Kōchi | The Observatory of Economic Complexity

Kōchi

Prefecture in Shikoku Region of Japan

2023
Economic
Complexity -0.28Rank 39 of 41

Jan 2024
Trade
Exports | Imports ¥ 1.65B | ¥ 3.35B37 of 41 | 39 of 41

Jan 2024
Country
Destination | Origin United States | China ¥ 378M | ¥ 1.13B

Image 1

Image by Dan Crowther
Link: https://flic.kr/p/4LeKhN

Latest Trends
Historical Data
Economic Complexity

About

Overview This page contains the latest international trade data for Kōchi. In January 2024 Kōchi was the number 36 in total exports and the number 39 in total imports in Japan.

Exports In 2023, Japan's Kōchi exported ¥ 35.5B, making it the 36th largest exporter out of the 41 exporters in Japan. In 2023 the top exports of Kōchi were Cargo vessels other than tanker or... (¥ 16.7B), Portland cement, other than white cement (¥ 4.26B), Rifles, sporting, hunting or target-shooting, nes (¥ 4.21B), Limestone materials for manufacture of lime... (¥ 3.51B), and Firearms: parts and accessories, of shotguns... (¥ 3.31B).

Imports In 2023, Japan's Kōchi imported ¥ 45.3B, making it the 39th largest importer out of the 41 importers in Japan. In 2023 top imports of Kōchi were Bituminous coal, not agglomerated (¥ 14.9B), Vegetable products nes (¥ 2.77B), Ferro-silicon, >55% silicon (¥ 2.76B), Wood; coniferous species, of pine (Pinus... (¥ 1.62B), and Chemical pulps of other fibrous material (¥ 1.62B).

Economic Complexity In 2023, the highest complexity exports of Kōchi according to the product complexity index (PCI) are Milling Stones (1.23), Spark-Ignition Engines (1.06), Harvesting Machinery (0.87), Weapons Parts and Accessories (0.76), Non-woven Textiles (0.75), Soil Preparation Machinery (0.7), Pianos (0.43), Other Firearms (0.29), Rubber Textiles (0.19), and Other Uncoated Paper (0.19). 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 Kōchi exported ¥1.65B and imported ¥3.35B, resulting in a negative trade balance of ¥1.71B. Between January 2023 and January 2024 the exports of Kōchi have decreased by $-3.02B (-64.7%) from ¥4.66B to ¥1.65B, while imports decreased by ¥-358M (-9.64%) from ¥3.71B to ¥3.35B.

Trade In January 2024, the top exports of Kōchi were Limestone (¥403M), Other Firearms (¥264M), Cement (¥250M), Weapons Parts and Accessories (¥175M), and Other Mineral (¥115M). In January 2024 the top imports of Kōchi were Coal Briquettes (¥773M), Passenger and Cargo Ships (¥677M), Rough Wood (¥377M), Other Vegetable Products (¥273M), and Ferroalloys (¥240M).

Destinations In January 2024, Kōchi exported mostly to United States (¥378M), Taiwan (¥288M), Australia (¥229M), South Korea (¥213M), and Singapore (¥127M), and imported mostly from China (¥1.13B), Russia (¥556M), New Zealand (¥387M), Australia (¥376M), and Indonesia (¥328M).

Growth In January 2024, the decrease in Kōchi's year-by-year exports was explained primarily by an decrease in exports to Singapore (¥-124M or -90.9%), China (¥-51M or -51%), and South Korea (¥-47.2M or -17.8%), and product exports decrease in Cement (¥-120M or -36.2%), Other Uncoated Paper (¥-84.6M or -76%), and Commodities not elsewhere specified (¥-70.5M or -91.7%). In January 2024, the decrease in Kōchi's year-by-year imports was explained primarily by an decrease in imports from Russia (¥-450M or -30.8%), South Korea (¥-173M or -78.7%), and Philippines (¥-27.5M or -27.1%), and product imports decrease in Commodities not elsewhere specified (¥-42.9M or -83.9%), Phosphinates (hypophosphites) and phosphonates (phosphites) (¥-29.9M or -52.8%), and Recovered Paper Pulp (¥-29.8M or -16.6%).

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)¥-3.02B(-64.7%)

IMPORT GROWTH (January 2023 - January 2024)¥-358M(-9.64%)

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

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Historical Data

Yearly Exports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Destination (2023)Panama¥ 10.6B

Top Product (2023)Cargo vessels other than tanker or...¥ 16.7B

In 2023 the top export destinations of Kōchi were Panama (¥ 10.6B), United States (¥ 7.61B), South Korea (¥ 4.6B), Malta (¥ 4.1B), and Taiwan (¥ 2.8B).

In 2023 the top exports of Kōchi were Cargo vessels other than tanker or... (¥ 16.7B), Portland cement, other than white cement (¥ 4.26B), Rifles, sporting, hunting or target-shooting, nes (¥ 4.21B), Limestone materials for manufacture of lime... (¥ 3.51B), and Firearms: parts and accessories, of shotguns... (¥ 3.31B).

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Exports Dynamics

Starting Date

Ending Date

Fastest Growing Exports Destination (Jan 2023 - Jan 2024)

Taiwan ¥ 126M (77.5%)

Singapore ¥ 114M (917%)

Philippines ¥ 104M (1.5k%)

Rapidly Declining Export Origins (Jan 2023 - Jan 2024)

Belgium ¥ -142M (-65.5%)

Hong Kong ¥ -64.4M (-60.5%)

Australia ¥ -62.7M (-21.5%)

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Yearly Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Origin (2023)Russia¥ 14.2B

Top Import (2023)Bituminous coal, not agglomerated¥ 14.9B

In 2023 the top import origins of Kōchi were Russia (¥ 14.2B), China (¥ 6.84B), Indonesia (¥ 3.09B), United States (¥ 1.76B), and New Zealand (¥ 1.67B).

In 2023 the top imports of Kōchi were Bituminous coal, not agglomerated (¥ 14.9B), Vegetable products nes (¥ 2.77B), Ferro-silicon, >55% silicon (¥ 2.76B), Wood; coniferous species, of pine (Pinus... (¥ 1.62B), and Chemical pulps of other fibrous material (¥ 1.62B).

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Imports Dynamics

Starting Date

Ending Date

Fastest Growing Import Origins (Jan 2023 - Jan 2024)

China ¥ 449M (66.1%)

Australia ¥ 360M (2.19k%)

Ecuador ¥ 83.2M (407%)

Rapidly Declining Import Origins (Jan 2023 - Jan 2024)

Russia ¥ -454M (-44.9%)

Indonesia ¥ -137M (-29.5%)

Philippines ¥ -43.5M (-58.8%)

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Economic Complexity

Economic Complexity of Kōchi

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Geomap

Treemap

Economic Complexity (2023)-0.28

Kōchi ranks 39th 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. Kōchi it is in position 39th 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 Kōchi already has a comparative advantage, are led by Sawn Wood (0.041), Soap (0.041), Fish: dried, salted, smoked or in... (0.041), Other Fermented Beverages (0.039), and Toilet Paper (0.038).

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Most Complex Products by PCI

The highest complexity exports of Kōchi according to the product complexity index (PCI) are Milling Stones (1.23), Spark-Ignition Engines (1.06), Harvesting Machinery (0.87), Weapons Parts and Accessories (0.76), Non-woven Textiles (0.75), Soil Preparation Machinery (0.7), Pianos (0.43), Other Firearms (0.29), Rubber Textiles (0.19), and Other Uncoated Paper (0.19). 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 Other Firearms (1616.53), Limestone (1593.30), Weapons Parts and Accessories (594.34), Cement (138.77), and Passenger and Cargo Ships (109.75).

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