Japan’s exports fall 4.2% in Nov as auto and steel shipments decline
Time:Thu, 02 Jan 2025 09:12:02 +0800
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Japan recorded a trade surplus of ¥366.8 billion in November, marking the fifth consecutive month of surplus, according to preliminary data released by the Ministry of Finance. However, exports dropped 4.2% year-on-year to ¥6.11 trillion, reflecting declines in shipments of mineral fuels, automobiles, and steel.
Imports fell by a steeper 11.1% to ¥5.75 trillion, driven by lower volumes of crude oil, liquefied natural gas (LNG), and coal, contributing to the surplus.
During the period, exports to China rose 3.8% year-on-year to ¥1.36 trillion, continuing five consecutive months of growth, despite declines in semiconductor components (down 17.0%) and chemical materials (down 28.3%).
Japan’s export performance continues to face challenges amid global economic uncertainties and weakening demand, particularly following the sharp rebound from pandemic-induced lows.
