.37), Photo Lab Equipment (0.35), Blank Audio Media (0.35), Precious Metal Compounds (0.34), and Cast or Rolled Glass (0.34).

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Most Complex Products by PCI

The highest complexity exports of Osaka according to the product complexity index (PCI) are Developed Exposed Photographic Material (2.54), Photographic Chemicals (2.17), Photographic Film (2.06), Disc Chemicals for Electronics (2.04), Non-optical Microscopes (1.97), Non-Mechanical Removal Machinery (1.9), Phosphoric Esters and Salts (1.84), Oscilloscopes (1.81), Metal Pickling Preparations (1.79), and Interchangeable Tool Parts (1.76). 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 Flat panel displays (179.48), Pearls (87.60), Electrical Capacitors (23.47), Developed Exposed Photographic Material (17.48), and Copper Foil (17.06).

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