Japan’s exports fell by the smallest margin in seven months in September in another sign that the pandemic’s hit on global trade is easing.
The value of Japan’s overseas shipments declined 4.9% from a year earlier in September, narrowing from a 14.8% drop in August, the finance ministry said Monday. The improved figure, supported by the biggest gain in exports to China in more than two and a half years, offered an indication that the low point for trade has passed.
Chip-making equipment powered the increase in exports to China, while a jump in car shipments to the U.S. fueled the first gain in exports there in over a year. Still, economists had projected a smaller overall export decline of 2.4%.
Key Insights
Mexico’s trade surplus was four times as large as economists had forecast in March as slowing demand damped imports.
View ArticleEU food imports to the UK are about to get more expensive and complicated as the British government implements the Brexit deal.
View ArticleThe National Customs Brokers and Forwarders Association of America (NCBFAA), following its 51st Annual Conference in Fort Lauderdale, Florida, on April 14-17, finalized its election today of a new slate…
View ArticleIndustry updates and weekly newsletter direct to your inbox!