Japan’s exports climbed 6 per cent in November from a year earlier, with shipments to the United States rising for the first time since March as uncertainties over tariffs abated following a trade deal with the Trump administration.
The preliminary data released Wednesday showed Japan’s total imports rose 1.3 per cent last month over a year earlier, leaving a surplus of 322.2 billion yen (about USD 2.1 billion).
Exports to the US rose nearly 9 per cent from the year before as shipments of cars, chemicals and cameras helped make up for declines in machinery and iron and steel. Imports of US oil nearly tripled, along with sharp increases in imports of grain and other food products.
Japan’s deal on tariffs with President Donald Trump’s administration, setting the baseline import duty for most products at 15 per cent instead of the earlier plan for a 25 per cent tariff, helped boost passenger car shipments by 8 per cent when measured by the number of vehicles. But the value of those car​Japan’s exports climbed 6 per cent in November from a year earlier, with shipments to the United States rising for the first time since March as uncertainties over tariffs abated following a trade deal with the Trump administration.
The preliminary data released Wednesday showed Japan’s total imports rose 1.3 per cent last month over a year earlier, leaving a surplus of 322.2 billion yen (about USD 2.1 billion).
Exports to the US rose nearly 9 per cent from the year before as shipments of cars, chemicals and cameras helped make up for declines in machinery and iron and steel. Imports of US oil nearly tripled, along with sharp increases in imports of grain and other food products.
Japan’s deal on tariffs with President Donald Trump’s administration, setting the baseline import duty for most products at 15 per cent instead of the earlier plan for a 25 per cent tariff, helped boost passenger car shipments by 8 per cent when measured by the number of vehicles. But the value of those car ​Latest News [ SOBAN NEWS: International and National ]
