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Overview This page contains the latest international trade data for Shimane. In December 2023 Shimane was the number 41 in total exports and the number 31 in total imports in Japan.

Exports In 2023, Japan's Shimane exported ¥ 5.56B, making it the 41st largest exporter out of the 41 exporters in Japan. In 2023 the top exports of Shimane were Dissolving Grades Chemical Woodpulp (¥ 1.25B), Staple fibres of viscose rayon, not... (¥ 897M), Cast articles of iron or steel,... (¥ 279M), Wood; coniferous species, other than of... (¥ 221M), and Medium Sized Cars (¥ 205M).

Imports In 2023, Japan's Shimane imported ¥ 193B, making it the 31st largest importer out of the 41 importers in Japan. In 2023 top imports of Shimane were Bituminous coal, not agglomerated (¥ 148B), Wood: for fuel, sawdust and wood... (¥ 11.9B), Coal except anthracite or bituminous, not... (¥ 2.86B), Phosphides, chemically defined or not, not... (¥ 2.75B), and Chloride oxides, hydroxides of metals except... (¥ 1.83B).

Economic Complexity In 2023, the highest complexity exports of Shimane according to the product complexity index (PCI) are Electrical Capacitors (1.02), Cars (0.96), Harvesting Machinery (0.87), Artificial Filament Tow (0.81), Unprocessed Artificial Staple Fibers (0.39), Other Cast Iron Products (0.39), Granulated Slag (0.077), Dissolving Grades Chemical Woodpulp (0.01), Animal or Vegetable Fertilizers (-0.9), and Sawn Wood (-1.01). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Historical Data

Yearly Exports

Color
Depth
Top Destination (2023)China¥ 2.53B
Top Product (2023)Dissolving Grades Chemical Woodpulp¥ 1.25B

In 2023 the top export destinations of Shimane were China (¥ 2.53B), South Korea (¥ 492M), Russia (¥ 328M), Vietnam (¥ 149M), and Malaysia (¥ 42.1M).

In 2023 the top exports of Shimane were Dissolving Grades Chemical Woodpulp (¥ 1.25B), Staple fibres of viscose rayon, not... (¥ 897M), Cast articles of iron or steel,... (¥ 279M), Wood; coniferous species, other than of... (¥ 221M), and Medium Sized Cars (¥ 205M).

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Yearly Imports

Color
Depth
Top Origin (2023)Australia¥ 85.9B
Top Import (2023)Bituminous coal, not agglomerated¥ 148B

In 2023 the top import origins of Shimane were Australia (¥ 85.9B), Indonesia (¥ 34B), United States (¥ 16.7B), Canada (¥ 13.7B), and South Africa (¥ 11.1B).

In 2023 the top imports of Shimane were Bituminous coal, not agglomerated (¥ 148B), Wood: for fuel, sawdust and wood... (¥ 11.9B), Coal except anthracite or bituminous, not... (¥ 2.86B), Phosphides, chemically defined or not, not... (¥ 2.75B), and Chloride oxides, hydroxides of metals except... (¥ 1.83B).

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Economic Complexity

Economic Complexity of Shimane

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Economic Complexity (2023)-0.029

Shimane ranks 34th 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

The economic complexity of a territory can change year to year. Shimane it is in position 34th 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 Shimane already has a comparative advantage, are led by Large Construction Vehicles (0.013), Non-woven Textiles (0.012), Air Pumps (0.012), Delivery Trucks (0.011), and Other toys (0.011).

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Most Complex Products by PCI

The highest complexity exports of Shimane according to the product complexity index (PCI) are Electrical Capacitors (1.02), Cars (0.96), Harvesting Machinery (0.87), Artificial Filament Tow (0.81), Unprocessed Artificial Staple Fibers (0.39), Other Cast Iron Products (0.39), Granulated Slag (0.077), Dissolving Grades Chemical Woodpulp (0.01), Animal or Vegetable Fertilizers (-0.9), and Sawn Wood (-1.01). 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 Unprocessed Artificial Staple Fibers (1541.16), Dissolving Grades Chemical Woodpulp (1284.51), Other Cast Iron Products (216.31), Granulated Slag (187.59), and Rough Wood (27.84).

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Product Space

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

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.

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