Japan's trade surplus in July increased by as much as 119.9% ​​year-on-year

On August 25, according to the latest trade statistics published by Japan’s Ministry of Finance, Japan’s trade balance in July achieved a surplus of 804.2 billion yen in July, an increase of 119.9% ​​compared with the same period of last year, and achieved a trade surplus for 16 consecutive months. , and for the 14th month in a row, it showed a year-on-year increase in the surplus.

Statistics show that in July, Japan’s exports amounted to 5.9828 trillion yen, a year-on-year increase of 23.5%. It has been the eighth consecutive month of year-on-year growth, but the increase has slowed for five consecutive months, and has fallen compared with June. 1.4%. The data shows that Japan’s exports to the United States and Russia, as well as exports of steel and semiconductor electronic components for the Asian region, are growing rapidly.

Judging from the variety of export products, in July, the export volume of automobiles in Japan increased by 27.1% year-on-year, steel increased by 24.8%, and exports of semiconductors and electronic components increased by 16.7%.

From the export-oriented region, Japan’s exports to the United States in July amounted to 972.2 billion yen, which has returned to the level before Lehman Brothers’ bankruptcy in October 2008. Exports have increased by 25.9% year-on-year, which is more than the increase in June. 4.8 percentage points; exports to the EU increased by 13.3%, an increase of 4.3% from the increase in June; exports to the Asian region increased by 23.8%, the lowest monthly increase since December 2009, mainly The increase in exports to ASEAN and South Korea showed a significant slowdown. At the same time, Japan’s exports to China amounted to 1.1568 trillion yen in July, a year-on-year increase of 22.7%, and it has continued to increase for the 9th consecutive month.

In July, Japan’s imports amounted to 5.1786 trillion yen, a year-on-year increase of 15.7%, and the second consecutive month saw a slowdown. Among them, the import volume of liquefied natural gas, iron ore and non-ferrous metals increased significantly.