Shizuoka | The Observatory of Economic Complexity

Shizuoka

Prefecture in Chūbu Region of Japan

2023
Economic
Complexity 0.83Rank 5 of 41

Jan 2024
Trade
Exports | Imports ¥ 188B | ¥ 148B9 of 41 | 14 of 41

Jan 2024
Country
Destination | Origin United States | United States ¥ 40.2B | ¥ 40.2B

Image 1

Image by Daria Focht
Link: https://flic.kr/p/2hj7eRU

Latest Trends
Historical Data
Economic Complexity

About

Overview This page contains the latest international trade data for Shizuoka. In January 2024 Shizuoka was the number 9 in total exports and the number 17 in total imports in Japan.

Exports In 2023, Japan's Shizuoka exported ¥ 2.59T, making it the 9th largest exporter out of the 41 exporters in Japan. In 2023 the top exports of Shizuoka were Outboard motors, spark-ignition (¥ 257B), Small Sized Cars (¥ 180B), Transmissions for motor vehicles (¥ 167B), Commodities not specified according to kind (¥ 113B), and Motorcycles, Spark ignition 500-800 cc (¥ 93.7B).

Imports In 2023, Japan's Shizuoka imported ¥ 1.52T, making it the 17th largest importer out of the 41 importers in Japan. In 2023 top imports of Shizuoka were Natural gas, liquefied (¥ 115B), Fish fillets: frozen, tunas (of the... (¥ 71.2B), Other games: video game consoles and... (¥ 69.8B), Ignition/other wiring sets for vehicles/aircraft/ship (¥ 37.2B), and Tuna, skipjack, bonito, prepared/preserved, not mince (¥ 35.9B).

Economic Complexity In 2023, the highest complexity exports of Shizuoka according to the product complexity index (PCI) are Photographic Chemicals (2.17), Precious Metal Compounds (2.07), Photographic Film (2.06), Metalworking Transfer Machines (2.04), Machinery Having Individual Functions (1.93), Oscilloscopes (1.81), Iron Fasteners (1.79), Metal Lathes (1.78), Interchangeable Tool Parts (1.76), and Hand Saws (1.72). 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 Shizuoka exported ¥188B and imported ¥148B, resulting in a positive trade balance of ¥40.1B. Between January 2023 and January 2024 the exports of Shizuoka have increased by $9B (5.02%) from ¥179B to ¥188B, while imports increased by ¥11.5B (8.45%) from ¥137B to ¥148B.

Trade In January 2024, the top exports of Shizuoka were Spark-Ignition Engines (¥18.8B), Cars (¥18.1B), Motorcycles and cycles (¥17.1B), Motor vehicles; parts and accessories (8701... (¥17B), and Commodities not elsewhere specified (¥7.86B). In January 2024 the top imports of Shizuoka were Planes, Helicopters, and/or Spacecraft (¥33.4B), Petroleum Gas (¥12.6B), Fish Fillets (¥5.47B), Insulated Wire (¥5.25B), and Non-fillet Frozen Fish (¥4.88B).

Destinations In January 2024, Shizuoka exported mostly to United States (¥40.2B), China (¥19.1B), Germany (¥10.4B), India (¥8.81B), and Italy (¥8.62B), and imported mostly from United States (¥40.2B), China (¥28.5B), Malaysia (¥14.2B), Thailand (¥11.6B), and Vietnam (¥10.1B).

Growth In January 2024, the increase in Shizuoka's year-by-year exports was explained primarily by an increase in exports to United States (¥8.42B or 22.4%), Italy (¥3.06B or 91.4%), and United Kingdom (¥2.94B or 55%), and product exports increase in Cars (¥7.1B or 89.2%), Spark-Ignition Engines (¥5.26B or 28.6%), and Motorcycles and cycles (¥2.75B or 22%). In January 2024, the increase in Shizuoka's year-by-year imports was explained primarily by an increase in imports from China (¥15.8B or 57.5%), Malaysia (¥13.7B or 886%), and Canada (¥3.47B or 377%), and product imports increase in Video and Card Games (¥14.5B or 524%), Fish Fillets (¥2.93B or 70.5%), and Rapeseed (¥2.19B or 1.39k%).

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)¥9B(5.02%)

IMPORT GROWTH (January 2023 - January 2024)¥11.5B(8.45%)

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

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Historical Data

Yearly Exports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Destination (2023)United States¥ 654B

Top Product (2023)Outboard motors, spark-ignition¥ 257B

In 2023 the top export destinations of Shizuoka were United States (¥ 654B), China (¥ 310B), Germany (¥ 133B), Thailand (¥ 125B), and United Kingdom (¥ 100B).

In 2023 the top exports of Shizuoka were Outboard motors, spark-ignition (¥ 257B), Small Sized Cars (¥ 180B), Transmissions for motor vehicles (¥ 167B), Commodities not specified according to kind (¥ 113B), and Motorcycles, Spark ignition 500-800 cc (¥ 93.7B).

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Exports Dynamics

Starting Date

Ending Date

Fastest Growing Exports Destination (Jan 2023 - Jan 2024)

China ¥ 5.72B (42.7%)

India ¥ 4.05B (85%)

Italy ¥ 2.21B (34.4%)

Rapidly Declining Export Origins (Jan 2023 - Jan 2024)

United States ¥ -5.82B (-12.7%)

Thailand ¥ -1.81B (-19.3%)

South Korea ¥ -1.67B (-24.2%)

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Yearly Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Origin (2023)China¥ 364B

Top Import (2023)Natural gas, liquefied¥ 115B

In 2023 the top import origins of Shizuoka were China (¥ 364B), United States (¥ 148B), Thailand (¥ 139B), Vietnam (¥ 92.8B), and Taiwan (¥ 82.7B).

In 2023 the top imports of Shizuoka were Natural gas, liquefied (¥ 115B), Fish fillets: frozen, tunas (of the... (¥ 71.2B), Other games: video game consoles and... (¥ 69.8B), Ignition/other wiring sets for vehicles/aircraft/ship (¥ 37.2B), and Tuna, skipjack, bonito, prepared/preserved, not mince (¥ 35.9B).

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Imports Dynamics

Starting Date

Ending Date

Fastest Growing Import Origins (Jan 2023 - Jan 2024)

United States ¥ 31.4B (354%)

Vietnam ¥ 1.3B (14.8%)

Indonesia ¥ 1.25B (25.6%)

Rapidly Declining Import Origins (Jan 2023 - Jan 2024)

China ¥ -14.7B (-34%)

Canada ¥ -2.18B (-49.6%)

Spain ¥ -2.1B (-68%)

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Economic Complexity

Economic Complexity of Shizuoka

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Geomap

Treemap

Economic Complexity (2023)0.83

Shizuoka ranks 5th 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. Shizuoka it is in position 5th 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 Shizuoka already has a comparative advantage, are led by Developed Exposed Photographic Material (0.22), Metalworking Machines (0.2), Blank Audio Media (0.2), Metal Pickling Preparations (0.19), and Epoxides (0.19).

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Most Complex Products by PCI

The highest complexity exports of Shizuoka according to the product complexity index (PCI) are Photographic Chemicals (2.17), Precious Metal Compounds (2.07), Photographic Film (2.06), Metalworking Transfer Machines (2.04), Machinery Having Individual Functions (1.93), Oscilloscopes (1.81), Iron Fasteners (1.79), Metal Lathes (1.78), Interchangeable Tool Parts (1.76), and Hand Saws (1.72). 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 Pianos (228.03), Wind Instruments (152.50), Photographic Film (80.89), Spark-Ignition Engines (55.90), and Metal Insulating Fittings (54.34).

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