Japan's exports rise by 13.4% in July

Chemicals exports led growth with 14.9% rate.

Japan exports grew 13.4% YoY in July up from 9.7% in June, recording the country's seventh month of expansion.

According to UOB, imports growth also climbed by 16.3% and marked 7th month of expansion as well.

Japan, however, posted a smaller trade surplus of US$3.8b (JPY418.8b) after it hit US$4b (JPY439.8b) in June.

Chemicals exports contributed 10.3% to export value and led growth with a 14.9% rate, 1.5 ppt of headline growth.

It was followed by manufactured foods with growth of 9%, machinery with 13.7%, electrical machinery with 11.7%, transport equipment with 11.4%, and others with 21.2%.

China led the top countries for export destinations with 17.6% growth, followed by South Korea with 16.8%, and Singapore with 27.9%.

Exports to US also expanded at a faster pace of 11.5% from 7.1% in June. The US also remained as the largest export destination in July at US$12b (JPY1.319t), against China at US$11b (JPY1.211t).

Exports to Europe eased to 8.9%. Meanwhile, they fell for second straight month for Sweden at -5.4%, while exports to Spain slipped too at -0.7%.

Also Read

Singapore ranks second in global economic freedom

Economists forecast modest NODX growth for Singapore in 2024

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit