Shimane

Prefecture in Chūgoku Region of Japan

Exports (2019): ¥ 3.15B, Rnk 41/41

Top Destination (2019): ¥ 1.51B, Taiwan

Top Export (2019): ¥ 1.79B, Chemical wood pulp, dissolving grades

Imports (2019): ¥ 39.7B, Rnk 37/41

Top Origin (2019): ¥ 12.5B, Australia

Top Import (2019): ¥ 30.3B, Bituminous coal, not agglomerated

Economic Complexity (2019): -0.058, Rnk 36 / 41

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

Exports: In 2019, Japan's Shimane exported ¥ 3.15B, making it the 41st largest exporter out of the 41 exporters in Japan. In 2019 the top exports of Shimane were Chemical wood pulp, dissolving grades (¥ 1.79B), Commodities not specified according to kind (¥ 386M), Cast articles of iron or steel,... (¥ 226M), Wood; coniferous species, other than of... (¥ 135M), and Staple fibres of viscose rayon, not... (¥ 112M).

Imports: In 2019, Japan's Shimane imported ¥ 39.7B, making it the 37th largest importer out of the 41 importers in Japan. In 2019 top imports of Shimane were Bituminous coal, not agglomerated (¥ 30.3B), Chloride oxides, hydroxides of metals except... (¥ 2.15B), Commodities not specified according to kind (¥ 891M), Phosphides, chemically defined or not, not... (¥ 780M), and AC generators, of an output >... (¥ 600M).

Economic Complexity: In 2019, the highest complexity exports of Shimane according to the product complexity index (PCI) are Tensile Testing Machines (1.64), Petroleum Resins (1.16), Cellulose (0.87), Compounded Unvulcanised Rubber (0.85), and Unprocessed Artificial Staple Fibers (0.59). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

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Top Destination (2019): Taiwan, ¥ 1.51B

Top Product (2019): Chemical wood pulp, dissolving grades, ¥ 1.79B

In 2019 the top export destinations of Shimane were Taiwan (¥ 1.51B), China (¥ 680M), South Korea (¥ 612M), Vietnam (¥ 272M), and United States (¥ 25.2M).

In 2019 the top exports of Shimane were Chemical wood pulp, dissolving grades (¥ 1.79B), Commodities not specified according to kind (¥ 386M), Cast articles of iron or steel,... (¥ 226M), Wood; coniferous species, other than of... (¥ 135M), and Staple fibres of viscose rayon, not... (¥ 112M).

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Export Dynamics

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Fastest Growing Exports Destination (June 2019 - June 2020)

Rapidly Declining Export Origins (June 2019 - June 2020)

Yearly Imports

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Top Origin (2019): Australia, ¥ 12.5B

Top Import (2019): Bituminous coal, not agglomerated, ¥ 30.3B

In 2019 the top import origins of Shimane were Australia (¥ 12.5B), Indonesia (¥ 12.2B), China (¥ 3.32B), Russia (¥ 2.46B), and South Africa (¥ 1.87B).

In 2019 the top imports of Shimane were Bituminous coal, not agglomerated (¥ 30.3B), Chloride oxides, hydroxides of metals except... (¥ 2.15B), Commodities not specified according to kind (¥ 891M), Phosphides, chemically defined or not, not... (¥ 780M), and AC generators, of an output >... (¥ 600M).

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Import Dynamics

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Fastest Growing Import Origins (June 2019 - June 2020)

Rapidly Declining Import Origins (June 2019 - June 2020)

Comparison in Time

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This section shows differences between total trade from Shimane throughout time.

This section shows forecasts for total exports and imports from Shimane. The forecast is based in a Long Short-Term Memory Model constructed using monthly trade data.

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Economic Complexity

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Economic Complexity of Japan

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Shimane ranks 36th 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 36th 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 (0.033), Hard Liquor (0.029), Vehicle Parts (0.025), Cars (0.024), and Woodworking machines (0.024).

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 (1.64), Petroleum Resins (1.16), Cellulose (0.87), Compounded Unvulcanised Rubber (0.85), and Unprocessed Artificial Staple Fibers (0.59). 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 (338), Unprocessed Artificial Staple Fibers (201), Other Cast Iron Products (197), and Roofing Tiles (142).

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.