Shikoku | The Observatory of Economic Complexity

Shikoku

Region in Japan

2023
Economic
Complexity 0.26Rank 6 of 8

Jan 2024
Trade
Exports | Imports ¥ 77.4B | ¥ 217B6 of 8 | 7 of 8

Jan 2024
Country
Destination | Origin Panama | Australia ¥ 13.4B | ¥ 44.4B

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 Shikoku. In January 2024 Shikoku was the number 6 in total exports and the number 7 in total imports in Japan.

Exports In 2023, Japan's Shikoku exported ¥ 1.2T, making it the 6th largest exporter out of the 8 exporters in Japan. In 2023 the top exports of Shikoku were Cargo vessels other than tanker or... (¥ 362B), Copper cathodes and sections of cathodes... (¥ 78.9B), Bituminous mix, mastic from asphalt, bitumen/tar/pitc (¥ 76.8B), Tankers (¥ 75.6B), and Xylole (¥ 58.2B).

Imports In 2023, Japan's Shikoku imported ¥ 2.3T, making it the 7th largest importer out of the 8 importers in Japan. In 2023 top imports of Shikoku were Petroleum oils, oils from bituminous minerals,... (¥ 507B), Copper ores and concentrates (¥ 354B), Bituminous coal, not agglomerated (¥ 314B), Nickel oxide sinters, intermediate nickel products... (¥ 123B), and Natural gas, liquefied (¥ 58.8B).

Economic Complexity In 2023, the highest complexity exports of Shikoku according to the product complexity index (PCI) are Artificial Textile Machinery (2.11), Metal Pickling Preparations (1.79), Epoxides (1.67), Chemical Analysis Instruments (1.63), Organo-Sulfur Compounds (1.41), Acrylic Polymers (1.3), Other Inorganic Acids Salts (1.29), Combustion Engines (1.27), Boiler Plants (1.26), and Petroleum Resins (1.24). 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 Shikoku exported ¥77.4B and imported ¥217B, resulting in a negative trade balance of ¥140B. Between January 2023 and January 2024 the exports of Shikoku have decreased by $-4.18B (-5.13%) from ¥81.6B to ¥77.4B, while imports increased by ¥25.6B (13.4%) from ¥192B to ¥217B.

Trade In January 2024, the top exports of Shikoku were Passenger and Cargo Ships (¥23.8B), Refined Copper (¥6.26B), Coal Tar Oil (¥6.16B), Reaction and Catalytic Products (¥6.06B), and Organo-Sulfur Compounds (¥5.08B). In January 2024 the top imports of Shikoku were Coal Briquettes (¥50.2B), Copper Ore (¥47.3B), Crude Petroleum (¥44B), Petroleum Gas (¥13.6B), and Nickel Mattes (¥10.5B).

Destinations In January 2024, Shikoku exported mostly to Panama (¥13.4B), China (¥11B), South Korea (¥9.92B), Taiwan (¥6.89B), and Marshall Islands (¥5.42B), and imported mostly from Australia (¥44.4B), United States (¥39.8B), Indonesia (¥30.6B), Chile (¥15.3B), and China (¥14B).

Growth In January 2024, the decrease in Shikoku's year-by-year exports was explained primarily by an decrease in exports to Singapore (¥-11.9B or -97.5%), Liberia (¥-6.87B or -53.4%), and Mexico (¥-2.87B or -97.8%), and product exports decrease in Asphalt Mixtures (¥-4.31B or -39.9%), Refined Copper (¥-3.74B or -47.8%), and Passenger and Cargo Ships (¥-2.26B or -6.18%). In January 2024, the increase in Shikoku's year-by-year imports was explained primarily by an increase in imports from Indonesia (¥12.6B or 111%), United States (¥8.37B or 165%), and Philippines (¥7.21B or 88.3%), and product imports increase in Crude Petroleum (¥10.8B or 35.5%), Coal Briquettes (¥9.93B or 27.3%), and Nickel Mattes (¥8.74B or 92.1%).

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)¥-4.18B(-5.13%)

IMPORT GROWTH (January 2023 - January 2024)¥25.6B(13.4%)

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

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Historical Data

Yearly Exports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Destination (2023)Panama¥ 212B

Top Product (2023)Cargo vessels other than tanker or...¥ 362B

In 2023 the top export destinations of Shikoku were Panama (¥ 212B), China (¥ 199B), Liberia (¥ 156B), South Korea (¥ 97.2B), and Taiwan (¥ 96.8B).

In 2023 the top exports of Shikoku were Cargo vessels other than tanker or... (¥ 362B), Copper cathodes and sections of cathodes... (¥ 78.9B), Bituminous mix, mastic from asphalt, bitumen/tar/pitc (¥ 76.8B), Tankers (¥ 75.6B), and Xylole (¥ 58.2B).

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Exports Dynamics

Starting Date

Ending Date

Fastest Growing Exports Destination (Jan 2023 - Jan 2024)

Taiwan ¥ 2.44B (54.7%)

Singapore ¥ 2.36B (769%)

South Korea ¥ 1.94B (24.3%)

Rapidly Declining Export Origins (Jan 2023 - Jan 2024)

Panama ¥ -7.3B (-35.3%)

India ¥ -1.75B (-31.2%)

China ¥ -1.25B (-10.2%)

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Yearly Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Origin (2023)Australia¥ 370B

Top Import (2023)Petroleum oils, oils from bituminous minerals,...¥ 507B

In 2023 the top import origins of Shikoku were Australia (¥ 370B), Indonesia (¥ 227B), United States (¥ 187B), Saudi Arabia (¥ 177B), and China (¥ 149B).

In 2023 the top imports of Shikoku were Petroleum oils, oils from bituminous minerals,... (¥ 507B), Copper ores and concentrates (¥ 354B), Bituminous coal, not agglomerated (¥ 314B), Nickel oxide sinters, intermediate nickel products... (¥ 123B), and Natural gas, liquefied (¥ 58.8B).

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Imports Dynamics

Starting Date

Ending Date

Fastest Growing Import Origins (Jan 2023 - Jan 2024)

United States ¥ 26.3B (196%)

Canada ¥ 10.2B (321%)

Australia ¥ 10B (29.1%)

Rapidly Declining Import Origins (Jan 2023 - Jan 2024)

Philippines ¥ -7.44B (-48.4%)

Russia ¥ -6.12B (-49.6%)

Vietnam ¥ -3.71B (-54.5%)

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Economic Complexity

Economic Complexity of Shikoku

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Geomap

Treemap

Economic Complexity (2023)0.26

Shikoku ranks 6th out of the 8 regions 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. Shikoku it is in position 6th 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 Shikoku already has a comparative advantage, are led by Oxometallic or Peroxometallic Acid Salts (0.11), Disc Chemicals for Electronics (0.1), Phenols (0.1), X-Ray Equipment (0.1), and Blank Audio Media (0.1).

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Most Complex Products by PCI

The highest complexity exports of Shikoku according to the product complexity index (PCI) are Artificial Textile Machinery (2.11), Metal Pickling Preparations (1.79), Epoxides (1.67), Chemical Analysis Instruments (1.63), Organo-Sulfur Compounds (1.41), Acrylic Polymers (1.3), Other Inorganic Acids Salts (1.29), Combustion Engines (1.27), Boiler Plants (1.26), and Petroleum Resins (1.24). 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 Asphalt Mixtures (554.69), Artificial Textile Machinery (184.55), Textile Fiber Machinery (181.01), Passenger and Cargo Ships (110.66), and Organo-Sulfur Compounds (88.81).

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