Japan's exports, imports continue to decline

Sep 16, 2020

Japan's exports, imports continue to decline

Tokyo (Japan), September 16: Japan's latest trade data shows the country's exports and imports continued to fall last month as the coronavirus pandemic weighed on economic activity.
Exports slid nearly 15 percent in August from a year earlier, while imports tumbled about 21 percent.
Although both figures were double-digit declines, they represent an improvement compared to July.
Exports to the United States and European Union fell by around 20 percent.
But shipments to China increased 5 percent, rising for a second straight month as the world's second largest economy recovers from the pandemic.
Imports from the US and EU fell 22 percent, while imports from China dropped 7 percent.
Japan posted a trade surplus of 248 billion yen, or approximately 2.4 billion dollars for August, marking a second straight month in the black.
Source: NHK World