Fukushima | The Observatory of Economic Complexity

Fukushima

Prefecture in Tōhoku Region of Japan

2023
Economic
Complexity 0.6Rank 14 of 41

Jan 2024
Trade
Exports | Imports ¥ 13.2B | ¥ 67.1B21 of 41 | 20 of 41

Jan 2024
Country
Destination | Origin United States | Australia ¥ 3.55B | ¥ 24.4B

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Latest Trends
Historical Data
Economic Complexity

About

Overview This page contains the latest international trade data for Fukushima. In January 2024 Fukushima was the number 26 in total exports and the number 20 in total imports in Japan.

Exports In 2023, Japan's Fukushima exported ¥ 204B, making it the 26th largest exporter out of the 41 exporters in Japan. In 2023 the top exports of Fukushima were Parts of turbo-jet or turbo-propeller engines (¥ 58.1B), Medicaments nes, in dosage (¥ 13.5B), Parts of electric accumulators, including separators (¥ 12.6B), Lithium oxide and hydroxide (¥ 7.3B), and Parts for radio/tv transmit/receive equipment, nes (¥ 7.13B).

Imports In 2023, Japan's Fukushima imported ¥ 999B, making it the 20th largest importer out of the 41 importers in Japan. In 2023 top imports of Fukushima were Bituminous coal, not agglomerated (¥ 447B), Copper ores and concentrates (¥ 229B), Natural gas, liquefied (¥ 104B), Coal except anthracite or bituminous, not... (¥ 43.3B), and Zinc ores and concentrates (¥ 18.4B).

Economic Complexity In 2023, the highest complexity exports of Fukushima according to the product complexity index (PCI) are Blank Audio Media (1.91), Iron Fasteners (1.79), Transmissions (1.51), Metal Molds (1.45), Air Pumps (1.39), Industrial Printers (1.31), Ball Bearings (1.31), Micro-Organism Culture Preparations (1.28), Iron Pipe Fittings (1.21), and Electric Batteries (1.18). 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 Fukushima exported ¥13.2B and imported ¥67.1B, resulting in a negative trade balance of ¥53.9B. Between January 2023 and January 2024 the exports of Fukushima have increased by $3.98B (43.2%) from ¥9.22B to ¥13.2B, while imports decreased by ¥-45.5B (-40.4%) from ¥113B to ¥67.1B.

Trade In January 2024, the top exports of Fukushima were Gas Turbines (¥3.94B), Packaged Medicaments (¥3.69B), Commodities not elsewhere specified (¥1.96B), Refined Copper (¥1.13B), and Electric Batteries (¥297M). In January 2024 the top imports of Fukushima were Coal Briquettes (¥33B), Copper Ore (¥17.8B), Petroleum Gas (¥9.35B), Fuel Wood (¥2.18B), and Zinc Ore (¥1.19B).

Destinations In January 2024, Fukushima exported mostly to United States (¥3.55B), China (¥2.71B), United Kingdom (¥2.62B), South Korea (¥2.02B), and India (¥1.32B), and imported mostly from Australia (¥24.4B), Indonesia (¥12.5B), United States (¥7.53B), Malaysia (¥5.78B), and Canada (¥4.64B).

Growth In January 2024, the increase in Fukushima's year-by-year exports was explained primarily by an increase in exports to India (¥208M or 771%), Vietnam (¥174M or 67.1%), and Singapore (¥118M or 6.76%), and product exports increase in Broadcasting Accessories (¥301M or 95.9%), Electric Batteries (¥222M or 12%), and Centrifuges (¥48.8M or 1.57k%). In January 2024, the decrease in Fukushima's year-by-year imports was explained primarily by an decrease in imports from Indonesia (¥-3.75B or -31.3%), Chile (¥-1.54B or -22.6%), and India (¥-466M or -98.1%), and product imports decrease in Copper Ore (¥-2.44B or -12.4%), Zinc Ore (¥-687M or -32.1%), and Coke (¥-252M or -43.2%).

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)¥3.98B(43.2%)

IMPORT GROWTH (January 2023 - January 2024)¥-45.5B(-40.4%)

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

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Historical Data

Yearly Exports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Destination (2023)United States¥ 54.2B

Top Product (2023)Parts of turbo-jet or turbo-propeller engines¥ 58.1B

In 2023 the top export destinations of Fukushima were United States (¥ 54.2B), United Kingdom (¥ 19.1B), China (¥ 18.9B), Singapore (¥ 11.4B), and South Korea (¥ 10.7B).

In 2023 the top exports of Fukushima were Parts of turbo-jet or turbo-propeller engines (¥ 58.1B), Medicaments nes, in dosage (¥ 13.5B), Parts of electric accumulators, including separators (¥ 12.6B), Lithium oxide and hydroxide (¥ 7.3B), and Parts for radio/tv transmit/receive equipment, nes (¥ 7.13B).

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Exports Dynamics

Starting Date

Ending Date

Fastest Growing Exports Destination (Jan 2023 - Jan 2024)

China ¥ 2.31B (579%)

South Korea ¥ 1.91B (1.67k%)

India ¥ 1.09B (462%)

Rapidly Declining Export Origins (Jan 2023 - Jan 2024)

Singapore ¥ -1.78B (-95.5%)

Vietnam ¥ -196M (-45.3%)

Taiwan ¥ -142M (-54.1%)

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Yearly Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Origin (2023)Australia¥ 368B

Top Import (2023)Bituminous coal, not agglomerated¥ 447B

In 2023 the top import origins of Fukushima were Australia (¥ 368B), Indonesia (¥ 137B), United States (¥ 101B), Chile (¥ 74B), and Canada (¥ 65.3B).

In 2023 the top imports of Fukushima were Bituminous coal, not agglomerated (¥ 447B), Copper ores and concentrates (¥ 229B), Natural gas, liquefied (¥ 104B), Coal except anthracite or bituminous, not... (¥ 43.3B), and Zinc ores and concentrates (¥ 18.4B).

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Imports Dynamics

Starting Date

Ending Date

Fastest Growing Import Origins (Jan 2023 - Jan 2024)

Malaysia ¥ 4.4B (317%)

Indonesia ¥ 4.26B (51.7%)

Taiwan ¥ 4.04B (1.99k%)

Rapidly Declining Import Origins (Jan 2023 - Jan 2024)

Australia ¥ -40.5B (-62.5%)

Peru ¥ -6.49B (-84.5%)

United States ¥ -6.41B (-46%)

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Economic Complexity

Economic Complexity of Fukushima

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Geomap

Treemap

Economic Complexity (2023)0.6

Fukushima ranks 14th 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. Fukushima it is in position 14th 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 Fukushima already has a comparative advantage, are led by Oscilloscopes (0.062), Chemical Analysis Instruments (0.059), Metal Pickling Preparations (0.058), Other Measuring Instruments (0.057), and Rubberworking Machinery (0.056).

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Most Complex Products by PCI

The highest complexity exports of Fukushima according to the product complexity index (PCI) are Blank Audio Media (1.91), Iron Fasteners (1.79), Transmissions (1.51), Metal Molds (1.45), Air Pumps (1.39), Industrial Printers (1.31), Ball Bearings (1.31), Micro-Organism Culture Preparations (1.28), Iron Pipe Fittings (1.21), and Electric Batteries (1.18). 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 Inorganic Salts (158.79), Carbon Paper (72.70), Sulfuric Acid (70.97), Gas Turbines (65.37), and Other Glass Articles (26.15).

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