Skip to content

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved.

Japan’s exports in September shrink for the first time since 2016

Total exports fell by 1.2% in September from a year ago, reversing from the 6.6% increase in August.
ig_trading_floor_6

Japan’s exports fell for the first time in almost two years in September, as shipments to its major export trading partners China and the United States (US) fell.

Total exports fell by 1.2% in September from a year ago, reversing from the 6.6% increase in August, data from Japan’s Ministry of Finance showed. The decline was below the 1.9% rise economists in a Reuters poll had expected.

The previous fall in exports was in November 2016 when sluggish foreign demand had weighed on trade.

Exports to China, Japan’s largest trading partner fell by 1.7% in the last month, making it the first decline in seven months, as shipments of semiconductor production equipments fell.

Exports to the US were lower by 0.2%, due to lesser shipments of construction and mining machinery, medicines, and automotive parts. Imports from the US rose by 3.1%, led by crude oil, and liquefied petroleum gas.

Shipments to South Korea shrank by 4.6% while for Asia as a whole (including China and South Korea), exports were higher by 0.9%.

US President Donald Trump has previously voiced his dissatisfaction with Japan’s US$69 billion trade surplus with the US, and have been pressuring for a two-way agreement to address the issue.

The US has been working on expanding its trade and investment front by negotiating separate trade agreements with Japan, the European Union, and the United Kingdom.

IGA, may distribute information/research produced by its respective foreign marketing partners within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.

This information/research prepared by IGA or IG Group is intended for general circulation. It does not take into account the specific investment objectives, financial situation or particular needs of any particular person. You should take into account your specific investment objectives, financial situation or particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. In addition to the disclaimer above, the information does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any views and opinions expressed may be changed without an update.

See important Research Disclaimer.

Find articles by writer

Find out more about