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Prefecture in Chūgoku Region of Japan

2023
Economic
Complexity 0.41Rank 22 of 41
Jan 2024
Trade
Exports | Imports ¥ 5.41B | ¥ 4.58B30 of 41 | 37 of 41
Jan 2024
Country
Destination | Origin China | Indonesia ¥ 1.77B  | ¥ 1.23B

About

Overview This page contains the latest international trade data for Tottori. In January 2024 Tottori was the number 31 in total exports and the number 38 in total imports in Japan.

Exports In 2023, Japan's Tottori exported ¥ 84.5B, making it the 31st largest exporter out of the 41 exporters in Japan. In 2023 the top exports of Tottori were Dissolving Grades Chemical Woodpulp (¥ 12B), Bar/rod nes, alloy steel nes, nfw... (¥ 6.16B), Cold rolled alloy-steel, width >600mm, nes (¥ 5.34B), Parts of vacuum pumps, compressors,fans,blowers,hoods (¥ 5.22B), and Articles of iron or steel, nes (¥ 5.15B).

Imports In 2023, Japan's Tottori imported ¥ 72B, making it the 38th largest importer out of the 41 importers in Japan. In 2023 top imports of Tottori were Wood in chips, non-coniferous (¥ 22.1B), Vegetable products nes (¥ 3.68B), Wood: for fuel, sawdust and wood... (¥ 2.5B), Ferro-alloys, nes (¥ 2.36B), and Parts of cranes, work-trucks, shovels, constr... (¥ 2.31B).

Economic Complexity In 2023, the highest complexity exports of Tottori according to the product complexity index (PCI) are Hot-Rolled Stainless Steel Bars (1.8), Wrenches (1.61), Flat-Rolled Stainless Steel (1.61), Other Stainless Steel Bars (1.51), Flat Flat-Rolled Steel (1.44), Air Pumps (1.39), Liquid Pumps (1.38), Other Nickel Products (1.31), Flat-Rolled Iron (1.28), and Stainless Steel Wire (1.21). 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 Tottori exported ¥5.41B and imported ¥4.58B, resulting in a positive trade balance of ¥835M. Between January 2023 and January 2024 the exports of Tottori have increased by $249M (4.82%) from ¥5.16B to ¥5.41B, while imports decreased by ¥-1.65B (-26.5%) from ¥6.23B to ¥4.58B.

Trade In January 2024, the top exports of Tottori were Other Steel Bars (¥944M), Dissolving Grades Chemical Woodpulp (¥914M), Kaolin Coated Paper (¥707M), Flat-Rolled Iron (¥373M), and Flat-Rolled Stainless Steel (¥333M). In January 2024 the top imports of Tottori were Fuel Wood (¥1.67B), Other Vegetable Products (¥433M), Rough Wood (¥247M), Crustaceans (¥226M), and Ferroalloys (¥222M).

Destinations In January 2024, Tottori exported mostly to China (¥1.77B), South Korea (¥677M), Thailand (¥656M), India (¥347M), and Vietnam (¥328M), and imported mostly from Indonesia (¥1.23B), Vietnam (¥1.17B), China (¥894M), South Korea (¥283M), and Canada (¥247M).

Growth In January 2024, the increase in Tottori's year-by-year exports was explained primarily by an increase in exports to India (¥125M or 43.2%), China (¥98.2M or 5.61%), and France (¥44.1M or 98%), and product exports increase in Other Steel Bars (¥495M or 71.1%), Dissolving Grades Chemical Woodpulp (¥190M or 21.1%), and Kaolin Coated Paper (¥100M or 41.8%). In January 2024, the decrease in Tottori's year-by-year imports was explained primarily by an decrease in imports from China (¥-564M or -51.3%), Canada (¥-140M or -25.6%), and Philippines (¥-112M or -38.4%), and product imports decrease in Commodities not elsewhere specified (¥-549M or -99.7%), Semiconductor Devices (¥-217M or -81.1%), and Ferroalloys (¥-134M or -89%).

Latest Data

Time Scale
Flow
Color
Depth
EXPORT GROWTH (January 2023 - January 2024)¥249M(4.82%)
IMPORT GROWTH (January 2023 - January 2024)¥-1.65B(-26.5%)

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

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Historical Data

Yearly Exports

Color
Depth
Top Destination (2023)China¥ 21.3B
Top Product (2023)Dissolving Grades Chemical Woodpulp¥ 12B

In 2023 the top export destinations of Tottori were China (¥ 21.3B), South Korea (¥ 9.61B), Thailand (¥ 7.49B), India (¥ 5.84B), and Philippines (¥ 5.14B).

In 2023 the top exports of Tottori were Dissolving Grades Chemical Woodpulp (¥ 12B), Bar/rod nes, alloy steel nes, nfw... (¥ 6.16B), Cold rolled alloy-steel, width >600mm, nes (¥ 5.34B), Parts of vacuum pumps, compressors,fans,blowers,hoods (¥ 5.22B), and Articles of iron or steel, nes (¥ 5.15B).

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Exports Dynamics

Fastest Growing Exports Destination (Jan 2023 - Jan 2024)
Vietnam ¥ 220M (204%)
South Korea ¥ 143M (26.8%)
Thailand ¥ 110M (20.2%)
Rapidly Declining Export Origins (Jan 2023 - Jan 2024)
Singapore ¥ -168M (-57.8%)
United States ¥ -107M (-39.8%)
China ¥ -75.2M (-4.07%)

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Yearly Imports

Color
Depth
Top Origin (2023)Indonesia¥ 18.5B
Top Import (2023)Wood in chips, non-coniferous¥ 22.1B

In 2023 the top import origins of Tottori were Indonesia (¥ 18.5B), Vietnam (¥ 11.1B), China (¥ 10.3B), South Korea (¥ 4.51B), and Philippines (¥ 2.89B).

In 2023 the top imports of Tottori were Wood in chips, non-coniferous (¥ 22.1B), Vegetable products nes (¥ 3.68B), Wood: for fuel, sawdust and wood... (¥ 2.5B), Ferro-alloys, nes (¥ 2.36B), and Parts of cranes, work-trucks, shovels, constr... (¥ 2.31B).

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Imports Dynamics

Fastest Growing Import Origins (Jan 2023 - Jan 2024)
China ¥ 358M (66.7%)
Philippines ¥ 27.6M (15.3%)
India ¥ 7.93M (294%)
Rapidly Declining Import Origins (Jan 2023 - Jan 2024)
Vietnam ¥ -664M (-36.3%)
Thailand ¥ -532M (-82.7%)
Indonesia ¥ -350M (-22.2%)

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Economic Complexity

Economic Complexity of Tottori

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Economic Complexity (2023)0.41

Tottori ranks 22nd 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. Tottori it is in position 22nd 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 Tottori already has a comparative advantage, are led by Nickel Sheets (0.056), Nickel Powder (0.052), Interchangeable Tool Parts (0.049), Metalworking Machine Parts (0.048), and Metal Finishing Machines (0.048).

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Most Complex Products by PCI

The highest complexity exports of Tottori according to the product complexity index (PCI) are Hot-Rolled Stainless Steel Bars (1.8), Wrenches (1.61), Flat-Rolled Stainless Steel (1.61), Other Stainless Steel Bars (1.51), Flat Flat-Rolled Steel (1.44), Air Pumps (1.39), Liquid Pumps (1.38), Other Nickel Products (1.31), Flat-Rolled Iron (1.28), and Stainless Steel Wire (1.21). 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 Dissolving Grades Chemical Woodpulp (582.98), Molybdenum (446.73), Flat-Rolled Iron (300.93), Flat-Rolled Stainless Steel (246.99), and Other Steel Bars (246.79).

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