Tōhoku | The Observatory of Economic Complexity

Tōhoku

Region in Japan

2023
Economic
Complexity 0.12Rank 7 of 8

Jan 2024
Trade
Exports | Imports ¥ 69.1B | ¥ 227B7 of 8 | 6 of 8

Jan 2024
Country
Destination | Origin China | Australia ¥ 16.8B | ¥ 34.8B

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Latest Trends
Historical Data
Economic Complexity

About

Overview This page contains the latest international trade data for Tōhoku. In January 2024 Tōhoku was the number 7 in total exports and the number 6 in total imports in Japan.

Exports In 2023, Japan's Tōhoku exported ¥ 777B, making it the 7th largest exporter out of the 8 exporters in Japan. In 2023 the top exports of Tōhoku were Pneumatic tyres new of rubber for... (¥ 81.2B), Parts of turbo-jet or turbo-propeller engines (¥ 58.1B), Electric accumulators: lithium-ion, including separators, whether... (¥ 41.6B), Commodities not specified according to kind (¥ 34.4B), and Ferrous waste or scrap, nes (¥ 27.1B).

Imports In 2023, Japan's Tōhoku imported ¥ 2.95T, making it the 6th largest importer out of the 8 importers in Japan. In 2023 top imports of Tōhoku were Bituminous coal, not agglomerated (¥ 683B), Petroleum oils, oils from bituminous minerals,... (¥ 369B), Natural gas, liquefied (¥ 261B), Copper ores and concentrates (¥ 229B), and Propane, liquefied (¥ 84.5B).

Economic Complexity In 2023, the highest complexity exports of Tōhoku according to the product complexity index (PCI) are Machinery Having Individual Functions (1.93), Blank Audio Media (1.91), Other Stainless Steel Bars (1.51), Tool Plates (1.47), Carboxyamide Compounds (1.42), Organo-Sulfur Compounds (1.41), Industrial Printers (1.31), Acrylic Polymers (1.3), Electric Batteries (1.18), and Self-adhesive Plastics (1.17). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Latest Trends

January, 2024

About

Overview In January 2024 Tōhoku exported ¥69.1B and imported ¥227B, resulting in a negative trade balance of ¥158B. Between January 2023 and January 2024 the exports of Tōhoku have increased by $15.2B (28.3%) from ¥53.9B to ¥69.1B, while imports decreased by ¥-73.6B (-24.5%) from ¥301B to ¥227B.

Trade In January 2024, the top exports of Tōhoku were Refined Petroleum (¥11.7B), Commodities not elsewhere specified (¥11.3B), Rubber Tires (¥5.97B), Electric Batteries (¥4.25B), and Gas Turbines (¥3.94B). In January 2024 the top imports of Tōhoku were Coal Briquettes (¥47.2B), Crude Petroleum (¥41.6B), Petroleum Gas (¥31.9B), Copper Ore (¥17.8B), and Zinc Ore (¥9.03B).

Destinations In January 2024, Tōhoku exported mostly to China (¥16.8B), United States (¥11.1B), South Korea (¥6.91B), Malaysia (¥5.23B), and Bangladesh (¥4.82B), and imported mostly from Australia (¥34.8B), Saudi Arabia (¥34.3B), United States (¥26.5B), Indonesia (¥19.7B), and China (¥18.1B).

Growth In January 2024, the increase in Tōhoku's year-by-year exports was explained primarily by an increase in exports to France (¥2.43B or 1.17k%), Panama (¥2.12B or 25.4k%), and United States (¥1.35B or 15.9%), and product exports increase in Electric Batteries (¥4.67B or 232%), Rubber Tires (¥1.67B or 39.2%), and Cyclic Hydrocarbons (¥1.57B or 1.06k%). In January 2024, the decrease in Tōhoku's year-by-year imports was explained primarily by an decrease in imports from Egypt (¥-5.4B or -99.8%), Russia (¥-4.46B or -56.9%), and Mexico (¥-3.69B or -98.9%), and product imports decrease in Zinc Ore (¥-3.63B or -42%), Electric Generating Sets (¥-2.79B or -99.8%), and Copper Ore (¥-2.44B or -12.4%).

Latest Data

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

Product

EXPORT GROWTH (January 2023 - January 2024)¥15.2B(28.3%)

IMPORT GROWTH (January 2023 - January 2024)¥-73.6B(-24.5%)

This section shows exports and imports data at subnational level for Tōhoku. 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 Tōhoku over time.

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Historical Data

Yearly Exports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Destination (2023)United States¥ 162B

Top Product (2023)Pneumatic tyres new of rubber for...¥ 81.2B

In 2023 the top export destinations of Tōhoku were United States (¥ 162B), China (¥ 116B), South Korea (¥ 76.9B), Thailand (¥ 34B), and Taiwan (¥ 32B).

In 2023 the top exports of Tōhoku were Pneumatic tyres new of rubber for... (¥ 81.2B), Parts of turbo-jet or turbo-propeller engines (¥ 58.1B), Electric accumulators: lithium-ion, including separators, whether... (¥ 41.6B), Commodities not specified according to kind (¥ 34.4B), and Ferrous waste or scrap, nes (¥ 27.1B).

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Exports Dynamics

Starting Date

Ending Date

Fastest Growing Exports Destination (Jan 2023 - Jan 2024)

China ¥ 10.1B (153%)

Malaysia ¥ 4.55B (676%)

Bangladesh ¥ 2.98B (162%)

Rapidly Declining Export Origins (Jan 2023 - Jan 2024)

Singapore ¥ -3.41B (-88.8%)

Panama ¥ -2.11B (-99.5%)

Philippines ¥ -1.74B (-64.3%)

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Yearly Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Origin (2023)Australia¥ 612B

Top Import (2023)Bituminous coal, not agglomerated¥ 683B

In 2023 the top import origins of Tōhoku were Australia (¥ 612B), United States (¥ 366B), China (¥ 245B), Indonesia (¥ 230B), and Saudi Arabia (¥ 221B).

In 2023 the top imports of Tōhoku were Bituminous coal, not agglomerated (¥ 683B), Petroleum oils, oils from bituminous minerals,... (¥ 369B), Natural gas, liquefied (¥ 261B), Copper ores and concentrates (¥ 229B), and Propane, liquefied (¥ 84.5B).

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Imports Dynamics

Starting Date

Ending Date

Fastest Growing Import Origins (Jan 2023 - Jan 2024)

Malaysia ¥ 8.4B (182%)

Russia ¥ 4.61B (137%)

Taiwan ¥ 3.68B (252%)

Rapidly Declining Import Origins (Jan 2023 - Jan 2024)

Australia ¥ -76.9B (-68.9%)

South Korea ¥ -7.83B (-45.6%)

United States ¥ -7.03B (-21%)

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Economic Complexity

Economic Complexity of Tōhoku

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Geomap

Treemap

Economic Complexity (2023)0.12

Tōhoku ranks 7th out of the 8 regions 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.

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Economic Complexity Ranking

Value

Ranking

Value

The economic complexity of a territory can change year to year. Tōhoku it is in position 7th considering its ECI in the last year.

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Export Opportunities by Relatedness

The top export opportunities according to the relatedness level, without considering those products were Tōhoku already has a comparative advantage, are led by Oxometallic or Peroxometallic Acid Salts (0.12), Integrated Circuits (0.11), Other Precious Metal Products (0.11), Raw Nickel (0.11), and Special Purpose Ships (0.11).

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Most Complex Products by PCI

The highest complexity exports of Tōhoku according to the product complexity index (PCI) are Machinery Having Individual Functions (1.93), Blank Audio Media (1.91), Other Stainless Steel Bars (1.51), Tool Plates (1.47), Carboxyamide Compounds (1.42), Organo-Sulfur Compounds (1.41), Industrial Printers (1.31), Acrylic Polymers (1.3), Electric Batteries (1.18), and Self-adhesive Plastics (1.17). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

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Most Specialized Products by RCA Index

The most specialized products according to the RCA index are led by Zinc Sheets (251.21), Zinc Powder (86.79), Steel Bars (51.03), Raw Zinc (39.42), and Inorganic Salts (28.36).

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Product Space

RCA Filter

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 Tōhoku 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.

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Relatedness Space

This network shows the products most related to the production structure of Tōhoku. These are products that tend to be co-exported with the products that Tōhoku exports. Higher relatedness values indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

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Diversification Frontier

Depth

Section

HS2

HS4

Filter

All

RCA≤1

RCA>1

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.