Fukui | The Observatory of Economic Complexity

Fukui

Prefecture in Chūbu Region of Japan

2023
Economic
Complexity 0.54Rank 17 of 41

Jan 2024
Trade
Exports | Imports ¥ 9.15B | ¥ 16B28 of 41 | 27 of 41

Jan 2024
Country
Destination | Origin South Korea | Australia ¥ 3.26B | ¥ 4.71B

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 Fukui. In January 2024 Fukui was the number 27 in total exports and the number 30 in total imports in Japan.

Exports In 2023, Japan's Fukui exported ¥ 123B, making it the 27th largest exporter out of the 41 exporters in Japan. In 2023 the top exports of Fukui were Metal permanent magnets, articles intended as... (¥ 32.4B), Compounds, mixes of rare-earths, yttrium, scandium... (¥ 12.2B), Drawn glass in sheets, clear (¥ 10.8B), Chemical products, mixtures and preparations; Others... (¥ 8.5B), and Silicones, primary forms (¥ 7.51B).

Imports In 2023, Japan's Fukui imported ¥ 222B, making it the 30th largest importer out of the 41 importers in Japan. In 2023 top imports of Fukui were Bituminous coal, not agglomerated (¥ 91.8B), Aluminium unwrought, not alloyed (¥ 27.3B), Light petroleum distillates nes (¥ 6.28B), Coal except anthracite or bituminous, not... (¥ 5.35B), and Terephthalic acid, its salts (¥ 3.62B).

Economic Complexity In 2023, the highest complexity exports of Fukui according to the product complexity index (PCI) are Metalworking Machines (2.2), Disc Chemicals for Electronics (2.04), Phosphoric Esters and Salts (1.84), Silicone (1.74), Hand Saws (1.72), Metal Finishing Machines (1.64), Flat-Rolled Stainless Steel (1.61), Polyamides (1.6), Knitting Machine Accessories (1.45), and Plastic Coated Textile Fabric (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 Fukui exported ¥9.15B and imported ¥16B, resulting in a negative trade balance of ¥6.88B. Between January 2023 and January 2024 the exports of Fukui have decreased by $-576M (-5.92%) from ¥9.72B to ¥9.15B, while imports decreased by ¥-9.49B (-37.2%) from ¥25.5B to ¥16B.

Trade In January 2024, the top exports of Fukui were Electromagnets (¥2.06B), Blown Glass (¥1.5B), Prepr binder for foundry (¥806M), Commodities not elsewhere specified (¥767M), and Rare-Earth Metal Compounds (¥629M). In January 2024 the top imports of Fukui were Coal Briquettes (¥7.45B), Raw Aluminium (¥2.1B), Refined Petroleum (¥1.64B), Polycarboxylic Acids (¥484M), and Fuel Wood (¥416M).

Destinations In January 2024, Fukui exported mostly to South Korea (¥3.26B), Philippines (¥1.57B), Vietnam (¥1.28B), China (¥1.09B), and Thailand (¥486M), and imported mostly from Australia (¥4.71B), South Korea (¥2.84B), India (¥2.1B), Indonesia (¥1.9B), and United States (¥1.71B).

Growth In January 2024, the decrease in Fukui's year-by-year exports was explained primarily by an decrease in exports to South Korea (¥-1.61B or -49.5%), Malaysia (¥-47M or -14.3%), and India (¥-33.8M or -62.1%), and product exports decrease in Blown Glass (¥-1.13B or -90.1%), Prepr binder for foundry (¥-581M or -54.6%), and Raw Aluminium (¥-59.6M or -73.8%). In January 2024, the decrease in Fukui's year-by-year imports was explained primarily by an decrease in imports from Russia (¥-3.52B or -72.9%), India (¥-486M or -94.5%), and Vietnam (¥-95.9M or -64.2%), and product imports decrease in Raw Aluminium (¥-5.09B or -79.6%), Non-Retail Synthetic Filament Yarn (¥-86.5M or -67.9%), and Ethylene Polymers (¥-40.8M or -13.5%).

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)¥-576M(-5.92%)

IMPORT GROWTH (January 2023 - January 2024)¥-9.49B(-37.2%)

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

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Historical Data

Yearly Exports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Destination (2023)South Korea¥ 32.4B

Top Product (2023)Metal permanent magnets, articles intended as...¥ 32.4B

In 2023 the top export destinations of Fukui were South Korea (¥ 32.4B), Philippines (¥ 26.9B), China (¥ 16.8B), Vietnam (¥ 15B), and Russia (¥ 9.91B).

In 2023 the top exports of Fukui were Metal permanent magnets, articles intended as... (¥ 32.4B), Compounds, mixes of rare-earths, yttrium, scandium... (¥ 12.2B), Drawn glass in sheets, clear (¥ 10.8B), Chemical products, mixtures and preparations; Others... (¥ 8.5B), and Silicones, primary forms (¥ 7.51B).

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Exports Dynamics

Starting Date

Ending Date

Fastest Growing Exports Destination (Jan 2023 - Jan 2024)

South Korea ¥ 1.61B (97.7%)

China ¥ 270M (32.8%)

India ¥ 71.4M (346%)

Rapidly Declining Export Origins (Jan 2023 - Jan 2024)

Russia ¥ -1.62B (-77.8%)

Philippines ¥ -773M (-33%)

Vietnam ¥ -113M (-8.07%)

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Yearly Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Origin (2023)Australia¥ 71.8B

Top Import (2023)Bituminous coal, not agglomerated¥ 91.8B

In 2023 the top import origins of Fukui were Australia (¥ 71.8B), Russia (¥ 25.7B), South Korea (¥ 23B), Indonesia (¥ 16.9B), and China (¥ 13.9B).

In 2023 the top imports of Fukui were Bituminous coal, not agglomerated (¥ 91.8B), Aluminium unwrought, not alloyed (¥ 27.3B), Light petroleum distillates nes (¥ 6.28B), Coal except anthracite or bituminous, not... (¥ 5.35B), and Terephthalic acid, its salts (¥ 3.62B).

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Imports Dynamics

Starting Date

Ending Date

Fastest Growing Import Origins (Jan 2023 - Jan 2024)

India ¥ 2.07B (7.31k%)

United States ¥ 1.49B (653%)

China ¥ 672M (66.6%)

Rapidly Declining Import Origins (Jan 2023 - Jan 2024)

Australia ¥ -11.6B (-71.1%)

Indonesia ¥ -1.72B (-47.6%)

Philippines ¥ -29.7M (-27.6%)

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Economic Complexity

Economic Complexity of Fukui

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Geomap

Treemap

Economic Complexity (2023)0.54

Fukui ranks 17th 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. Fukui it is in position 17th 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 Fukui already has a comparative advantage, are led by Precious Metal Compounds (0.1), Prepared Pigments (0.1), Carboxyamide Compounds (0.1), Photographic Chemicals (0.1), and Other Esters (0.097).

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Most Complex Products by PCI

The highest complexity exports of Fukui according to the product complexity index (PCI) are Metalworking Machines (2.2), Disc Chemicals for Electronics (2.04), Phosphoric Esters and Salts (1.84), Silicone (1.74), Hand Saws (1.72), Metal Finishing Machines (1.64), Flat-Rolled Stainless Steel (1.61), Polyamides (1.6), Knitting Machine Accessories (1.45), and Plastic Coated Textile Fabric (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 Blown Glass (2266.93), Rare-Earth Metal Compounds (803.29), Electromagnets (488.17), Laboratory Glassware (257.45), and Alkaline Metals (195.65).

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