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japan posts trade deficit for two consecutive months

2024-09-18

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xinhua news agency, tokyo, september 18 (reporter ouyang dina zhong ya) preliminary statistics released by the japanese ministry of finance on the 18th showed that japan's trade deficit in august was 695.3 billion yen (1 us dollar is approximately 150.89 yen), marking two consecutive months of trade deficit.

data showed that in terms of imports in august, imports of pharmaceuticals, petroleum products, and computers (including peripheral equipment) increased by 43.5%, 42.1%, and 27.5% year-on-year, respectively, driving the total import value for the month to increase by 2.3% year-on-year to 9.14 trillion yen.

in terms of exports, japan's exports in august reached 8.44 trillion yen, up 5.6% year-on-year. among them, the exports of semiconductor and other manufacturing equipment, semiconductor and other electronic components, and scientific optical machines increased by 55.2%, 15.0% and 17.0% respectively, while automobile exports decreased by 9.9%, dragging down the growth rate of total exports that month.

from the perspective of countries and regions, japan's exports to asia and china achieved year-on-year growth for nine consecutive months in august, while exports to the eu fell for five consecutive months, and exports to the united states fell for the first time in 35 months.

this year, japan has experienced trade deficits in many months, with trade surpluses only in march and june. (end)