Tochigi | The Observatory of Economic Complexity

Tochigi

Prefecture in Kantō Region of Japan

2023
Economic
Complexity 0.75Rank 6 of 41

Jan 2024
Trade
Exports | Imports ¥ 11B | ¥ 4.08B25 of 41 | 38 of 41

Jan 2024
Country
Destination | Origin China | South Korea ¥ 2.66B | ¥ 2.58B

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Latest Trends
Historical Data
Economic Complexity

About

Overview This page contains the latest international trade data for Tochigi. In January 2024 Tochigi was the number 23 in total exports and the number 36 in total imports in Japan.

Exports In 2023, Japan's Tochigi exported ¥ 199B, making it the 23rd largest exporter out of the 41 exporters in Japan. In 2023 the top exports of Tochigi were Other non-cellular plastics sheets (¥ 30B), Parts and accessories of optical appliances... (¥ 18.2B), Immunological products packings for retail sale (¥ 13.1B), Commodities not specified according to kind (¥ 12.3B), and Chemical element/compound wafers doped for electronic (¥ 9.8B).

Imports In 2023, Japan's Tochigi imported ¥ 74.3B, making it the 36th largest importer out of the 41 importers in Japan. In 2023 top imports of Tochigi were Immunological products packings for retail sale (¥ 50.2B), Whiskies (¥ 3.97B), Polyamides: nylons (¥ 3.8B), Other polyamides (¥ 2.45B), and Salts of oxymetallic or peroxometallic acids... (¥ 1.68B).

Economic Complexity In 2023, the highest complexity exports of Tochigi according to the product complexity index (PCI) are Disc Chemicals for Electronics (2.04), Metal Finishing Machines (1.64), Polyamides (1.6), Other Measuring Instruments (1.59), Nickel Sheets (1.58), Hydrides and other anions (1.55), Cutting Blades (1.53), Other Stainless Steel Bars (1.51), Metal Molds (1.45), and Vaccines, blood, antisera, toxins and cultures (1.45). 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 Tochigi exported ¥11B and imported ¥4.08B, resulting in a positive trade balance of ¥6.91B. Between January 2023 and January 2024 the exports of Tochigi have decreased by $-480M (-4.18%) from ¥11.5B to ¥11B, while imports decreased by ¥-3.25B (-44.3%) from ¥7.32B to ¥4.08B.

Trade In January 2024, the top exports of Tochigi were Raw Plastic Sheeting (¥2.29B), Commodities not elsewhere specified (¥1.47B), Glues (¥1.05B), Disc Chemicals for Electronics (¥880M), and LCDs (¥755M). In January 2024 the top imports of Tochigi were Vaccines, blood, antisera, toxins and cultures (¥2.58B), Polyamides (¥541M), Mirrors and Lenses (¥190M), Hard Liquor (¥149M), and Cocoa Butter (¥84.5M).

Destinations In January 2024, Tochigi exported mostly to China (¥2.66B), South Korea (¥1.39B), Switzerland (¥1.32B), Hong Kong (¥1.31B), and United States (¥994M), and imported mostly from South Korea (¥2.58B), United States (¥477M), China (¥331M), Thailand (¥254M), and Vietnam (¥79.8M).

Growth In January 2024, the decrease in Tochigi's year-by-year exports was explained primarily by an decrease in exports to Switzerland (¥-941M or -99.9%), China (¥-636M or -27.3%), and Vietnam (¥-264M or -41.8%), and product exports decrease in Vaccines, blood, antisera, toxins and cultures (¥-808M or -75.7%), LCDs (¥-600M or -29%), and Low-voltage Protection Equipment (¥-321M or -77.1%). In January 2024, the decrease in Tochigi's year-by-year imports was explained primarily by an decrease in imports from United States (¥-454M or -46.7%), Netherlands (¥-152M or -84.9%), and Vietnam (¥-47M or -54.5%), and product imports decrease in Polyamides (¥-46.9M or -8.68%), Medical Instruments (¥-39.3M or -51.3%), and Building Stone (¥-6.89M or -58.3%).

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)¥-480M(-4.18%)

IMPORT GROWTH (January 2023 - January 2024)¥-3.25B(-44.3%)

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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Historical Data

Yearly Exports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Destination (2023)China¥ 32.6B

Top Product (2023)Other non-cellular plastics sheets¥ 30B

In 2023 the top export destinations of Tochigi were China (¥ 32.6B), South Korea (¥ 23.8B), United States (¥ 22.6B), Hong Kong (¥ 15.9B), and Germany (¥ 14.6B).

In 2023 the top exports of Tochigi were Other non-cellular plastics sheets (¥ 30B), Parts and accessories of optical appliances... (¥ 18.2B), Immunological products packings for retail sale (¥ 13.1B), Commodities not specified according to kind (¥ 12.3B), and Chemical element/compound wafers doped for electronic (¥ 9.8B).

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Exports Dynamics

Starting Date

Ending Date

Fastest Growing Exports Destination (Jan 2023 - Jan 2024)

Switzerland ¥ 1.32B (118k%)

China ¥ 973M (57.5%)

Hong Kong ¥ 515M (65%)

Rapidly Declining Export Origins (Jan 2023 - Jan 2024)

Germany ¥ -1.56B (-76.9%)

Poland ¥ -536M (-96.6%)

Taiwan ¥ -391M (-45.7%)

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Yearly Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Origin (2023)South Korea¥ 42.6B

Top Import (2023)Immunological products packings for retail sale¥ 50.2B

In 2023 the top import origins of Tochigi were South Korea (¥ 42.6B), Singapore (¥ 9.18B), United States (¥ 6.3B), China (¥ 4.43B), and Thailand (¥ 3.01B).

In 2023 the top imports of Tochigi were Immunological products packings for retail sale (¥ 50.2B), Whiskies (¥ 3.97B), Polyamides: nylons (¥ 3.8B), Other polyamides (¥ 2.45B), and Salts of oxymetallic or peroxometallic acids... (¥ 1.68B).

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Imports Dynamics

Starting Date

Ending Date

Fastest Growing Import Origins (Jan 2023 - Jan 2024)

Taiwan ¥ 41M (159%)

Vietnam ¥ 40.6M (103%)

Netherlands ¥ 36.6M (135%)

Rapidly Declining Import Origins (Jan 2023 - Jan 2024)

South Korea ¥ -1.73B (-40.1%)

Singapore ¥ -1.26B (-99.6%)

China ¥ -94.9M (-22.3%)

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Economic Complexity

Economic Complexity of Tochigi

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Geomap

Treemap

Economic Complexity (2023)0.75

Tochigi ranks 6th 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. Tochigi it is in position 6th 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 Tochigi already has a comparative advantage, are led by Oscilloscopes (0.086), Blank Audio Media (0.086), Other Nickel Products (0.085), Metal Pickling Preparations (0.083), and Copper Foil (0.083).

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Most Complex Products by PCI

The highest complexity exports of Tochigi according to the product complexity index (PCI) are Disc Chemicals for Electronics (2.04), Metal Finishing Machines (1.64), Polyamides (1.6), Other Measuring Instruments (1.59), Nickel Sheets (1.58), Hydrides and other anions (1.55), Cutting Blades (1.53), Other Stainless Steel Bars (1.51), Metal Molds (1.45), and Vaccines, blood, antisera, toxins and cultures (1.45). 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 Sewing Machines (182.68), Glues (116.65), Disc Chemicals for Electronics (63.70), Raw Plastic Sheeting (51.14), and LCDs (47.00).

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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 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.

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Relatedness Space

This network shows the products most related to the production structure of Tochigi. These are products that tend to be co-exported with the products that Tochigi 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.