Abhijit Chakraborty *, Hiroyasu Inoue, Y oshi F ujiwara. In the past, the trade between nations was a much simpler matter to grasp. machine learning . Overview: In 2018 Japan was the number 3 economy in the world in terms of GDP (current US$), the number 4 in total exports, the number 5 in total imports, and the number 1 most complex economy according to the Economic Complexity Index (ECI).In 2018, Japan exported $713B and imported $653B, resulting in a positive trade balance of $59.2B. , "technology" The Observatory of Economic Complexity (OEC) is the world's leading data visualization tool for international trade data. To explore different rankings and vary these parameters visit the custom rankings section.This section shows exports, imports and economic complexity data at subnational level for Japan. However, we observe economic activities are clustered in space, which results in a disparity in income per capita among different regions. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions. This list orders countries by their economic complexity index (ECI), as it was defined and … , "smart cities" Japan has been a powerhouse of economic complexity as it has clinched the top spot since the ranking began in 1997. Although there have been extensive studies on countries' economic complexity using international export data, studies on economic complexity at the regional level are lacking. Click any of the Prefecture in the geomap to visit the specific subnational profile.The highest complexity exports of Japan according to the product complexity index (PCI) are The top export opportunities for Japan according to the relatedness index, are The product space is a network connecting products that are likely to be co-exported. This list orders countries by their economic complexity index (ECI), as it was defined and calculated by Cesar A. Hidalgo and Ricardo Hausmann.The ECI was calculated with trade data from the UN Comtrade, the United Nations International Trade Statistics Database, and so the information is only based on exports, not goods produced. The economic complexity model [13, 14], originally introduced by Harvard University, has found applications in profiling the competences of economies at the country level. Commodities and a few finished goods moved between a handful of countries in a straightforward way.
The top services exported by Japan in 2018 were Royalties and license fees ($45.5B), Other business services ($42.1B), Personal travel ($38.6B), Transportation ($28.9B), and Financial services ($11.5B).The top services imported by Japan in 2018 were Other business services ($68B), Transportation ($38.4B), Royalties and license fees ($21.7B), Personal travel ($16.8B), and Computer and information services ($15.8B).This section shows forecasts for total product exports and imports for Japan.
Relatedness measures the distance between a product, and all of the products it is currently specialized in.The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. When we dig deeper into the export data of both countries, we can deduce that the differences were mainly in the composition of their relative export baskets. Its economic … A higher ECI score is indicative of higher economic complexity. ]artificial intelligence . The Economic Complexity Index (ECI) is a measure of economic capacity that is predictive of income, economic growth, income inequality & greehouse gas emissions. The list is incomplete and only includes the top 25 out of 133 countries.
The Economic Complexity Index (ECI) and the Product Complexity Index (PCI) are, respectively, measures of the relative knowledge intensity of an economy or a product.ECI and PCI values are estimated directly from matrices summarizing the geography of economic activity, and can be calculated on demand.Formally, the complexity of location (ECI) is a function of the complexity of the activities present in it.
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economic complexity japan