Hiroshima

Prefecture in Chūgoku Region of Japan

Exports (2019): ¥ 2.24T, Rnk 8 / 41

Top Destination (2019): ¥ 491B, United States

Top Export (2019): ¥ 900B, Medium Sized Cars

Imports (2019): ¥ 1.09T, Rnk 14 / 41

Top Origin (2019): ¥ 322B, China

Top Import (2019): ¥ 147B, Iron ore, concentrate, not iron pyrites,unagglomerate

Economic Complexity (2019): 0.6, Rnk 13 / 41

Exports: In 2019, Japan's Hiroshima exported ¥ 2.24T, making it the 8th largest exporter out of the 41 exporters in Japan.

In 2019 the top exports of Hiroshima were Medium Sized Cars (¥ 900B), Cargo vessels other than tanker or... (¥ 157B), Iron or non-alloy steel: in coils,... (¥ 69.1B), Tankers (¥ 62.1B), and Medium Diesel Engine Cars (¥ 55.7B).

Imports: In 2019, Japan's Hiroshima imported ¥ 1.09T, making it the 14th largest importer out of the 41 importers in Japan.

In 2019 top imports of Hiroshima were Iron ore, concentrate, not iron pyrites,unagglomerate (¥ 147B), Bituminous coal, not agglomerated (¥ 138B), Iron ore, concentrate, not iron pyrites,... (¥ 44.6B), Natural gas, liquefied (¥ 27.9B), and Ignition/other wiring sets for vehicles/aircraft/ship (¥ 27.9B).

Economic Complexity: In 2019, the highest complexity exports of Hiroshima according to the product complexity index (PCI) are Artificial Filament Tow (1.79), Metal Finishing Machines (1.67), Metalworking Machines (1.67), Iron Fasteners (1.66), and Acrylic Polymers (1.61). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Value
Depth

Top Destination (2019): United States, ¥ 491B

Top Product (2019): Medium Sized Cars, ¥ 900B

In 2019 the top export destinations of Hiroshima were United States (¥ 491B), China (¥ 237B), Panama (¥ 129B), Thailand (¥ 110B), and South Korea (¥ 103B).

In 2019 the top exports of Hiroshima were Medium Sized Cars (¥ 900B), Cargo vessels other than tanker or... (¥ 157B), Iron or non-alloy steel: in coils,... (¥ 69.1B), Tankers (¥ 62.1B), and Medium Diesel Engine Cars (¥ 55.7B).

Export Dynamics

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Fastest Growing Exports Destination (March 2019 - March 2020)

Rapidly Declining Export Origins (March 2019 - March 2020)

Value
Depth

Top Origin (2019): China, ¥ 322B

Top Import (2019): Iron ore, concentrate, not iron pyrites,unagglomerate, ¥ 147B

In 2019 the top import origins of Hiroshima were China (¥ 322B), Australia (¥ 210B), South Korea (¥ 85.7B), Brazil (¥ 60.8B), and United States (¥ 48.1B).

In 2019 the top imports of Hiroshima were Iron ore, concentrate, not iron pyrites,unagglomerate (¥ 147B), Bituminous coal, not agglomerated (¥ 138B), Iron ore, concentrate, not iron pyrites,... (¥ 44.6B), Natural gas, liquefied (¥ 27.9B), and Ignition/other wiring sets for vehicles/aircraft/ship (¥ 27.9B).

Import Dynamics

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Fastest Growing Import Origins (March 2019 - March 2020)

Rapidly Declining Import Origins (March 2019 - March 2020)

Comparison in Time

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Flow
Value

This section shows differences between total trade from Hiroshima throughout time.

Comparison Map

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Value

The prefectures of Japan with the highest exports in 2019 were Aichi (¥ 16T), Chiba (¥ 11.5T), Osaka (¥ 9.49T), Kanagawa (¥ 8.2T), and Tokyo (¥ 6.17T)

The prefectures of Japan with the highest imports in 2019 were Chiba (¥ 17.1T), Tokyo (¥ 12.7T), Osaka (¥ 10.2T), Kanagawa (¥ 7.28T), and Aichi (¥ 7.22T)

This section shows a prediction for total exports and imports from Hiroshima. The Prediction is based in a Long Short-Term Memory Model constructed using monthly trade data.

Explore Predictions

Economic Complexity

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Economic Complexity of Japan

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Hiroshima ranks 13th out of the 41 prefectures in Japan according to ECI.

Estimated using exports data.

Economic Complexity Ranking

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Scale

The economic complexity of a territory can change year to year. Hiroshima it is in position 13th considering its ECI in the last year.

Export Opportunities by Relatedness

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The top export opportunities according to the relatedness level, without considering those products were Hiroshima already has a comparative advantage, are led by Non-Mechanical Removal Machinery (0.097), Metalworking Transfer Machines (0.095), Forging Machines (0.093), Metalworking Machine Parts (0.093), and Other Measuring Instruments (0.089).

Most Complex Products by PCI

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The highest complexity exports of Hiroshima according to the product complexity index (PCI) are Artificial Filament Tow (1.79), Metal Finishing Machines (1.67), Metalworking Machines (1.67), Iron Fasteners (1.66), and Acrylic Polymers (1.61). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

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The most specialized products according to the RCA index are led by Synthetic Filament Tow (55.2), Boiler Plants (48.3), Passenger and Cargo Ships (30), Granulated Slag (29.4), and Hot-Rolled Iron (27).

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 Hiroshima 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.

Relatedness Space

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This network shows the products most related to the production structure of  Hiroshima. These are products that tend to be co-exported with the products that Hiroshima exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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Filter
Depth

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.