Kumamoto | The Observatory of Economic Complexity

Kumamoto

Prefecture in Kyushu Region of Japan

2023
Economic
Complexity 0.15Rank 29 of 41

Jan 2024
Trade
Exports | Imports ¥ 2.98B | ¥ 15.2B35 of 41 | 28 of 41

Jan 2024
Country
Destination | Origin South Korea | United States ¥ 909M | ¥ 4.99B

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Image by keyaki
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Latest Trends
Historical Data
Economic Complexity

About

Overview This page contains the latest international trade data for Kumamoto. In January 2024 Kumamoto was the number 37 in total exports and the number 32 in total imports in Japan.

Exports In 2023, Japan's Kumamoto exported ¥ 42.9B, making it the 37th largest exporter out of the 41 exporters in Japan. In 2023 the top exports of Kumamoto were Electric, laser and ultrasonic welding equipment... (¥ 7.27B), Outboard motors, spark-ignition (¥ 5.94B), Bar/rod, iron or non-alloy steel, indented... (¥ 4.36B), Artificial graphite (¥ 3.16B), and Motorcycles, Spark ignition > 800 cc (¥ 2.67B).

Imports In 2023, Japan's Kumamoto imported ¥ 171B, making it the 32nd largest importer out of the 41 importers in Japan. In 2023 top imports of Kumamoto were Bituminous coal, not agglomerated (¥ 67.5B), Maize except seed corn (¥ 20.1B), Undenatured ethyl alcohol > 80% by... (¥ 16.8B), Wood in chips, non-coniferous (¥ 10.3B), and Soya-bean oil-cake and other solid residues (¥ 5.19B).

Economic Complexity In 2023, the highest complexity exports of Kumamoto according to the product complexity index (PCI) are Machinery Having Individual Functions (1.93), Other Measuring Instruments (1.59), Cutting Blades (1.53), Transmissions (1.51), Electric Soldering Equipment (1.47), Tensile Testing Machines (1.44), Organo-Sulfur Compounds (1.41), Other Nitrogen Compounds (1.38), Ball Bearings (1.31), and Stone Working Machines (1.15). 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 Kumamoto exported ¥2.98B and imported ¥15.2B, resulting in a negative trade balance of ¥12.2B. Between January 2023 and January 2024 the exports of Kumamoto have increased by $160M (5.67%) from ¥2.82B to ¥2.98B, while imports decreased by ¥-6.84B (-31%) from ¥22B to ¥15.2B.

Trade In January 2024, the top exports of Kumamoto were Electric Soldering Equipment (¥478M), Spark-Ignition Engines (¥434M), Raw Iron Bars (¥409M), Artificial Graphite (¥370M), and Rough Wood (¥200M). In January 2024 the top imports of Kumamoto were Coal Briquettes (¥8.7B), Corn (¥1.04B), Alcohol > 80% ABV (¥1.02B), Fuel Wood (¥757M), and Railway Cargo Containers (¥373M).

Destinations In January 2024, Kumamoto exported mostly to South Korea (¥909M), China (¥567M), Indonesia (¥317M), Malaysia (¥226M), and Taiwan (¥193M), and imported mostly from United States (¥4.99B), Canada (¥2.67B), Brazil (¥1.57B), Kazakhstan (¥1.56B), and China (¥1.19B).

Growth In January 2024, the increase in Kumamoto's year-by-year exports was explained primarily by an increase in exports to South Korea (¥404M or 56.9%), Vietnam (¥123M or 366%), and Germany (¥99.2M or 231%), and product exports increase in Raw Iron Bars (¥134M or 86.4%), Artificial Graphite (¥54M or 29%), and Electric Soldering Equipment (¥50.7M or 9.1%). In January 2024, the decrease in Kumamoto's year-by-year imports was explained primarily by an decrease in imports from United States (¥-1.54B or -84.4%), Malaysia (¥-333M or -31.1%), and South Korea (¥-172M or -27.6%), and product imports decrease in Nitrogenous Fertilizers (¥-346M or -32.2%), Soybean Meal (¥-251M or -74%), and Ethylene Polymers (¥-102M or -70.3%).

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)¥160M(5.67%)

IMPORT GROWTH (January 2023 - January 2024)¥-6.84B(-31%)

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

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Historical Data

Yearly Exports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Destination (2023)China¥ 12.2B

Top Product (2023)Electric, laser and ultrasonic welding equipment...¥ 7.27B

In 2023 the top export destinations of Kumamoto were China (¥ 12.2B), South Korea (¥ 11.5B), Indonesia (¥ 3.63B), United States (¥ 3.1B), and Malaysia (¥ 2.14B).

In 2023 the top exports of Kumamoto were Electric, laser and ultrasonic welding equipment... (¥ 7.27B), Outboard motors, spark-ignition (¥ 5.94B), Bar/rod, iron or non-alloy steel, indented... (¥ 4.36B), Artificial graphite (¥ 3.16B), and Motorcycles, Spark ignition > 800 cc (¥ 2.67B).

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Exports Dynamics

Starting Date

Ending Date

Fastest Growing Exports Destination (Jan 2023 - Jan 2024)

China ¥ 161M (39.6%)

Taiwan ¥ 151M (356%)

Malaysia ¥ 132M (141%)

Rapidly Declining Export Origins (Jan 2023 - Jan 2024)

South Korea ¥ -204M (-18.3%)

Germany ¥ -89.6M (-63.1%)

United States ¥ -78.3M (-38.2%)

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Yearly Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Origin (2023)Australia¥ 55.8B

Top Import (2023)Bituminous coal, not agglomerated¥ 67.5B

In 2023 the top import origins of Kumamoto were Australia (¥ 55.8B), Brazil (¥ 30.9B), China (¥ 19.4B), United States (¥ 13.7B), and Canada (¥ 10.3B).

In 2023 the top imports of Kumamoto were Bituminous coal, not agglomerated (¥ 67.5B), Maize except seed corn (¥ 20.1B), Undenatured ethyl alcohol > 80% by... (¥ 16.8B), Wood in chips, non-coniferous (¥ 10.3B), and Soya-bean oil-cake and other solid residues (¥ 5.19B).

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Imports Dynamics

Starting Date

Ending Date

Fastest Growing Import Origins (Jan 2023 - Jan 2024)

United States ¥ 4.7B (1.65k%)

Canada ¥ 2.65B (25.3k%)

China ¥ 264M (28.6%)

Rapidly Declining Import Origins (Jan 2023 - Jan 2024)

Australia ¥ -12.3B (-95.1%)

Brazil ¥ -1.55B (-49.6%)

Vietnam ¥ -638M (-84.2%)

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Economic Complexity

Economic Complexity of Kumamoto

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Geomap

Treemap

Economic Complexity (2023)0.15

Kumamoto ranks 29th 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. Kumamoto it is in position 29th 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 Kumamoto already has a comparative advantage, are led by Flavored Water (0.058), Other Edible Preparations (0.057), Propylene Polymers (0.056), Plastic Lids (0.056), and Baked Goods (0.056).

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Most Complex Products by PCI

The highest complexity exports of Kumamoto according to the product complexity index (PCI) are Machinery Having Individual Functions (1.93), Other Measuring Instruments (1.59), Cutting Blades (1.53), Transmissions (1.51), Electric Soldering Equipment (1.47), Tensile Testing Machines (1.44), Organo-Sulfur Compounds (1.41), Other Nitrogen Compounds (1.38), Ball Bearings (1.31), and Stone Working Machines (1.15). 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 Artificial Graphite (468.68), Electric Soldering Equipment (315.15), Live Fish (268.81), Stone Working Machines (120.71), and Rough Wood (105.80).

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