Overview: In February 2021 Chūgoku exported ¥396B and imported ¥280B, resulting in a positive trade balance of ¥116B. Between February 2020 and February 2021 the exports of Chūgoku have decreased by $-26.3B (-6.22%) from ¥422B to ¥396B, while imports decreased by ¥-231M (-0.082%) from ¥280B to ¥280B.
Trade: In February 2021, the top exports of Chūgoku were Cars (¥131B), Passenger and Cargo Ships (¥32.5B), Machines and apparatus of a kind... (¥31.4B), Hot-Rolled Iron (¥18.4B), and Flat Flat-Rolled Steel (¥13.2B). In February 2021 the top imports of Chūgoku were Crude Petroleum (¥45.2B), Coal Briquettes (¥30.1B), Copper Ore (¥25.6B), Refined Petroleum (¥22.9B), and Iron Ore (¥21.7B).
Destinations: In February 2021, Chūgoku exported mostly to United States (¥64.1B), South Korea (¥62.1B), China (¥51.4B), Australia (¥27.9B), and Taiwan (¥22.7B), and imported mostly from Australia (¥57B), China (¥41.5B), Saudi Arabia (¥29.5B), United States (¥17.9B), and South Korea (¥17.9B).
Growth: In February 2021, the decrease in Chūgoku's year-by-year exports was explained primarily by an decrease in exports to United States (¥-7.53B or -10.5%), South Korea (¥-5.79B or -8.52%), and India (¥-4.41B or -45.4%), and product exports decrease in Cars (¥-8.46B or -6.05%), Hot-Rolled Iron (¥-7.14B or -28%), and Refined Petroleum (¥-6.27B or -45.4%). In February 2021, the decrease in Chūgoku's year-by-year imports was explained primarily by an decrease in imports from Chile (¥-16.9B or -53%), Saudi Arabia (¥-7.65B or -20.6%), and South Korea (¥-7.12B or -28.5%), and product imports decrease in Copper Ore (¥-17.1B or -40%), Crude Petroleum (¥-8.7B or -16.1%), and Precious Metal Scraps (¥-2.17B or -22.7%).