Toyama | The Observatory of Economic Complexity

Toyama

Prefecture in Chūbu Region of Japan

2023
Economic
Complexity 0.48Rank 19 of 41

Jan 2024
Trade
Exports | Imports ¥ 16.2B | ¥ 25.7B19 of 41 | 23 of 41

Jan 2024
Country
Destination | Origin China | Malaysia ¥ 4.47B | ¥ 7.93B

Image 1

Image by Daria Focht
Link: https://flic.kr/p/2hj7eRU

Latest Trends
Historical Data
Economic Complexity

About

Overview This page contains the latest international trade data for Toyama. In January 2024 Toyama was the number 20 in total exports and the number 27 in total imports in Japan.

Exports In 2023, Japan's Toyama exported ¥ 333B, making it the 20th largest exporter out of the 41 exporters in Japan. In 2023 the top exports of Toyama were Medium Sized Cars (¥ 34.8B), Small Sized Cars (¥ 33.4B), Spark-ignition non chargeable Cars (¥ 25.1B), Commodities not specified according to kind (¥ 18.9B), and Parts of slide fasteners (¥ 12.7B).

Imports In 2023, Japan's Toyama imported ¥ 355B, making it the 27th largest importer out of the 41 importers in Japan. In 2023 top imports of Toyama were Commodities not specified according to kind (¥ 38.4B), Bituminous coal, not agglomerated (¥ 32.4B), Aluminium unwrought, not alloyed (¥ 31.8B), Aluminium unwrought, alloyed (¥ 15B), and Metal bases, oxides, hydroxides, peroxides, nes (¥ 13.1B).

Economic Complexity In 2023, the highest complexity exports of Toyama according to the product complexity index (PCI) are Developed Exposed Photographic Material (2.54), Metalworking Machines (2.2), Machinery Having Individual Functions (1.93), Rubberworking Machinery (1.78), Hand Saws (1.72), Metal Finishing Machines (1.64), Metalworking Machine Parts (1.5), Forging Machines (1.49), Metal Molds (1.45), and Carboxyamide Compounds (1.42). 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 Toyama exported ¥16.2B and imported ¥25.7B, resulting in a negative trade balance of ¥9.49B. Between January 2023 and January 2024 the exports of Toyama have decreased by $-4.33B (-21.1%) from ¥20.5B to ¥16.2B, while imports decreased by ¥-2.25B (-8.07%) from ¥27.9B to ¥25.7B.

Trade In January 2024, the top exports of Toyama were Cars (¥3.63B), Integrated Circuits (¥1.26B), Commodities not elsewhere specified (¥1.14B), Zippers (¥1.06B), and Scrap Copper (¥947M). In January 2024 the top imports of Toyama were Commodities not elsewhere specified (¥7.78B), Raw Aluminium (¥5.58B), Zinc Ore (¥1.55B), Coal Briquettes (¥1.46B), and Inorganic Salts (¥1.41B).

Destinations In January 2024, Toyama exported mostly to China (¥4.47B), Russia (¥4.32B), South Korea (¥1.52B), United States (¥752M), and Vietnam (¥690M), and imported mostly from Malaysia (¥7.93B), China (¥4.81B), Indonesia (¥1.85B), New Zealand (¥1.8B), and Bolivia (¥1.55B).

Growth In January 2024, the decrease in Toyama's year-by-year exports was explained primarily by an decrease in exports to China (¥-1.58B or -39.5%), Italy (¥-152M or -68.3%), and Bangladesh (¥-144M or -81%), and product exports decrease in Integrated Circuits (¥-713M or -69.1%), Zippers (¥-652M or -51.8%), and Refined Copper (¥-348M or -38.8%). In January 2024, the decrease in Toyama's year-by-year imports was explained primarily by an decrease in imports from Malaysia (¥-5.17B or -92.7%), United States (¥-1.71B or -66%), and New Zealand (¥-1B or -32.5%), and product imports decrease in Commodities not elsewhere specified (¥-4.21B or -99.6%), Raw Aluminium (¥-2.69B or -35%), and Petroleum Coke (¥-1.41B or -75.3%).

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)¥-4.33B(-21.1%)

IMPORT GROWTH (January 2023 - January 2024)¥-2.25B(-8.07%)

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

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Historical Data

Yearly Exports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Destination (2023)Russia¥ 132B

Top Product (2023)Medium Sized Cars¥ 34.8B

In 2023 the top export destinations of Toyama were Russia (¥ 132B), China (¥ 50.5B), South Korea (¥ 28.6B), Vietnam (¥ 9.78B), and United States (¥ 8.94B).

In 2023 the top exports of Toyama were Medium Sized Cars (¥ 34.8B), Small Sized Cars (¥ 33.4B), Spark-ignition non chargeable Cars (¥ 25.1B), Commodities not specified according to kind (¥ 18.9B), and Parts of slide fasteners (¥ 12.7B).

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Exports Dynamics

Starting Date

Ending Date

Fastest Growing Exports Destination (Jan 2023 - Jan 2024)

China ¥ 2.05B (84.8%)

Bangladesh ¥ 315M (931%)

Turkey ¥ 282M (272%)

Rapidly Declining Export Origins (Jan 2023 - Jan 2024)

Russia ¥ -6.65B (-60.6%)

South Korea ¥ -715M (-32%)

Thailand ¥ -158M (-23.4%)

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Yearly Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Origin (2023)China¥ 59.3B

Top Import (2023)Commodities not specified according to kind¥ 38.4B

In 2023 the top import origins of Toyama were China (¥ 59.3B), Malaysia (¥ 48.6B), Indonesia (¥ 34.8B), South Korea (¥ 18.8B), and United States (¥ 16.4B).

In 2023 the top imports of Toyama were Commodities not specified according to kind (¥ 38.4B), Bituminous coal, not agglomerated (¥ 32.4B), Aluminium unwrought, not alloyed (¥ 31.8B), Aluminium unwrought, alloyed (¥ 15B), and Metal bases, oxides, hydroxides, peroxides, nes (¥ 13.1B).

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Imports Dynamics

Starting Date

Ending Date

Fastest Growing Import Origins (Jan 2023 - Jan 2024)

Malaysia ¥ 7.53B (1.84k%)

India ¥ 819M (139%)

Saudi Arabia ¥ 163M (90.5%)

Rapidly Declining Import Origins (Jan 2023 - Jan 2024)

Indonesia ¥ -5.16B (-73.6%)

South Korea ¥ -2.26B (-69.4%)

Vietnam ¥ -1.74B (-83%)

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Economic Complexity

Economic Complexity of Toyama

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Geomap

Treemap

Economic Complexity (2023)0.48

Toyama ranks 19th 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.

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Economic Complexity Ranking

Value

Ranking

Value

The economic complexity of a territory can change year to year. Toyama it is in position 19th 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 Toyama already has a comparative advantage, are led by Metal Lathes (0.14), Electric Soldering Equipment (0.13), Artificial Textile Machinery (0.13), Photographic Chemicals (0.13), and Non-Mechanical Removal Machinery (0.13).

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Most Complex Products by PCI

The highest complexity exports of Toyama according to the product complexity index (PCI) are Developed Exposed Photographic Material (2.54), Metalworking Machines (2.2), Machinery Having Individual Functions (1.93), Rubberworking Machinery (1.78), Hand Saws (1.72), Metal Finishing Machines (1.64), Metalworking Machine Parts (1.5), Forging Machines (1.49), Metal Molds (1.45), and Carboxyamide Compounds (1.42). 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 Zippers (303.22), Copper Bars (104.91), Metalworking Machines (43.79), Other Copper Products (40.44), and Vegetable or Animal Dyes (32.61).

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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 Toyama 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 Toyama. These are products that tend to be co-exported with the products that Toyama 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.