Japan Reports Trade Deficit in November

Japan reported a 684.7 billion yen in trade deficit in November, as exports continued to decline amid the impact of the mass flooding in Thailand and fears of a global economic downturn.
TradingEconomics.com, Ministry of Finance Japan 12/21/2011 2:58:21 PM

Exports dropped 4.5 percent from a year earlier to 5,197.7 billion yen, the second consecutive monthly slide. Imports grew 11.4 percent to 5,882.4 billion yen, due to growing domestic energy consumption.

Trade surplus with the European Union shrank 84.2 percent to 27.6 billion yen, the smallest among comparable figures available since 1979. The exports of vehicles and digital cameras suffered the most.

Exports to China slowed 7.9 percent to 1,004.6 billion yen while imports were up 6.6 percent to 1,327.4 billion yen.

With the United States, exports gained 2.0 percent to 886.8 billion yen and imports fell 0.8 percent to 507.8 billion yen.

Japan Reports Trade Deficit in November