Exports in August increased for the ninth consecutive month, but growth slowed down due to a decline in exports to the United States. This resulted in a trade deficit for the second consecutive month.
Last updated on September 18, 2024, 10:08 JST (excerpt)
Export growth weakened to 5.6% increase from the previous month's 10.2% increase, with a decline in exports to the United States after 35 months.
Imports increased for the fifth consecutive month, with a 2.3% increase, resulting in a trade deficit of 695.3 billion yen.
Japan's exports increased for the ninth consecutive month in August. However, due to a decline in automobile exports to the United States after 35 months, the growth rate shrank compared to the previous month and fell below market expectations. The trade balance, which subtracts imports from exports, recorded a deficit of 695.3 billion yen for the second consecutive month of negative growth, according to the Ministry of Finance's announcement on the 18th.
Export growth weakened to 5.6% increase from the previous month's 10.2% increase, with a decline in exports to the United States after 35 months.
Imports increased for the fifth consecutive month, with a 2.3% increase, resulting in a trade deficit of 695.3 billion yen.
Japan's exports increased for the ninth consecutive month in August. However, due to a decline in automobile exports to the United States after 35 months, the growth rate shrank compared to the previous month and fell below market expectations. The trade balance, which subtracts imports from exports, recorded a deficit of 695.3 billion yen for the second consecutive month of negative growth, according to the Ministry of Finance's announcement on the 18th.
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