2020 Economic Complexity : 0.85, Rank 3 of 41
Jun 2021 Trade Exports | Imports: ¥ 16.8B | ¥ 1.15B, 20 of 41 | 40 of 41
Jun 2021 Country Destination | Origin: Switzerland | United States , ¥ 5.16B | ¥ 322M
Jun 2021 Product Exports | Imports: Blood, human or animal, antisera, other blood fractions... | Whiskies , ¥ 5.5B | ¥ 214M
Overview This page contains the latest international trade data for Tochigi, including export and import data.
Exports In 2020, Japan's Tochigi exported ¥ 158B, making it the 22nd largest exporter out of the 41 exporters in Japan. In 2020 the top exports of Tochigi were Blood, human or animal, antisera, other... (¥ 51.2B), Parts and accessories of optical appliances... (¥ 20.6B), Sheet/film not cellular/reinf plastics nes (¥ 17.3B), Parts of electric accumulators, including separators (¥ 9.34B), and Adhesives based on rubber or plastic,... (¥ 4.74B).
Imports In 2020, Japan's Tochigi imported ¥ 42.2B, making it the 35th largest importer out of the 41 importers in Japan. In 2020 top imports of Tochigi were Blood, human or animal, antisera, other... (¥ 27.3B), Polyamide-6, -11, -12, -6,6, -6,9, -6,10... (¥ 3.29B), Whiskies (¥ 2.18B), Polyamides nes, in primary forms (¥ 1.87B), and Polyacetals, in primary forms (¥ 910M).
Economic Complexity In 2020, the highest complexity exports of Tochigi according to the product complexity index (PCI) are Disc Chemicals for Electronics (2.2), Cermets (1.87), Other Measuring Instruments (1.86), Metal Finishing Machines (1.76), and LCDs (1.7). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
June, 2021
Overview In June 2021 Tochigi exported ¥16.8B and imported ¥1.15B, resulting in a positive trade balance of ¥15.6B. Between June 2020 and June 2021 the exports of Tochigi have increased by $4.1B (32.4%) from ¥12.7B to ¥16.8B, while imports decreased by ¥-682M (-37.3%) from ¥1.83B to ¥1.15B.
Trade In June 2021, the top exports of Tochigi were Blood, antisera, vaccines, toxins and cultures (¥5.5B), LCDs (¥2.27B), Raw Plastic Sheeting (¥1.76B), Sewing Machines (¥997M), and Glues (¥656M). In June 2021 the top imports of Tochigi were Polyamides (¥215M), Hard Liquor (¥214M), Commodities not elsewhere specified (¥91.3M), Medical Instruments (¥65.7M), and Low-voltage Protection Equipment (¥57.3M).
Destinations In June 2021, Tochigi exported mostly to Switzerland (¥5.16B), China (¥2.84B), South Korea (¥2.26B), Taiwan (¥1.26B), and Hong Kong (¥949M), and imported mostly from United States (¥322M), China (¥214M), Vietnam (¥115M), United Kingdom (¥110M), and Thailand (¥110M).
Growth In June 2021, the increase in Tochigi's year-by-year exports was explained primarily by an increase in exports to Switzerland (¥1.49B or 40.6%), China (¥770M or 37.1%), and South Korea (¥752M or 49.8%), and product exports increase in Blood, antisera, vaccines, toxins and cultures (¥1.59B or 40.7%), Sewing Machines (¥846M or 559%), and LCDs (¥567M or 33.3%). In June 2021, the decrease in Tochigi's year-by-year imports was explained primarily by an decrease in imports from United States (¥-771M or -70.5%), Malaysia (¥-61.3M or -64%), and Spain (¥-16.2M or -33.7%), and product imports decrease in Blood, antisera, vaccines, toxins and cultures (¥-629M or -100%), Polyamides (¥-180M or -45.6%), and Insulated Wire (¥-84.7M or -75.1%).
EXPORT GROWTH (June 2020 - June 2021): ¥4.1B, (32.4%)
IMPORT GROWTH (June 2020 - June 2021): ¥-682M, (-37.3%)
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 (2020): Switzerland, ¥ 49.2B
Top Product (2020): Blood, human or animal, antisera, other..., ¥ 51.2B
In 2020 the top export destinations of Tochigi were Switzerland (¥ 49.2B), China (¥ 26.3B), South Korea (¥ 17.3B), Taiwan (¥ 11.6B), and Hong Kong (¥ 10.1B).
In 2020 the top exports of Tochigi were Blood, human or animal, antisera, other... (¥ 51.2B), Parts and accessories of optical appliances... (¥ 20.6B), Sheet/film not cellular/reinf plastics nes (¥ 17.3B), Parts of electric accumulators, including separators (¥ 9.34B), and Adhesives based on rubber or plastic,... (¥ 4.74B).
Fastest Growing Exports Destination (Jun 2020 - Jun 2021)
Rapidly Declining Export Origins (Jun 2020 - Jun 2021)
Top Origin (2020): United States, ¥ 33.1B
Top Import (2020): Blood, human or animal, antisera, other..., ¥ 27.3B
In 2020 the top import origins of Tochigi were United States (¥ 33.1B), China (¥ 2.42B), United Kingdom (¥ 1.6B), Thailand (¥ 1.16B), and Vietnam (¥ 782M).
In 2020 the top imports of Tochigi were Blood, human or animal, antisera, other... (¥ 27.3B), Polyamide-6, -11, -12, -6,6, -6,9, -6,10... (¥ 3.29B), Whiskies (¥ 2.18B), Polyamides nes, in primary forms (¥ 1.87B), and Polyacetals, in primary forms (¥ 910M).
Fastest Growing Import Origins (Jun 2020 - Jun 2021)
Rapidly Declining Import Origins (Jun 2020 - Jun 2021)
Economic Complexity (2020): 0.85
Tochigi ranks 3rd 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 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 Copper Foil (0.087), Integrated Circuits (0.081), Oscilloscopes (0.08), Machinery Having Individual Functions (0.079), and Semiconductor Devices (0.079).
The highest complexity exports of Tochigi according to the product complexity index (PCI) are Disc Chemicals for Electronics (2.2), Cermets (1.87), Other Measuring Instruments (1.86), Metal Finishing Machines (1.76), and LCDs (1.7). 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 (108.0), Drafting Tools (75.8), Glues (69.0), LCDs (38.8), and Raw Plastic Sheeting (34.0).
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.
Tochigi