Overview: In February 2021 Ibaraki exported ¥77.6B and imported ¥97.4B, resulting in a negative trade balance of ¥19.8B. Between February 2020 and February 2021 the exports of Ibaraki have decreased by $-41.7B (-34.9%) from ¥119B to ¥77.6B, while imports decreased by ¥-7.07B (-6.76%) from ¥105B to ¥97.4B.
Trade: In February 2021, the top exports of Ibaraki were Cars (¥21.5B), Large Construction Vehicles (¥8.15B), Delivery Trucks (¥6.02B), Hot-Rolled Iron (¥5.04B), and Excavation Machinery (¥3.76B). In February 2021 the top imports of Ibaraki were Crude Petroleum (¥24.3B), Iron Ore (¥15.3B), Coal Briquettes (¥12.9B), Refined Petroleum (¥6.39B), and Petroleum Gas (¥5.86B).
Destinations: In February 2021, Ibaraki exported mostly to United States (¥28.6B), South Korea (¥6.87B), China (¥6.58B), India (¥4.2B), and Australia (¥3.77B), and imported mostly from Australia (¥19.9B), United States (¥13.5B), Saudi Arabia (¥11.2B), Qatar (¥8.5B), and China (¥6.15B).
Growth: In February 2021, the decrease in Ibaraki's year-by-year exports was explained primarily by an decrease in exports to United States (¥-30B or -51.2%), China (¥-2.6B or -28.3%), and Malaysia (¥-2.2B or -83.5%), and product exports decrease in Cars (¥-28.9B or -57.3%), Cyclic Hydrocarbons (¥-3.91B or -58.3%), and Refined Petroleum (¥-3.54B or -51.3%). In February 2021, the decrease in Ibaraki's year-by-year imports was explained primarily by an decrease in imports from United Arab Emirates (¥-4.04B or -52.9%), Kuwait (¥-3.89B or -47.6%), and Russia (¥-3.69B or -52.7%), and product imports decrease in Crude Petroleum (¥-6.97B or -22.3%), Cars (¥-4.73B or -49.5%), and Coal Briquettes (¥-3.55B or -21.5%).