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Overview This page contains the latest international trade data for Chiba. In December 2023 Chiba was the number 2 in total exports and the number 1 in total imports in Japan.

Exports In 2023, Japan's Chiba exported ¥ 17.4T, making it the 2nd largest exporter out of the 41 exporters in Japan. In 2023 the top exports of Chiba were Commodities not specified according to kind (¥ 3.5T), Gold in unwrought forms non-monetary (¥ 1.5T), Machines and apparatus of a kind... (¥ 657B), Machines and apparatus of heading 8486:... (¥ 379B), and Light petroleum distillates nes (¥ 298B).

Imports In 2023, Japan's Chiba imported ¥ 28T, making it the 1st largest importer out of the 41 importers in Japan. In 2023 top imports of Chiba were Petroleum oils, oils from bituminous minerals,... (¥ 2.32T), Smartphones (¥ 1.98T), Electronic integrated circuits: n.e.c. in heading... (¥ 1.59T), Natural gas, liquefied (¥ 1.59T), and Medicaments nes, in dosage (¥ 1.01T).

Economic Complexity In 2023, the highest complexity exports of Chiba according to the product complexity index (PCI) are Developed Exposed Photographic Material (2.54), Photographic Chemicals (2.17), Precious Metal Compounds (2.07), Photographic Film (2.06), Disc Chemicals for Electronics (2.04), Non-optical Microscopes (1.97), Blank Audio Media (1.91), Oscilloscopes (1.81), Metal Pickling Preparations (1.79), and Interchangeable Tool Parts (1.76). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Historical Data

Yearly Exports

Color
Depth
Top Destination (2023)China¥ 2.89T

In 2023 the top export destinations of Chiba were China (¥ 2.89T), United States (¥ 2.46T), Hong Kong (¥ 2.18T), South Korea (¥ 1.42T), and Taiwan (¥ 1.33T).

In 2023 the top exports of Chiba were Commodities not specified according to kind (¥ 3.5T), Gold in unwrought forms non-monetary (¥ 1.5T), Machines and apparatus of a kind... (¥ 657B), Machines and apparatus of heading 8486:... (¥ 379B), and Light petroleum distillates nes (¥ 298B).

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Exports Dynamics

Fastest Growing Exports Destination (Dec 2022 - Dec 2023)
China ¥ 53.1B (19%)
Hong Kong ¥ 46.3B (31.6%)
Switzerland ¥ 20.4B (65.5%)
Rapidly Declining Export Origins (Dec 2022 - Dec 2023)
Singapore ¥ -16B (-16.8%)
South Korea ¥ -12.6B (-8.85%)
United Kingdom ¥ -10.3B (-43.8%)

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Yearly Imports

Color
Depth
Top Origin (2023)China¥ 4.24T

In 2023 the top import origins of Chiba were China (¥ 4.24T), United States (¥ 4.02T), Taiwan (¥ 2.05T), Australia (¥ 1.39T), and United Arab Emirates (¥ 1.37T).

In 2023 the top imports of Chiba were Petroleum oils, oils from bituminous minerals,... (¥ 2.32T), Smartphones (¥ 1.98T), Electronic integrated circuits: n.e.c. in heading... (¥ 1.59T), Natural gas, liquefied (¥ 1.59T), and Medicaments nes, in dosage (¥ 1.01T).

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Imports Dynamics

Fastest Growing Import Origins (Dec 2022 - Dec 2023)
United Arab Emirates ¥ 53.7B (40.1%)
Taiwan ¥ 53.3B (32.1%)
China ¥ 43.1B (12.3%)
Rapidly Declining Import Origins (Dec 2022 - Dec 2023)
Spain ¥ -49.7B (-89.8%)
United States ¥ -35.8B (-9.09%)
Belgium ¥ -33.8B (-72.5%)

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Economic Complexity

Economic Complexity of Chiba

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Economic Complexity (2023)0.84

Chiba ranks 4th 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

The economic complexity of a territory can change year to year. Chiba it is in position 4th 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 Chiba already has a comparative advantage, are led by Photo Lab Equipment (0.28), Oxometallic or Peroxometallic Acid Salts (0.27), Platinum Clad Metals (0.26), Cast or Rolled Glass (0.26), and Epoxides (0.26).

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Most Complex Products by PCI

The highest complexity exports of Chiba according to the product complexity index (PCI) are Developed Exposed Photographic Material (2.54), Photographic Chemicals (2.17), Precious Metal Compounds (2.07), Photographic Film (2.06), Disc Chemicals for Electronics (2.04), Non-optical Microscopes (1.97), Blank Audio Media (1.91), Oscilloscopes (1.81), Metal Pickling Preparations (1.79), and Interchangeable Tool Parts (1.76). 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 Flat panel displays (61.32), Watch Movements (49.15), Photographic Chemicals (30.45), Signaling Glassware (27.70), and Pearls (24.25).

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Product Space

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 Chiba 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  Chiba. These are products that tend to be co-exported with the products that Chiba 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
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. Bubble size corresponds to exports value by year 2020.

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