Wakayama

Prefecture in Kansai Region of Japan

Exports (2019): ¥ 451B, Rnk 16/41

Top Destination (2019): ¥ 55.8B, Taiwan

Top Export (2019): ¥ 138B, Light petroleum distillates nes

Imports (2019): ¥ 335B, Rnk 21/41

Top Origin (2019): ¥ 106B, United Arab Emirates

Top Import (2019): ¥ 229B, Petroleum oils, oils from bituminous minerals,...

Economic Complexity (2019): 0.55, Rnk 17 / 41

Overview: This page contains the latest international trade data for Wakayama, including export and import data.

Exports: In 2019, Japan's Wakayama exported ¥ 451B, making it the 16th largest exporter out of the 41 exporters in Japan. In 2019 the top exports of Wakayama were Light petroleum distillates nes (¥ 138B), Steel, stainless: seamless, casing and tubing,... (¥ 66.2B), Semi-finished bars, iron or non-alloy steel... (¥ 60.3B), Iron or steel (excluding cast iron... (¥ 55.8B), and P-xylene (¥ 21.4B).

Imports: In 2019, Japan's Wakayama imported ¥ 335B, making it the 21st largest importer out of the 41 importers in Japan. In 2019 top imports of Wakayama were Petroleum oils, oils from bituminous minerals,... (¥ 229B), Petroleum spirit for motor vehicles (¥ 24.2B), Acyclic ethers nes, derivatives of acyclic... (¥ 17.8B), Iron ore, concentrate, not iron pyrites,unagglomerate (¥ 16.1B), and Wood in chips, non-coniferous (¥ 7.35B).

Economic Complexity: In 2019, the highest complexity exports of Wakayama according to the product complexity index (PCI) are Photographic Chemicals (2.17), Other Paper Machinery (1.38), Textile Processing Machines (1.36), Phenols (1.35), and Amine Compounds (1.19). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

#permalink to section
Value
Depth

Top Destination (2019): Taiwan, ¥ 55.8B

Top Product (2019): Light petroleum distillates nes, ¥ 138B

In 2019 the top export destinations of Wakayama were Taiwan (¥ 55.8B), China (¥ 53.7B), United States (¥ 44.9B), Australia (¥ 42.1B), and South Korea (¥ 30.2B).

In 2019 the top exports of Wakayama were Light petroleum distillates nes (¥ 138B), Steel, stainless: seamless, casing and tubing,... (¥ 66.2B), Semi-finished bars, iron or non-alloy steel... (¥ 60.3B), Iron or steel (excluding cast iron... (¥ 55.8B), and P-xylene (¥ 21.4B).

Explore Visualizations

Export Dynamics

#permalink to section

Fastest Growing Exports Destination (June 2019 - June 2020)

Rapidly Declining Export Origins (June 2019 - June 2020)

Yearly Imports

#permalink to section
Value
Depth

Top Origin (2019): United Arab Emirates, ¥ 106B

Top Import (2019): Petroleum oils, oils from bituminous minerals,..., ¥ 229B

In 2019 the top import origins of Wakayama were United Arab Emirates (¥ 106B), United States (¥ 75.5B), Saudi Arabia (¥ 52.2B), Qatar (¥ 17.5B), and Australia (¥ 11.4B).

In 2019 the top imports of Wakayama were Petroleum oils, oils from bituminous minerals,... (¥ 229B), Petroleum spirit for motor vehicles (¥ 24.2B), Acyclic ethers nes, derivatives of acyclic... (¥ 17.8B), Iron ore, concentrate, not iron pyrites,unagglomerate (¥ 16.1B), and Wood in chips, non-coniferous (¥ 7.35B).

Explore Visualizations

Import Dynamics

#permalink to section

Fastest Growing Import Origins (June 2019 - June 2020)

Rapidly Declining Import Origins (June 2019 - June 2020)

Comparison in Time

#permalink to section
Flow
Value

This section shows differences between total trade from Wakayama throughout time.

This section shows forecasts for total exports and imports from Wakayama. The forecast is based in a Long Short-Term Memory Model constructed using monthly trade data.

Explore Forecasts

Economic Complexity

#permalink to section

Economic Complexity of Japan

#permalink to section

Wakayama ranks 17th out of the 41 prefectures in Japan according to ECI.

Estimated using exports data.

Discover Economic Complexity

Economic Complexity Ranking

#permalink to section
Scale

The economic complexity of a territory can change year to year. Wakayama it is in position 17th considering its ECI in the last year.

Discover Economic Complexity

Export Opportunities by Relatedness

#permalink to section

The top export opportunities according to the relatedness level, without considering those products were Wakayama already has a comparative advantage, are led by Epoxides (0.042), Silicone (0.039), Saturated Acyclic Monocarboxylic Acids (0.039), Photo Lab Equipment (0.038), and Carboxyimide Compounds (0.038).

Most Complex Products by PCI

#permalink to section

The highest complexity exports of Wakayama according to the product complexity index (PCI) are Photographic Chemicals (2.17), Other Paper Machinery (1.38), Textile Processing Machines (1.36), Phenols (1.35), and Amine Compounds (1.19). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

#permalink to section

The most specialized products according to the RCA index are led by Iron Pipes (245), Knitting Machines (212), Semi-Finished Iron (85), Polishes and Creams (40.3), and Book-binding Machines (25.6).

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 Wakayama 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.

Relatedness Space

#permalink to section

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

Diversification Frontier

#permalink to section
Depth
Filter

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.