2020 Economic Complexity : 0.85, Rank 3 of 41
Oct 2022 Trade Exports | Imports: ¥ 14.9B | ¥ 7.33B, 24 of 41 | 36 of 41
Oct 2022 Country Destination | Origin: China | United States , ¥ 2.59B | ¥ 3.64B
Oct 2022 Product Exports | Imports: Other non-cellular plastics sheets | Salts of oxymetallic or peroxometallic acids nes , ¥ 2.61B | ¥ 2.67B
Overview This page contains the latest international trade data for Tochigi. In October 2022 Tochigi was the number 21 in total exports and the number 37 in total imports in Japan.
Exports In 2021, Japan's Tochigi exported ¥ 176B, making it the 21st largest exporter out of the 42 exporters in Japan. In 2021 the top exports of Tochigi were Immunological products packings for retail sale (¥ 44B), Parts and accessories of optical appliances... (¥ 25.2B), Other non-cellular plastics sheets (¥ 22.6B), Parts of electric accumulators, including separators (¥ 7.87B), and Adhesives based on rubber or plastic,... (¥ 5.56B).
Imports In 2021, Japan's Tochigi imported ¥ 47.4B, making it the 37th largest importer out of the 42 importers in Japan. In 2021 top imports of Tochigi were Immunological products packings for retail sale (¥ 32.2B), Whiskies (¥ 3.26B), Polyamides: nylons (¥ 2.9B), Other polyamides (¥ 1.37B), and Poly(acetals) (¥ 650M).
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), Drafting Tools (1.63), Nickel Sheets (1.45), and LCDs (1.44). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
October, 2022
Overview In October 2022 Tochigi exported ¥14.9B and imported ¥7.33B, resulting in a positive trade balance of ¥7.59B. Between October 2021 and October 2022 the exports of Tochigi have decreased by $-3.73B (-20%) from ¥18.6B to ¥14.9B, while imports increased by ¥1.55B (26.9%) from ¥5.78B to ¥7.33B.
Trade In October 2022, the top exports of Tochigi were Raw Plastic Sheeting (¥2.62B), LCDs (¥1.99B), Glues (¥1.3B), Sewing Machines (¥1.14B), and Parts of aircraft and spacecraft of... (¥946M). In October 2022 the top imports of Tochigi were Oxometallic or Peroxometallic Acid Salts (¥2.67B), Vaccines, blood, antisera, toxins and cultures (¥2.66B), Polyamides (¥689M), Hard Liquor (¥229M), and Mirrors and Lenses (¥202M).
Destinations In October 2022, Tochigi exported mostly to China (¥2.59B), South Korea (¥2.56B), United States (¥2.18B), Vietnam (¥1.22B), and Hong Kong (¥1.19B), and imported mostly from United States (¥3.64B), South Korea (¥2.72B), Thailand (¥255M), China (¥181M), and Malaysia (¥110M).
Growth In October 2022, the decrease in Tochigi's year-by-year exports was explained primarily by an decrease in exports to Germany (¥-652M or -94.5%), United States (¥-293M or -34.5%), and France (¥-180M or -70.6%), and product exports decrease in Vaccines, blood, antisera, toxins and cultures (¥-793M or -16%), Disc Chemicals for Electronics (¥-127M or -39.7%), and Sewing Machines (¥-120M or -20.4%). In October 2022, the increase in Tochigi's year-by-year imports was explained primarily by an increase in imports from United States (¥577M or 34%), United Kingdom (¥16.5M or 13.9%), and Vietnam (¥16M or 26.5%), and product imports increase in Vaccines, blood, antisera, toxins and cultures (¥1.06B or 144%), Hard Liquor (¥47.1M or 39.7%), and Self-adhesive Plastics (¥20.4M or 440%).
EXPORT GROWTH (October 2021 - October 2022): ¥-3.73B, (-20%)
IMPORT GROWTH (October 2021 - October 2022): ¥1.55B, (26.9%)
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 (2021): Switzerland, ¥ 41.2B
Top Product (2021): Immunological products packings for retail sale, ¥ 44B
In 2021 the top export destinations of Tochigi were Switzerland (¥ 41.2B), China (¥ 33.6B), South Korea (¥ 22.4B), Taiwan (¥ 13.5B), and Hong Kong (¥ 12.4B).
In 2021 the top exports of Tochigi were Immunological products packings for retail sale (¥ 44B), Parts and accessories of optical appliances... (¥ 25.2B), Other non-cellular plastics sheets (¥ 22.6B), Parts of electric accumulators, including separators (¥ 7.87B), and Adhesives based on rubber or plastic,... (¥ 5.56B).
Fastest Growing Exports Destination (Oct 2021 - Oct 2022)
Rapidly Declining Export Origins (Oct 2021 - Oct 2022)
Top Origin (2021): United States, ¥ 19.1B
Top Import (2021): Immunological products packings for retail sale, ¥ 32.2B
In 2021 the top import origins of Tochigi were United States (¥ 19.1B), South Korea (¥ 17.4B), China (¥ 2.49B), United Kingdom (¥ 2.14B), and Thailand (¥ 1.4B).
In 2021 the top imports of Tochigi were Immunological products packings for retail sale (¥ 32.2B), Whiskies (¥ 3.26B), Polyamides: nylons (¥ 2.9B), Other polyamides (¥ 1.37B), and Poly(acetals) (¥ 650M).
Fastest Growing Import Origins (Oct 2021 - Oct 2022)
Rapidly Declining Import Origins (Oct 2021 - Oct 2022)
Economic Complexity (2021): 0.85
Tochigi ranks 3rd out of the 42 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 3rd 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 (0.082), Copper Foil (0.08), Oscilloscopes (0.079), Petroleum Resins (0.079), and Microscopes (0.079).
The highest complexity exports of Tochigi according to the product complexity index (PCI) are Disc Chemicals for Electronics (2.07), Polyamides (1.65), Drafting Tools (1.63), Nickel Sheets (1.45), and LCDs (1.44). 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 (177.2), Glues (81.1), Drafting Tools (49.3), LCDs (47.6), and Raw Plastic Sheeting (39.4).
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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