Overview: In May 2021 Kanagawa exported ¥638B and imported ¥563B, resulting in a positive trade balance of ¥74.7B. Between May 2020 and May 2021 the exports of Kanagawa have increased by $234B (57.8%) from ¥404B to ¥638B, while imports increased by ¥120B (27.1%) from ¥443B to ¥563B.
Trade: In May 2021, the top exports of Kanagawa were Cars (¥62.3B), Delivery Trucks (¥50.6B), Vehicle Parts (¥32.6B), Commodities not elsewhere specified (¥21B), and Medical Instruments (¥18.5B). In May 2021 the top imports of Kanagawa were Crude Petroleum (¥58B), Petroleum Gas (¥45.8B), Refined Petroleum (¥23.3B), Raw Aluminium (¥14.5B), and Precious Metal Scraps (¥13.3B).
Destinations: In May 2021, Kanagawa exported mostly to China (¥148B), United States (¥92.1B), Taiwan (¥38.7B), South Korea (¥34.8B), and Australia (¥32.2B), and imported mostly from China (¥126B), United States (¥49.6B), Australia (¥45.7B), United Arab Emirates (¥29.6B), and Saudi Arabia (¥27.8B).
Growth: In May 2021, the increase in Kanagawa's year-by-year exports was explained primarily by an increase in exports to United States (¥50B or 119%), China (¥28.7B or 24.1%), and Australia (¥24.7B or 333%), and product exports increase in Cars (¥40.9B or 191%), Delivery Trucks (¥31.1B or 160%), and Vehicle Parts (¥20B or 159%). In May 2021, the increase in Kanagawa's year-by-year imports was explained primarily by an increase in imports from United Arab Emirates (¥22.3B or 306%), Saudi Arabia (¥16.3B or 142%), and Kuwait (¥10.7B or 478%), and product imports increase in Crude Petroleum (¥43.7B or 307%), Refined Petroleum (¥13.1B or 129%), and Precious Metal Scraps (¥11.4B or 620%).