According to statistics by Japanese customs, Japan’s volume of goods trade was USD708.01 billion from January to July in 2016, down 6.0% year-on-year (the same below). Exports fell by 0.9% to USD364.92 billion, and imports fell by 10.8% to USD343.09 billion. The trade surplus was USD21.83 billion, down 232.9%.
In July, Japan's volume of goods trade fell by 4.7% to USD105.04 billion. Exports grew by 1.8% to USD54.99 billion and imports fell by 10.9% to USD50.06 billion. And the trade surplus was USD4.93 billion.
Since January to July, bilateral trade volume between China and Japan fell by 2.7% to USD151.16 billion. Japan's exports to China were USD62.83 billion, down 0.8%. It was barely changed from last year, accounting for 17.2% of Japan's overall export. And Japan's imports from China reached USD88.33 billion, down 4.0%. It accounted for 25.7% of Japan's overall imports, up 1.8% over the previous year. Japan's trade deficit with China fell by 10.9% to USD25.49 billion.
China was the second largest export market of Japan and the largest source of imports up to July in 2016.
