2020 Economic Complexity : 0.85, Rank 3 of 41
May 2021 Trade Exports | Imports: ¥ 10.5B | ¥ 5.18B, 24 of 41 | 35 of 41
May 2021 Country Destination | Origin: China | United States , ¥ 3.05B | ¥ 3.47B
May 2021 Product Exports | Imports: Parts and accessories of optical appliances nes | Blood, human or animal, antisera, other blood fractions..., ¥ 1.81B | ¥ 4.07B
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 2019, 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.
Overview: In May 2021 Tochigi exported ¥10.5B and imported ¥5.18B, resulting in a positive trade balance of ¥5.31B. Between May 2020 and May 2021 the exports of Tochigi have decreased by $-685M (-6.12%) from ¥11.2B to ¥10.5B, while imports increased by ¥2.66B (106%) from ¥2.52B to ¥5.18B.
Trade: In May 2021, the top exports of Tochigi were LCDs (¥1.81B), Raw Plastic Sheeting (¥1.27B), Commodities not elsewhere specified (¥774M), Sewing Machines (¥604M), and Insulated Wire (¥547M). In May 2021 the top imports of Tochigi were Blood, antisera, vaccines, toxins and cultures (¥4.07B), Polyamides (¥298M), Hard Liquor (¥176M), Medical Instruments (¥71.1M), and Polyacetals (¥70.8M).
Destinations: In May 2021, Tochigi exported mostly to China (¥3.05B), South Korea (¥1.55B), Taiwan (¥900M), Hong Kong (¥764M), and United States (¥740M), and imported mostly from United States (¥3.47B), South Korea (¥919M), China (¥157M), Thailand (¥122M), and Vietnam (¥115M).
Growth: In May 2021, the decrease in Tochigi's year-by-year exports was explained primarily by an decrease in exports to Switzerland (¥-4.37B or -100%), France (¥-42.2M or -10.3%), and United Kingdom (¥-26.9M or -12.6%), and product exports decrease in Blood, antisera, vaccines, toxins and cultures (¥-4.51B or -94.3%), Other Electrical Machinery (¥-96.2M or -81.6%), and Glues (¥-86.6M or -16.7%). In May 2021, the increase in Tochigi's year-by-year imports was explained primarily by an increase in imports from United States (¥1.63B or 88.2%), United Kingdom (¥63M or 147%), and Thailand (¥48.2M or 65.5%), and product imports increase in Blood, antisera, vaccines, toxins and cultures (¥2.72B or 202%), Hard Liquor (¥137M or 345%), and Other Frozen Vegetables (¥43.5M or 1.62k%).
EXPORT GROWTH (May 2020 - May 2021): ¥-685M, (-6.12%)
IMPORT GROWTH (May 2020 - May 2021): ¥2.66B, (106%)
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 (May 2020 - May 2021)
Rapidly Declining Export Origins (May 2020 - May 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 (May 2020 - May 2021)
Rapidly Declining Import Origins (May 2020 - May 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), Drafting Tools (75.8), Glues (69), LCDs (38.8), and Raw Plastic Sheeting (34).
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.
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