Overview: In May 2021 Japan's Vehicle Parts exports accounted up to ¥275B and imports accounted up to ¥59.3B, resulting in a positive trade balance of ¥216B. Between May 2020 and May 2021 the exports of Japan's Vehicle Parts have increased by ¥161B (141%) from ¥114B to ¥275B, while imports increased by ¥21.5B (56.9%) from ¥37.8B to ¥59.3B.
Destinations: In May 2021, Vehicle Parts were exported mostly to United States (¥68.8B), China (¥54.6B), Thailand (¥20.3B), Belgium (¥16.1B), and Mexico (¥12.2B), and were imported mostly from China (¥22.1B), Thailand (¥6.84B), Germany (¥4.32B), United States (¥3.61B), and Vietnam (¥3.44B).
Growth: In May 2021, the increase in Vehicle Parts's year-by-year exports was explained primarily by an increase in exports to United States (¥51.3B or 293%), Belgium (¥13.9B or 641%), and Indonesia (¥10B or 575%). In May 2021, the increase in Vehicle Parts's year-by-year imports was explained primarily by an increase in imports from China (¥9.84B or 80.5%), Thailand (¥2.28B or 50%), and Mexico (¥1.4B or 101%).