Nagoya is the largest city in the Chūbu region of Japan. It is Japan's fourth-largest incorporated city and the third most populous urban area. Located on the Pacific coast on central Honshu, it is the capital of Aichi Prefecture and is one of Japan's major ports. It is also the centre of Japan's third-largest metropolitan region, known as the Chūkyō metropolitan area, one of the 50 largest urban areas in the world. Nagoya is the centre of Greater Nagoya, which earned nearly 70 percent of Japan's 2003 trade surplus.
Nagoya's main industry is automotive. Toyota's luxury brand Lexus, Denso, Aisin Seiki Co., Toyota Industries, JTEKT and Toyota Boshoku have their headquarters in or near Nagoya. Mitsubishi Motors has an R&D division in the suburb of Okazaki. Major component suppliers such as Magna International and PPG also have a strong presence here. Spark plug maker NGK and Nippon Sharyo, known for manufacturing rolling stock including the Shinkansen are headquartered there.
The aviation history has historically been of importance since the industrialisation. The aviation tradition continues with Mitsubishi Aircraft Corporation headquartered in the Nagoya Airfield's terminal building in Komaki. The Mitsubishi Regional Jet (MRJ) aircraft is produced at a factory adjacent to the airport. The MRJ is a partnership between majority owner Mitsubishi Heavy Industries and Toyota with design assistance from Toyota affiliate Fuji Heavy Industries an aircraft manufacturer.
Japanese pottery and porcelain has a long tradition due to suitable clay being available in Owari Province. Production of industrial ceramics continues to be an important economic factor with companies such as INAX, NGK, and NGK Insulators. The Ando Cloisonné Company continues the long tradition. The confectionery company Marukawa is well known.
The city has an increasing role in the meetings, incentives, conferencing, exhibitions (MICE) industry. The city offers venues for conferences and congresses such as the Nagoya Congress Center and the Nagoya International Exhibition Hall, the Nagoya Kanko Hotel and Kawabun.
Mechanised puppets, called "karakuri ningyō", are a traditional craft from the area. Robot technology is another rapidly developing industry. A materials engineering industry is developing. Brother Industries, which is known for office electronics such as multifunction printers is based in Nagoya, as is Hoshizaki Electric, which is known for commercial ice machines and refrigeration equipment. Many small machine tool and electronics companies are also based in the area.
Retail is of importance in the city. Traditional department stores with roots in Nagoya are Matsuzakaya, Maruei and the Meitetsu Department Store. The Owari province was historically well known for the cloisonné art form.
Nagoya is rated Gamma - by the Globalization and World Cities Research Network (GaWC) which evaluates and ranks the relationships between world cities in the context of globalisation. Gamma level cities are cities that link smaller economic regions into the world economy.
Nagoya is ranked #103 by the Global Urban Competitiveness Report (GUCR) which evaluates and ranks world cities in the context of economic competitiveness. Nagoya is rated C by the Global Urban Competitiveness Report (GUCR) which evaluates and ranks world cities in the context of economic competitiveness. C cities are international gateway cities. Nagoya was ranked #968 by the Nomad List which evaluates and ranks remote work hubs by cost, internet, fun and safety. Nagoya has a population of over 2,327,557 people. Nagoya also forms part of the Greater Nagoya metropolitan area which has a population of over 9,107,414 people.