Overview: In May 2021 Japan's Cars exports accounted up to ¥654B and imports accounted up to ¥142B, resulting in a positive trade balance of ¥512B. Between May 2020 and May 2021 the exports of Japan's Cars have increased by ¥379B (138%) from ¥274B to ¥654B, while imports increased by ¥71.1B (100%) from ¥70.8B to ¥142B.
Destinations: In May 2021, Cars were exported mostly to United States (¥229B), China (¥69B), Australia (¥54.9B), Canada (¥42.1B), and Taiwan (¥19.5B), and were imported mostly from Germany (¥54.6B), United States (¥14.3B), Austria (¥8.8B), United Kingdom (¥8.17B), and Italy (¥7.59B).
Growth: In May 2021, the increase in Cars's year-by-year exports was explained primarily by an increase in exports to United States (¥164B or 251%), Australia (¥39.8B or 263%), and Canada (¥33.3B or 374%). In May 2021, the increase in Cars's year-by-year imports was explained primarily by an increase in imports from Germany (¥21.6B or 65.2%), United States (¥10.4B or 270%), and Austria (¥4.77B or 118%).