Trade Resources Industry Views Japan Car Exports Declined Much in the First Half of February

Japan Car Exports Declined Much in the First Half of February

According to Kyodo News, the trade statistics released by the Japanese Ministry of Finance on the 27th (in clearance date) data showed, in early February (Feb.1-Feb.10), Japan’s trade balance deficit was 395.1 billion yen (about 27 billion yuan). It was the 8th continuous month that has trade deficit. In the same period of 2012, it was a surplus of 5.2 billion yen.

The export was 1,610.8 million yen, a year-on-year decline of 13.5%. Exports of products such as automotive and semiconductor decreased much. Imports amounted to 2,006 billion yen, a year-on-year growth of 8.0%. Imports of clothing and mobile phones increased.

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