Shimane

Prefecture in Chūgoku Region of Japan

2019
Economic
Complexity
: -0.26, Rank 38 of 41

Feb 2021
Trade
Exports | Imports
: ¥ 212M | ¥ 2.94B, 41 of 41 | 38 of 41

Feb 2021
Country
Destination | Origin
: China | Australia , ¥ 105M  | ¥ 1.27B

Feb 2021
Product
Exports | Imports
: Dissolving Grades Chemical Woodpulp | Coal Briquettes , ¥ 126M  | ¥ 2.37B

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

Exports: In 2020, Japan's Shimane exported ¥ 3.04B, making it the 41st largest exporter out of the 41 exporters in Japan. In 2020 the top exports of Shimane were Chemical wood pulp, dissolving grades (¥ 1.15B), Chemical products, mixtures and preparations; n.e.c.... (¥ 759M), Cast articles of iron or steel,... (¥ 255M), Wood; coniferous species, other than of... (¥ 242M), and Commodities not specified according to kind (¥ 198M).

Imports: In 2020, Japan's Shimane imported ¥ 27.4B, making it the 38th largest importer out of the 41 importers in Japan. In 2020 top imports of Shimane were Bituminous coal, not agglomerated (¥ 20.6B), Chloride oxides, hydroxides of metals except... (¥ 1.01B), Commodities not specified according to kind (¥ 955M), Phosphides, chemically defined or not, not... (¥ 580M), and Parts of lifting/handling machinery nes (¥ 394M).

Economic Complexity: In 2019, the highest complexity exports of Shimane according to the product complexity index (PCI) are Tensile Testing Machines (1.49), Petroleum Resins (1.38), Compounded Unvulcanised Rubber (0.87), Cellulose (0.78), and Other Plastic Sheetings (0.74). 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 Shimane'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, ¥ 2.01B

Top Product (2020): Chemical wood pulp, dissolving grades, ¥ 1.15B

In 2020 the top export destinations of Shimane were China (¥ 2.01B), South Korea (¥ 552M), Taiwan (¥ 303M), Vietnam (¥ 163M), and India (¥ 6.68M).

In 2020 the top exports of Shimane were Chemical wood pulp, dissolving grades (¥ 1.15B), Chemical products, mixtures and preparations; n.e.c.... (¥ 759M), Cast articles of iron or steel,... (¥ 255M), Wood; coniferous species, other than of... (¥ 242M), and Commodities not specified according to kind (¥ 198M).

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Yearly Imports

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Depth

Top Origin (2020): Australia, ¥ 9.5B

Top Import (2020): Bituminous coal, not agglomerated, ¥ 20.6B

In 2020 the top import origins of Shimane were Australia (¥ 9.5B), Indonesia (¥ 7.08B), United States (¥ 2.54B), Russia (¥ 2.11B), and China (¥ 1.92B).

In 2020 the top imports of Shimane were Bituminous coal, not agglomerated (¥ 20.6B), Chloride oxides, hydroxides of metals except... (¥ 1.01B), Commodities not specified according to kind (¥ 955M), Phosphides, chemically defined or not, not... (¥ 580M), and Parts of lifting/handling machinery nes (¥ 394M).

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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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Shimane ranks 38th 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. Shimane it is in position 38th 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 Shimane already has a comparative advantage, are led by Wood Carpentry (0.031), Hard Liquor (0.028), Cars (0.026), Vehicle Parts (0.025), and Machinery Having Individual Functions (0.025).

Most Complex Products by PCI

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The highest complexity exports of Shimane according to the product complexity index (PCI) are Tensile Testing Machines (1.49), Petroleum Resins (1.38), Compounded Unvulcanised Rubber (0.87), Cellulose (0.78), and Other Plastic Sheetings (0.74). 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 Dissolving Grades Chemical Woodpulp (N/A), Granulated Slag (323), Unprocessed Artificial Staple Fibers (212), Other Cast Iron Products (191), and Roofing Tiles (143).

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