Overview: In February 2021 Okayama exported ¥63.6B and imported ¥113B, resulting in a negative trade balance of ¥49.7B. Between February 2020 and February 2021 the exports of Okayama have decreased by $-22.6B (-26.2%) from ¥86.1B to ¥63.6B, while imports decreased by ¥-19.3B (-14.6%) from ¥133B to ¥113B.
Trade: In February 2021, the top exports of Okayama were Cars (¥15B), Refined Copper (¥6.18B), Flat Flat-Rolled Steel (¥5.43B), Refined Petroleum (¥4.76B), and Passenger and Cargo Ships (¥3.35B). In February 2021 the top imports of Okayama were Crude Petroleum (¥27B), Copper Ore (¥25.6B), Refined Petroleum (¥8.33B), Iron Ore (¥7.73B), and Precious Metal Scraps (¥6.9B).
Destinations: In February 2021, Okayama exported mostly to China (¥12.1B), United States (¥10.9B), South Korea (¥7.64B), Taiwan (¥4.85B), and Panama (¥3.35B), and imported mostly from Australia (¥20B), Saudi Arabia (¥15.6B), Chile (¥14.9B), United States (¥13.2B), and Kuwait (¥12B).
Growth: In February 2021, the decrease in Okayama's year-by-year exports was explained primarily by an decrease in exports to South Korea (¥-6.77B or -47%), China (¥-3.84B or -24.1%), and Australia (¥-3B or -49.6%), and product exports decrease in Refined Petroleum (¥-7.64B or -61.6%), Hot-Rolled Iron (¥-4.46B or -58%), and Cyclic Hydrocarbons (¥-3.7B or -56.9%). In February 2021, the decrease in Okayama's year-by-year imports was explained primarily by an decrease in imports from Chile (¥-16.5B or -52.6%), United Arab Emirates (¥-7.52B or -100%), and Saudi Arabia (¥-5.93B or -27.6%), and product imports decrease in Copper Ore (¥-17.1B or -40%), Crude Petroleum (¥-4.57B or -14.4%), and Iron Ore (¥-2.46B or -24.2%).