Japanese export delayed in September 2016 for 12th consecutive month, but the decline was smaller than the concerns of market experts. During the reported month, the exports declined by 6.9% to 5.97 trillion JPY (about 52.8 billion EUR). Moreover, the decline is slowing, because in August amounted to 9.6%., while the expectations of the market participants for delay of 10.4%.
The rising value of the JPY this year shrank dramatically earnings of Japanese exporters. In September, the export volume increased by 4.7% compared to the volume in August and so reported the 12th consecutive monthly increase. In seasonally adjusted growth of 0.3%.
The Japanese exports to China declined by 10.6%, to Hong Kong dropped by 18.7%, to South Korea decreased by 1.6%, while those to Singapore crashes by 21.2% and for India dropped by 1.0 %. The decrease was reported almost among the main trade partners of the country, as well as USA (-8.7%), Middle East (-10.8%), Russia (-4.9%) and South Africa (-24.9%). Unlike them, however, there is an increase in exports from Japan to Western Europe (2.5%) and the EU (0.7%).
By product, the decline occurred in raw materials (-19.7%), mineral fuels (-34.0%), chemicals (-7.2%), industrial goods (-13.3 per cent), machinery (-2.1 %), electrical machinery (-9.9%), transport equipment (-6.0%) and other (-1.0%).
The Japanese imports account the 21 consecutive monthly decline in September. This time the decrease was 16.3% to 5.47 trillion JPY. A month earlier the decline was 17.3%, while market expectations were for a decline of 16.6%.
So overall trade balance of Japan in September showed a surplus of 498.3 billion JPY.
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