Okinawa | The Observatory of Economic Complexity

Okinawa

Prefecture in Kyushu Region of Japan

2023
Economic
Complexity -0.38Rank 41 of 41

Jan 2024
Trade
Exports | Imports ¥ 2.14B | ¥ 14.8B36 of 41 | 29 of 41

Jan 2024
Country
Destination | Origin Taiwan | United States ¥ 455M | ¥ 2.74B

Image 1

Image by Jason
Link: https://flic.kr/p/hVdAK5

Latest Trends
Historical Data
Economic Complexity

About

Overview This page contains the latest international trade data for Okinawa. In January 2024 Okinawa was the number 35 in total exports and the number 25 in total imports in Japan.

Exports In 2023, Japan's Okinawa exported ¥ 74B, making it the 35th largest exporter out of the 41 exporters in Japan. In 2023 the top exports of Okinawa were Commodities not specified according to kind (¥ 26.7B), Light petroleum distillates nes (¥ 9.66B), Ferrous waste or scrap, nes (¥ 2.37B), Scrap of Kraft paper (¥ 1.33B), and Beer made from malt (¥ 1.15B).

Imports In 2023, Japan's Okinawa imported ¥ 305B, making it the 25th largest importer out of the 41 importers in Japan. In 2023 top imports of Okinawa were Petroleum oils, oils from bituminous minerals,... (¥ 92.4B), Bituminous coal, not agglomerated (¥ 33.1B), Natural gas, liquefied (¥ 29.5B), Light petroleum distillates nes (¥ 21.5B), and Coal except anthracite or bituminous, not... (¥ 14B).

Economic Complexity In 2023, the highest complexity exports of Okinawa according to the product complexity index (PCI) are Fork-Lifts (1.63), Ball Bearings (1.31), Spark-Ignition Engines (1.06), Industrial Furnaces (0.97), Large Construction Vehicles (0.94), Centrifuges (0.93), Rubber Belting (0.89), Video and Card Games (0.72), Pig Meat (0.66), and Cranes (0.51). 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 Okinawa exported ¥2.14B and imported ¥14.8B, resulting in a negative trade balance of ¥12.7B. Between January 2023 and January 2024 the exports of Okinawa have increased by $1.08B (101%) from ¥1.06B to ¥2.14B, while imports decreased by ¥-2.24B (-13.2%) from ¥17B to ¥14.8B.

Trade In January 2024, the top exports of Okinawa were Scrap Iron (¥553M), Commodities not elsewhere specified (¥458M), Recovered Paper (¥161M), Beer (¥129M), and Large Construction Vehicles (¥114M). In January 2024 the top imports of Okinawa were Coal Briquettes (¥4.43B), Refined Petroleum (¥2.12B), Rice (¥738M), Other Vegetable Products (¥664M), and Other Prepared Meat (¥530M).

Destinations In January 2024, Okinawa exported mostly to Taiwan (¥455M), Singapore (¥450M), Vietnam (¥390M), United States (¥237M), and South Korea (¥120M), and imported mostly from United States (¥2.74B), Australia (¥2.61B), South Korea (¥2.42B), China (¥1.69B), and Thailand (¥937M).

Growth In January 2024, the increase in Okinawa's year-by-year exports was explained primarily by an increase in exports to South Korea (¥169M or 184%), United States (¥79.3M or 149%), and China (¥47.2M or 102%), and product exports increase in Scrap Iron (¥102M or 1.51k%), Ball Bearings (¥78.4M or 197%), and Hard Liquor (¥44.1M or 1.88k%). In January 2024, the decrease in Okinawa's year-by-year imports was explained primarily by an decrease in imports from South Korea (¥-1.63B or -89.7%), Indonesia (¥-494M or -41.1%), and Russia (¥-125M or -89.7%), and product imports decrease in Commodities not elsewhere specified (¥-177M or -84.5%), Seats (¥-88.7M or -58.7%), and Railway Cargo Containers (¥-77.1M or -83.9%).

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)¥1.08B(101%)

IMPORT GROWTH (January 2023 - January 2024)¥-2.24B(-13.2%)

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

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Historical Data

Yearly Exports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Destination (2023)China¥ 23.4B

Top Product (2023)Commodities not specified according to kind¥ 26.7B

In 2023 the top export destinations of Okinawa were China (¥ 23.4B), Bangladesh (¥ 5.6B), Australia (¥ 5.13B), Taiwan (¥ 4.36B), and South Korea (¥ 3.81B).

In 2023 the top exports of Okinawa were Commodities not specified according to kind (¥ 26.7B), Light petroleum distillates nes (¥ 9.66B), Ferrous waste or scrap, nes (¥ 2.37B), Scrap of Kraft paper (¥ 1.33B), and Beer made from malt (¥ 1.15B).

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Exports Dynamics

Starting Date

Ending Date

Fastest Growing Exports Destination (Jan 2023 - Jan 2024)

Singapore ¥ 422M (1.48k%)

Vietnam ¥ 380M (3.66k%)

Taiwan ¥ 233M (105%)

Rapidly Declining Export Origins (Jan 2023 - Jan 2024)

South Korea ¥ -141M (-54.1%)

China ¥ -43.9M (-47.1%)

Hong Kong ¥ -30.7M (-28.5%)

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Yearly Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Origin (2023)Saudi Arabia¥ 92.3B

Top Import (2023)Petroleum oils, oils from bituminous minerals,...¥ 92.4B

In 2023 the top import origins of Okinawa were Saudi Arabia (¥ 92.3B), Australia (¥ 59B), China (¥ 35.5B), Indonesia (¥ 24.2B), and United States (¥ 14.9B).

In 2023 the top imports of Okinawa were Petroleum oils, oils from bituminous minerals,... (¥ 92.4B), Bituminous coal, not agglomerated (¥ 33.1B), Natural gas, liquefied (¥ 29.5B), Light petroleum distillates nes (¥ 21.5B), and Coal except anthracite or bituminous, not... (¥ 14B).

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Imports Dynamics

Starting Date

Ending Date

Fastest Growing Import Origins (Jan 2023 - Jan 2024)

South Korea ¥ 2.23B (1.19k%)

United States ¥ 1.65B (152%)

Thailand ¥ 251M (36.6%)

Rapidly Declining Import Origins (Jan 2023 - Jan 2024)

France ¥ -2.91B (-93.6%)

Australia ¥ -2.65B (-50.4%)

China ¥ -1.66B (-49.5%)

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Economic Complexity

Economic Complexity of Okinawa

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Geomap

Treemap

Economic Complexity (2023)-0.38

Okinawa ranks 41st 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. Okinawa it is in position 41st 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 Okinawa already has a comparative advantage, are led by Tropical Fruits (0.072), Raw Sugar (0.067), Other Animals (0.066), Fruit Juice (0.065), and Other Vegetables (0.065).

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Most Complex Products by PCI

The highest complexity exports of Okinawa according to the product complexity index (PCI) are Fork-Lifts (1.63), Ball Bearings (1.31), Spark-Ignition Engines (1.06), Industrial Furnaces (0.97), Large Construction Vehicles (0.94), Centrifuges (0.93), Rubber Belting (0.89), Video and Card Games (0.72), Pig Meat (0.66), and Cranes (0.51). 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 Recovered Paper (76.96), Beer (27.13), Other Fermented Beverages (20.91), Scrap Iron (20.28), and Inedible Fats and Oils (18.80).

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