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 (Â¥1.84B), Molluscs (Â¥1.3B), Scrap Iron (Â¥1.18B), Steel Bars (Â¥1.07B), and Other Steel Bars (Â¥635M). In February 2021 the top imports of Hokkaido were Crude Petroleum (Â¥30.2B), Refined Petroleum (Â¥10.1B), Commodities not elsewhere specified (Â¥6.17B), Petroleum Gas (Â¥4.31B), and Coal Briquettes (Â¥4.1B).
Destinations: In February 2021, Hokkaido exported mostly to China (Â¥2.56B), Thailand (Â¥2.08B), United States (Â¥2.04B), South Korea (Â¥1.77B), and Vietnam (Â¥1.59B), and imported mostly from South Korea (Â¥13.8B), Saudi Arabia (Â¥11.7B), Qatar (Â¥8.68B), China (Â¥8B), and United States (Â¥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 (Â¥-2.37B or -99.8%), Malaysia (Â¥-2.28B or -86.1%), and South Korea (Â¥-1.65B or -48.2%), and product exports decrease in Refined Petroleum (Â¥-2.05B or -92.7%), Vehicle Parts (Â¥-726M or -28.3%), and Processed Crustaceans (Â¥-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 (Â¥-7.76B or -68.8%), Brazil (Â¥-4.57B or -88%), and United Arab Emirates (Â¥-4.53B or -53.7%), and product imports decrease in Commodities not elsewhere specified (Â¥-3.84B or -38.4%), Coal Briquettes (Â¥-2.76B or -40.3%), and Petroleum Gas (Â¥-2.39B or -35.6%).