Overview: In February 2021 Japan's Vehicle Parts exports accounted up to ¥285B and imports accounted up to ¥68.3B, resulting in a positive trade balance of ¥217B. Between February 2020 and February 2021 the exports of Japan's Vehicle Parts have decreased by ¥-4.93B (-1.7%) from ¥290B to ¥285B, while imports increased by ¥18.4B (36.8%) from ¥49.9B to ¥68.3B.
Destinations: In February 2021 Vehicle Parts exported mostly to United States (¥65.8B), China (¥52.1B), Thailand (¥23.3B), Belgium (¥18.2B), and Mexico (¥14.4B), and imported mostly from China (¥26.6B), Thailand (¥7.92B), Germany (¥5.42B), Vietnam (¥4.41B), and South Korea (¥4.22B).
Growth: In February 2021, the decrease in Vehicle Parts's year-by-year exports was explained primarily by a decrease in exports to United States (¥-7.51B or -10.3%), Indonesia (¥-3.39B or -27%), and Belgium (¥-2.47B or -11.9%). In February 2021, the increase in Vehicle Parts's year-by-year imports was explained primarily by an increase in imports from China (¥14.3B or 116%), Germany (¥1.3B or 31.5%), and Taiwan (¥624M or 47.5%).