Overview: In February 2021 Hokkaido exported ¥15.8B and imported ¥92.2B, resulting in a negative trade balance of ¥76.4B. Between February 2020 and February 2021 the exports of Hokkaido have decreased by $-9.16B (-36.7%) from ¥24.9B to ¥15.8B, while imports decreased by ¥-2.27B (-2.4%) from ¥94.5B to ¥92.2B.
Trade: In February 2021, the top exports of Hokkaido were Vehicle Parts (¥1.84B), Molluscs (¥1.3B), Scrap Iron (¥1.18B), Steel Bars (¥1.07B), and Other Steel Bars (¥635M). In February 2021 the top imports of Hokkaido were Crude Petroleum (¥30.2B), Refined Petroleum (¥10.1B), Commodities not elsewhere specified (¥6.17B), Petroleum Gas (¥4.31B), and Coal Briquettes (¥4.1B).
Destinations: In February 2021, Hokkaido exported mostly to China (¥2.56B), Thailand (¥2.08B), United States (¥2.04B), South Korea (¥1.77B), and Vietnam (¥1.59B), and imported mostly from South Korea (¥13.8B), Saudi Arabia (¥11.7B), Qatar (¥8.68B), China (¥8B), and United States (¥7.17B).
Growth: In February 2021, the decrease in Hokkaido's year-by-year exports was explained primarily by an decrease in exports to Saudi Arabia (¥-2.37B or -99.8%), Malaysia (¥-2.28B or -86.1%), and South Korea (¥-1.65B or -48.2%), and product exports decrease in Refined Petroleum (¥-2.05B or -92.7%), Vehicle Parts (¥-726M or -28.3%), and Processed Crustaceans (¥-618M or -63.4%). In February 2021, the decrease in Hokkaido's year-by-year imports was explained primarily by an decrease in imports from Australia (¥-7.76B or -68.8%), Brazil (¥-4.57B or -88%), and United Arab Emirates (¥-4.53B or -53.7%), and product imports decrease in Commodities not elsewhere specified (¥-3.84B or -38.4%), Coal Briquettes (¥-2.76B or -40.3%), and Petroleum Gas (¥-2.39B or -35.6%).