Overview In August 2021 Miyagi exported ¥20.8B and imported ¥73.5B, resulting in a negative trade balance of ¥52.7B. Between August 2020 and August 2021 the exports of Miyagi have increased by $5.84B (39.1%) from ¥14.9B to ¥20.8B, while imports increased by ¥40.1B (120%) from ¥33.3B to ¥73.5B.
Trade In August 2021, the top exports of Miyagi were Rubber Tires (¥4.79B), Blank Audio Media (¥2.87B), Non-fillet Frozen Fish (¥1.55B), Scrap Iron (¥1.12B), and Hot-Rolled Iron Bars (¥947M). In August 2021 the top imports of Miyagi were Crude Petroleum (¥24.3B), Petroleum Gas (¥10.7B), Refined Petroleum (¥5.49B), Non-fillet Frozen Fish (¥3.55B), and Corn (¥2.19B).
Destinations In August 2021, Miyagi exported mostly to United States (¥4.74B), China (¥2.88B), South Korea (¥2.36B), Philippines (¥2.18B), and Thailand (¥1.76B), and imported mostly from Saudi Arabia (¥15.7B), United States (¥15B), China (¥10.5B), Kuwait (¥4.94B), and Malaysia (¥4.02B).
Growth In August 2021, the increase in Miyagi's year-by-year exports was explained primarily by an increase in exports to Philippines (¥2.07B or 1.9k%), China (¥1.71B or 146%), and Thailand (¥712M or 68.1%), and product exports increase in Blank Audio Media (¥2.07B or 262%), Industrial Printers (¥560M or 36.3k%), and Rubber Tires (¥549M or 12.9%). In August 2021, the increase in Miyagi's year-by-year imports was explained primarily by an increase in imports from Saudi Arabia (¥15.6B or 23.6k%), United States (¥10B or 203%), and Malaysia (¥2.91B or 262%), and product imports increase in Petroleum Gas (¥6.12B or 134%), Refined Petroleum (¥2.88B or 110%), and Non-fillet Frozen Fish (¥1.25B or 54.6%).