Overview: In February 2021 Miyagi exported ¥15.8B and imported ¥51.6B, resulting in a negative trade balance of ¥35.8B. Between February 2020 and February 2021 the exports of Miyagi have decreased by $-4.34B (-21.5%) from ¥20.1B to ¥15.8B, while imports decreased by ¥-8.5B (-14.1%) from ¥60.1B to ¥51.6B.
Trade: In February 2021, the top exports of Miyagi were Rubber Tires (¥4.13B), Engine Parts (¥1.04B), Scrap Iron (¥1.04B), Non-fillet Frozen Fish (¥973M), and Blank Audio Media (¥792M). In February 2021 the top imports of Miyagi were Petroleum Gas (¥13.7B), Crude Petroleum (¥12.1B), Refined Petroleum (¥1.88B), Corn (¥1.73B), and Non-fillet Frozen Fish (¥1.46B).
Destinations: In February 2021, Miyagi exported mostly to United States (¥4.03B), South Korea (¥2.35B), China (¥2.12B), Thailand (¥1.09B), and Taiwan (¥1.08B), and imported mostly from Saudi Arabia (¥12.1B), United States (¥6.79B), China (¥6.58B), Qatar (¥5.57B), and Canada (¥2.39B).
Growth: In February 2021, the decrease in Miyagi's year-by-year exports was explained primarily by an decrease in exports to South Korea (¥-1.85B or -44%), Thailand (¥-1.37B or -55.8%), and United States (¥-1.09B or -21.3%), and product exports decrease in Refined Petroleum (¥-1.31B or -100%), Acyclic Hydrocarbons (¥-521M or -100%), and Rubber Tires (¥-365M or -8.13%). In February 2021, the decrease in Miyagi's year-by-year imports was explained primarily by an decrease in imports from Kuwait (¥-11.2B or -85.3%), Malaysia (¥-5.31B or -71.9%), and Thailand (¥-1.29B or -51.1%), and product imports decrease in Crude Petroleum (¥-14.5B or -54.6%), Semiconductor Devices (¥-1.08B or -69.7%), and Insulated Wire (¥-641M or -47.7%).