Overview: In February 2021 Akita exported ¥4.58B and imported ¥14B, resulting in a negative trade balance of ¥9.47B. Between February 2020 and February 2021 the exports of Akita have decreased by $-736M (-13.9%) from ¥5.31B to ¥4.58B, while imports increased by ¥748M (5.63%) from ¥13.3B to ¥14B.
Trade: In February 2021, the top exports of Akita were Raw Zinc (¥1.26B), Centrifuges (¥561M), Machinery Having Individual Functions (¥532M), Other Uncoated Paper (¥433M), and Vehicle Parts (¥355M). In February 2021 the top imports of Akita were Precious Metal Scraps (¥4.39B), Coal Briquettes (¥4.18B), Zinc Ore (¥1.58B), Fuel Wood (¥654M), and Refined Petroleum (¥521M).
Destinations: In February 2021, Akita exported mostly to China (¥1.42B), Taiwan (¥510M), United States (¥504M), Indonesia (¥469M), and Thailand (¥304M), and imported mostly from United States (¥3.94B), Indonesia (¥1.93B), Australia (¥1.62B), Russia (¥1.46B), and South Korea (¥1.16B).
Growth: In February 2021, the decrease in Akita's year-by-year exports was explained primarily by an decrease in exports to United States (¥-482M or -48.9%), South Korea (¥-394M or -79.5%), and Malaysia (¥-247M or -60.5%), and product exports decrease in Centrifuges (¥-215M or -27.7%), Scrap Iron (¥-214M or -61.9%), and Other Uncoated Paper (¥-161M or -27.1%). In February 2021, the increase in Akita's year-by-year imports was explained primarily by an increase in imports from United States (¥3.51B or 810%), Russia (¥612M or 72.2%), and South Korea (¥528M or 84.2%), and product imports increase in Precious Metal Scraps (¥2.15B or 95.7%), Refined Petroleum (¥517M or 11.6k%), and Commodities not elsewhere specified (¥192M or 886%).