Japan’s Exports Rise While Imports Decline in September

         

Summary: Japan’s exports rose by 4.3% in September, driven by increased shipments of vehicles, machinery, and electronics. Meanwhile, imports fell by 16.3%, primarily due to a sharp decline in oil and gas imports. This resulted in a trade surplus of 62.4 trillion yen, the first monthly surplus in three months.

According to the government’s provisional customs data, Japan’s exports in September reached 9.2 trillion yen, exceeding analysts’ expectations and marking the largest gain since March. This signals strong activity in the country’s manufacturing sector despite weakening global demand. On the other hand, imports fell to 10.9 trillion yen, attributed to base effects from the previous year. In the first half of the fiscal year, Japan’s exports edged up by 1.4%, reaching a record 50.2 trillion yen, while the trade deficit decreased by three-quarters to 2.7 trillion yen. Exports to China were affected by a decline in computer chip and semiconductor equipment shipments. However, shipments to the United States and Europe increased, primarily due to robust auto sales, with a 24% jump in exports of autos and auto parts.

Tags: Japan, exports, imports, trade surplus, manufacturing sector, global demand, autos, auto parts

Share: