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Overview This page contains the latest international trade data for Chūgoku. In December 2023 Chūgoku was the number 5 in total exports and the number 5 in total imports in Japan.

Exports In 2023, Japan's Chūgoku exported ¥ 6.43T, making it the 5th largest exporter out of the 8 exporters in Japan. In 2023 the top exports of Chūgoku were Medium Sized Cars (¥ 1.63T), Machines and apparatus of a kind... (¥ 467B), Cargo vessels other than tanker or... (¥ 345B), Light petroleum distillates nes (¥ 267B), and Large Sized Cars (¥ 218B).

Imports In 2023, Japan's Chūgoku imported ¥ 7.28T, making it the 5th largest importer out of the 8 importers in Japan. In 2023 top imports of Chūgoku were Petroleum oils, oils from bituminous minerals,... (¥ 1.25T), Bituminous coal, not agglomerated (¥ 1.05T), Copper ores and concentrates (¥ 601B), Iron ore, concentrate, not iron pyrites,unagglomerate (¥ 400B), and Petroleum spirit for motor vehicles (¥ 392B).

Economic Complexity In 2023, the highest complexity exports of Chūgoku according to the product complexity index (PCI) are Metalworking Machines (2.2), Photographic Chemicals (2.17), Non-optical Microscopes (1.97), Oscilloscopes (1.81), Hot-Rolled Stainless Steel Bars (1.8), Rubberworking Machinery (1.78), Interchangeable Tool Parts (1.76), Metal Finishing Machines (1.64), Flat-Rolled Stainless Steel (1.61), and Polyamides (1.6). 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)United States¥ 1.23T
Top Product (2023)Medium Sized Cars¥ 1.63T

In 2023 the top export destinations of Chūgoku were United States (¥ 1.23T), South Korea (¥ 1.02T), China (¥ 956B), Australia (¥ 329B), and Thailand (¥ 304B).

In 2023 the top exports of Chūgoku were Medium Sized Cars (¥ 1.63T), Machines and apparatus of a kind... (¥ 467B), Cargo vessels other than tanker or... (¥ 345B), Light petroleum distillates nes (¥ 267B), and Large Sized Cars (¥ 218B).

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Exports Dynamics

Fastest Growing Exports Destination (Dec 2022 - Dec 2023)
United States ¥ 60.4B (76.3%)
Liberia ¥ 22.7B (548%)
Indonesia ¥ 11.3B (99.2%)
Rapidly Declining Export Origins (Dec 2022 - Dec 2023)
Chile ¥ -12.9B (-89.3%)
Australia ¥ -10.8B (-33.3%)
South Korea ¥ -8.77B (-8.99%)

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Yearly Imports

Color
Depth
Top Origin (2023)Australia¥ 1.28T

In 2023 the top import origins of Chūgoku were Australia (¥ 1.28T), China (¥ 703B), Saudi Arabia (¥ 684B), Indonesia (¥ 457B), and United Arab Emirates (¥ 455B).

In 2023 the top imports of Chūgoku were Petroleum oils, oils from bituminous minerals,... (¥ 1.25T), Bituminous coal, not agglomerated (¥ 1.05T), Copper ores and concentrates (¥ 601B), Iron ore, concentrate, not iron pyrites,unagglomerate (¥ 400B), and Petroleum spirit for motor vehicles (¥ 392B).

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Imports Dynamics

Fastest Growing Import Origins (Dec 2022 - Dec 2023)
Qatar ¥ 13B (177%)
Canada ¥ 11B (113%)
Panama ¥ 7.79B (241k%)
Rapidly Declining Import Origins (Dec 2022 - Dec 2023)
Australia ¥ -35.8B (-28.4%)
United Arab Emirates ¥ -18.3B (-28.9%)
United States ¥ -10.5B (-28.8%)

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Economic Complexity

Economic Complexity of Chūgoku

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Economic Complexity (2023)0.59

Chūgoku ranks 4th 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

The economic complexity of a territory can change year to year. Chūgoku 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 Chūgoku already has a comparative advantage, are led by Epoxides (0.18), Artificial Filament Tow (0.18), Blank Audio Media (0.18), Disc Chemicals for Electronics (0.18), and Metal Lathes (0.17).

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Most Complex Products by PCI

The highest complexity exports of Chūgoku according to the product complexity index (PCI) are Metalworking Machines (2.2), Photographic Chemicals (2.17), Non-optical Microscopes (1.97), Oscilloscopes (1.81), Hot-Rolled Stainless Steel Bars (1.8), Rubberworking Machinery (1.78), Interchangeable Tool Parts (1.76), Metal Finishing Machines (1.64), Flat-Rolled Stainless Steel (1.61), and Polyamides (1.6). 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 Railway Passenger Cars (55.42), Granulated Slag (24.88), Hot-Rolled Stainless Steel Bars (24.23), Hot-Rolled Iron (19.62), and Other Large Iron Pipes (17.32).

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