Overview: In February 2021 Iwate exported ¥1.87B and imported ¥1.83B, resulting in a positive trade balance of ¥37.7M. Between February 2020 and February 2021 the exports of Iwate have increased by $533M (39.9%) from ¥1.33B to ¥1.87B, while imports increased by ¥336M (22.4%) from ¥1.49B to ¥1.83B.
Trade: In February 2021, the top exports of Iwate were Centrifuges (¥848M), Cellulose Fibers Paper (¥320M), Semiconductor Devices (¥201M), Hot-Rolled Iron Bars (¥161M), and Steel Bars (¥73.8M). In February 2021 the top imports of Iwate were Corn (¥624M), Other Vegetable Residues (¥601M), Coal Briquettes (¥120M), Commodities not elsewhere specified (¥110M), and Lignite (¥55.5M).
Destinations: In February 2021, Iwate exported mostly to United States (¥950M), China (¥288M), Belgium (¥169M), Germany (¥111M), and France (¥86.3M), and imported mostly from Indonesia (¥605M), United States (¥587M), Russia (¥282M), China (¥126M), and Brazil (¥71.1M).
Growth: In February 2021, the increase in Iwate's year-by-year exports was explained primarily by an increase in exports to United States (¥439M or 85.9%), China (¥119M or 70.6%), and Germany (¥110M or 8.04k%), and product exports increase in Centrifuges (¥549M or 183%), Hot-Rolled Iron Bars (¥126M or 364%), and Steel Bars (¥72.4M or 5.37k%). In February 2021, the increase in Iwate's year-by-year imports was explained primarily by an increase in imports from United States (¥571M or 3.51k%), Indonesia (¥123M or 25.6%), and Russia (¥101M or 55.9%), and product imports increase in Corn (¥395M or 172%), Commodities not elsewhere specified (¥95.7M or 673%), and Other Vegetable Residues (¥78.3M or 15%).