Hiroshima | The Observatory of Economic Complexity

Hiroshima

Prefecture in Chūgoku Region of Japan

2023
Economic
Complexity 0.59Rank 15 of 41

Jan 2024
Trade
Exports | Imports ¥ 214B | ¥ 114B8 of 41 | 17 of 41

Jan 2024
Country
Destination | Origin United States | Australia ¥ 42.7B | ¥ 32.4B

Image 1

Image by Peter Cartledge
Link: https://flic.kr/p/pH7PQz

Latest Trends
Historical Data
Economic Complexity

About

Overview This page contains the latest international trade data for Hiroshima. In January 2024 Hiroshima was the number 8 in total exports and the number 15 in total imports in Japan.

Exports In 2023, Japan's Hiroshima exported ¥ 2.75T, making it the 8th largest exporter out of the 41 exporters in Japan. In 2023 the top exports of Hiroshima were Medium Sized Cars (¥ 1.23T), Cargo vessels other than tanker or... (¥ 269B), Iron/Steel Sheets: Thin, Hot-Rolled, Wide Coils (¥ 145B), Commodities not specified according to kind (¥ 79.1B), and Shovels and excavators with revolving superstructure (¥ 62.8B).

Imports In 2023, Japan's Hiroshima imported ¥ 1.62T, making it the 15th largest importer out of the 41 importers in Japan. In 2023 top imports of Hiroshima were Bituminous coal, not agglomerated (¥ 319B), Iron ore, concentrate, not iron pyrites,unagglomerate (¥ 225B), Commodities not specified according to kind (¥ 52.2B), Ignition/other wiring sets for vehicles/aircraft/ship (¥ 38.2B), and Anthracite, not agglomerated (¥ 34B).

Economic Complexity In 2023, the highest complexity exports of Hiroshima according to the product complexity index (PCI) are Metalworking Machines (2.2), Iron Fasteners (1.79), Rubberworking Machinery (1.78), Interchangeable Tool Parts (1.76), Metal Finishing Machines (1.64), Transmissions (1.51), Flat Flat-Rolled Steel (1.44), Air Pumps (1.39), Gaskets (1.38), and Liquid Pumps (1.38). 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 Hiroshima exported ¥214B and imported ¥114B, resulting in a positive trade balance of ¥100B. Between January 2023 and January 2024 the exports of Hiroshima have decreased by $-21.9B (-9.28%) from ¥236B to ¥214B, while imports decreased by ¥-34.3B (-23.1%) from ¥149B to ¥114B.

Trade In January 2024, the top exports of Hiroshima were Cars (¥90B), Hot-Rolled Iron (¥26B), Passenger and Cargo Ships (¥19.1B), Motor vehicles; parts and accessories (8701... (¥7.75B), and Commodities not elsewhere specified (¥5.98B). In January 2024 the top imports of Hiroshima were Coal Briquettes (¥25.6B), Iron Ore (¥18.1B), Motor vehicles; parts and accessories (8701... (¥5.6B), Insulated Wire (¥3.74B), and Rough Wood (¥2.51B).

Destinations In January 2024, Hiroshima exported mostly to United States (¥42.7B), Thailand (¥13.9B), South Korea (¥13.5B), Australia (¥13.3B), and Liberia (¥10.8B), and imported mostly from Australia (¥32.4B), China (¥31.1B), Brazil (¥7.7B), South Korea (¥6.72B), and Thailand (¥6.23B).

Growth In January 2024, the decrease in Hiroshima's year-by-year exports was explained primarily by an decrease in exports to China (¥-4.55B or -35%), Panama (¥-3.79B or -66.8%), and United States (¥-3.39B or -5.38%), and product exports decrease in Hot-Rolled Iron (¥-5.61B or -19.3%), Flat Flat-Rolled Steel (¥-948M or -10.5%), and Large Construction Vehicles (¥-910M or -26.8%). In January 2024, the decrease in Hiroshima's year-by-year imports was explained primarily by an decrease in imports from Singapore (¥-7.77B or -98.8%), Brazil (¥-3.23B or -33.5%), and Australia (¥-815M or -2.14%), and product imports decrease in Iron Ore (¥-5.24B or -17.7%), Commodities not elsewhere specified (¥-3.03B or -40.2%), and Excavation Machinery (¥-1.5B or -52.6%).

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)¥-21.9B(-9.28%)

IMPORT GROWTH (January 2023 - January 2024)¥-34.3B(-23.1%)

This section shows exports and imports data at subnational level for Hiroshima. 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 Hiroshima 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¥ 789B

Top Product (2023)Medium Sized Cars¥ 1.23T

In 2023 the top export destinations of Hiroshima were United States (¥ 789B), Thailand (¥ 175B), Australia (¥ 166B), Mexico (¥ 163B), and China (¥ 156B).

In 2023 the top exports of Hiroshima were Medium Sized Cars (¥ 1.23T), Cargo vessels other than tanker or... (¥ 269B), Iron/Steel Sheets: Thin, Hot-Rolled, Wide Coils (¥ 145B), Commodities not specified according to kind (¥ 79.1B), and Shovels and excavators with revolving superstructure (¥ 62.8B).

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Exports Dynamics

Starting Date

Ending Date

Fastest Growing Exports Destination (Jan 2023 - Jan 2024)

Germany ¥ 5.24B (153%)

Italy ¥ 4.22B (766%)

Canada ¥ 4.04B (109%)

Rapidly Declining Export Origins (Jan 2023 - Jan 2024)

United States ¥ -16.9B (-28.4%)

Australia ¥ -7.36B (-35.7%)

Mexico ¥ -7.34B (-47.4%)

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Yearly Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Origin (2023)Australia¥ 412B

Top Import (2023)Bituminous coal, not agglomerated¥ 319B

In 2023 the top import origins of Hiroshima were Australia (¥ 412B), China (¥ 358B), Brazil (¥ 92.4B), South Korea (¥ 90.1B), and United States (¥ 67.3B).

In 2023 the top imports of Hiroshima were Bituminous coal, not agglomerated (¥ 319B), Iron ore, concentrate, not iron pyrites,unagglomerate (¥ 225B), Commodities not specified according to kind (¥ 52.2B), Ignition/other wiring sets for vehicles/aircraft/ship (¥ 38.2B), and Anthracite, not agglomerated (¥ 34B).

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Imports Dynamics

Starting Date

Ending Date

Fastest Growing Import Origins (Jan 2023 - Jan 2024)

Thailand ¥ 2.94B (89.5%)

Brazil ¥ 1.29B (20.2%)

Mexico ¥ 1.02B (115%)

Rapidly Declining Import Origins (Jan 2023 - Jan 2024)

Canada ¥ -7.91B (-92.9%)

Russia ¥ -7.81B (-99.3%)

Malaysia ¥ -6.16B (-67.3%)

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Economic Complexity

Economic Complexity of Hiroshima

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Geomap

Treemap

Economic Complexity (2023)0.59

Hiroshima ranks 15th 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. Hiroshima it is in position 15th 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 Hiroshima already has a comparative advantage, are led by Flat-Rolled Iron (0.091), Electric Soldering Equipment (0.09), Metalworking Machine Parts (0.087), Forging Machines (0.086), and Non-Mechanical Removal Machinery (0.085).

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Most Complex Products by PCI

The highest complexity exports of Hiroshima according to the product complexity index (PCI) are Metalworking Machines (2.2), Iron Fasteners (1.79), Rubberworking Machinery (1.78), Interchangeable Tool Parts (1.76), Metal Finishing Machines (1.64), Transmissions (1.51), Flat Flat-Rolled Steel (1.44), Air Pumps (1.39), Gaskets (1.38), and Liquid Pumps (1.38). 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 Synthetic Filament Tow (32.04), Hot-Rolled Iron (30.90), Other Large Iron Pipes (30.76), Granulated Slag (27.94), and Passenger and Cargo Ships (27.25).

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