2020 Economic Complexity : 0.91, Rank 2 of 41
Dec 2022 Trade Exports | Imports: ¥ 20.1B | ¥ 15.7B, 20 of 41 | 34 of 41
Dec 2022 Country Destination | Origin: Switzerland | United States , ¥ 6.27B | ¥ 8.5B
Dec 2022 Product Exports | Imports: Immunological products packings for retail sale | Immunological products packings for retail sale , ¥ 6.27B | ¥ 13.4B
Overview This page contains the latest international trade data for Tochigi. In December 2022 Tochigi was the number 23 in total exports and the number 37 in total imports in Japan.
Exports In 2022, Japan's Tochigi exported ¥ 199B, making it the 23rd largest exporter out of the 41 exporters in Japan. In 2022 the top exports of Tochigi were Immunological products packings for retail sale (¥ 45.3B), Other non-cellular plastics sheets (¥ 26.2B), Parts and accessories of optical appliances... (¥ 25.8B), Sewing machines, other than book-sewing machines,... (¥ 7.28B), and Glues and adhesives of all kinds,... (¥ 6.6B).
Imports In 2022, Japan's Tochigi imported ¥ 74.3B, making it the 37th largest importer out of the 41 importers in Japan. In 2022 top imports of Tochigi were Immunological products packings for retail sale (¥ 49.4B), Other polyamides (¥ 4.31B), Salts of oxymetallic or peroxometallic acids... (¥ 3.47B), Whiskies (¥ 3.19B), and Polyamides: nylons (¥ 2.86B).
Economic Complexity In 2020, the highest complexity exports of Tochigi according to the product complexity index (PCI) are Disc Chemicals for Electronics (2.07), Polyamides (1.65), Nickel Sheets (1.45), LCDs (1.44), and Glues (1.23). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
December, 2022
Overview In December 2022 Tochigi exported ¥20.1B and imported ¥15.7B, resulting in a positive trade balance of ¥4.42B. Between December 2021 and December 2022 the exports of Tochigi have increased by $1.94B (10.6%) from ¥18.2B to ¥20.1B, while imports increased by ¥9.14B (139%) from ¥6.58B to ¥15.7B.
Trade In December 2022, the top exports of Tochigi were Vaccines, blood, antisera, toxins and cultures (¥6.27B), LCDs (¥2.59B), Raw Plastic Sheeting (¥2.38B), Sewing Machines (¥1.27B), and Parts of aircraft and spacecraft of... (¥956M). In December 2022 the top imports of Tochigi were Vaccines, blood, antisera, toxins and cultures (¥13.4B), Polyamides (¥534M), Oxometallic or Peroxometallic Acid Salts (¥411M), Hard Liquor (¥320M), and Commodities not elsewhere specified (¥201M).
Destinations In December 2022, Tochigi exported mostly to Switzerland (¥6.27B), China (¥3.05B), United States (¥2.41B), South Korea (¥2.19B), and Taiwan (¥1.51B), and imported mostly from United States (¥8.5B), South Korea (¥5.28B), China (¥944M), Germany (¥276M), and Thailand (¥228M).
Growth In December 2022, the increase in Tochigi's year-by-year exports was explained primarily by an increase in exports to South Korea (¥595M or 46.1%), Netherlands (¥396M or 231%), and Vietnam (¥298M or 89.5%), and product exports increase in LCDs (¥483M or 30.5%), Sewing Machines (¥258M or 55.3%), and Other Measuring Instruments (¥219M or 136%). In December 2022, the increase in Tochigi's year-by-year imports was explained primarily by an increase in imports from Netherlands (¥163M or 991%), Germany (¥84.9M or 152%), and China (¥73M or 53.3%), and product imports increase in Vaccines, blood, antisera, toxins and cultures (¥2.63B or 146%), Polyacetals (¥154M or 287%), and Hard Liquor (¥90.2M or 54.4%).
EXPORT GROWTH (December 2021 - December 2022): ¥1.94B, (10.6%)
IMPORT GROWTH (December 2021 - December 2022): ¥9.14B, (139%)
This section shows exports and imports data at subnational level for Tochigi. 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 Tochigi over time.
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Top Destination (2022): Switzerland, ¥ 44.8B
Top Product (2022): Immunological products packings for retail sale, ¥ 45.3B
In 2022 the top export destinations of Tochigi were Switzerland (¥ 44.8B), China (¥ 34.7B), South Korea (¥ 28.3B), United States (¥ 17.8B), and Taiwan (¥ 14B).
In 2022 the top exports of Tochigi were Immunological products packings for retail sale (¥ 45.3B), Other non-cellular plastics sheets (¥ 26.2B), Parts and accessories of optical appliances... (¥ 25.8B), Sewing machines, other than book-sewing machines,... (¥ 7.28B), and Glues and adhesives of all kinds,... (¥ 6.6B).
Fastest Growing Exports Destination (Dec 2021 - Dec 2022)
Rapidly Declining Export Origins (Dec 2021 - Dec 2022)
Top Origin (2022): United States, ¥ 38.1B
Top Import (2022): Immunological products packings for retail sale, ¥ 49.4B
In 2022 the top import origins of Tochigi were United States (¥ 38.1B), South Korea (¥ 22.4B), China (¥ 3.73B), Thailand (¥ 2.23B), and United Kingdom (¥ 1.59B).
In 2022 the top imports of Tochigi were Immunological products packings for retail sale (¥ 49.4B), Other polyamides (¥ 4.31B), Salts of oxymetallic or peroxometallic acids... (¥ 3.47B), Whiskies (¥ 3.19B), and Polyamides: nylons (¥ 2.86B).
Fastest Growing Import Origins (Dec 2021 - Dec 2022)
Rapidly Declining Import Origins (Dec 2021 - Dec 2022)
Economic Complexity (2022): 0.91
Tochigi ranks 2nd 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.
The economic complexity of a territory can change year to year. Tochigi it is in position 2nd considering its ECI in the last year.
The top export opportunities according to the relatedness level, without considering those products were Tochigi already has a comparative advantage, are led by Blank Audio Media (0.088), Copper Foil (0.086), Microscopes (0.083), Oscilloscopes (0.081), and Integrated Circuits (0.08).
The highest complexity exports of Tochigi according to the product complexity index (PCI) are Disc Chemicals for Electronics (2.07), Polyamides (1.65), Nickel Sheets (1.45), LCDs (1.44), and Glues (1.23). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The most specialized products according to the RCA index are led by Sewing Machines (226.0), Glues (90.5), LCDs (43.8), Raw Plastic Sheeting (40.6), and Disc Chemicals for Electronics (35.1).
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 Tochigi 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.
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.
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