Japan’s exports rose in November supported by a recovery in shipments to the United States
Japan’s exports rose by 6% last November, compared to the same period last year, driven by the return of shipments from the United States to the growth path for the first time since March, as they declined in light of the uncertainty related to customs duties, following a trade agreement with the administration of US President Donald Trump.
The Associated Press reported that preliminary data issued today, Wednesday, showed that Japan’s total imports rose by 1.3% on an annual basis. In November, resulting in a trade surplus of 322.2 billion yen (about 2.1 billion dollars).
Japanese exports to the United States recorded an increase of nearly 9% compared to the previous year, supported by a rise in shipments of cars, chemicals, and cameras, which offset the decline in exports of machinery, iron, and steel.
On the other hand, they jumped US oil imports nearly tripled, along with sharp increases in imports of grains and other food products. Vehicles.
The total value of exports of cars, trucks, and buses rose by only 1.5%, reflecting the reluctance of automakers to pass on the costs of higher tariffs to consumers.
Japanese imports from the United States rose by more than 7%, and despite this, Japan recorded a trade surplus with the United States of 739.8%. One billion yen (about $4.7 billion), an increase of 11% over the previous year.
At the same time, Japan’s exports to the European Union jumped by about 20% year-on-year, supported by rising demand for machinery, vehicles and other manufactured goods.
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