Japan – Jun External Trade
21/07/2021 10:57 am MYT
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In Jun, Japan’s exports surged by 48.6% year-on-year to 7.22 trillion Yen. On the other hand, imports jumped by 32.7% to 6.84 trillion Yen, giving rise to a trade surplus of 383.18 bln Yen (figure 1). The strong performance in exports was mainly due to a low base effect. When compared with Jun 2019, exports rose by 9.65%. On the other hand, import growth was broad-based, led by mineral fuels.

 

As Japan’s major trading partners have made good progress in their vaccination programmes, Japan’s exports are expected to benefit in the months ahead (table 1). However, being an import-dependent country for raw materials, rising commodity prices would push up Japan’s imports as well.

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