Japanese Trade Deficit Widens in July


In July, Japan's trade deficit rose to 1024 billion yen, the third largest on record. Exports increased 12.2 percent on the year while imports surged 19.6 percent.

Japanese exports rose 12.2 percent yoy, to 5962 billion yen, the fastest pace in three years helped by weaker yen. Exports to China rose 9.1 percent after 4.8 percent gain in May. Shipments to the United States grew 18.4 percent, up from the previous month's 14.6 percent rise. Exports to the European Union rose 16.6 percent following an increase of 8.6 percent a month earlier.

Japanese imports increased 19.6 percent yoy to 6986 billion yen, up for a ninth consecutive month due to the depreciation in the yen, which makes foreign products more expensive, and higher oil prices. 

Japanese Trade Deficit Widens in July


Nuno Fontes | nuno@tradingeconomics.com
8/19/2013 8:59:28 AM