Sunday, June 22, 2025
Home News Japan: Imports jump, trade deficit grows

Japan: Imports jump, trade deficit grows

Japan’s trade flows started the fourth quarter on a down note as imports rose nearly 20 per cent from a year ago, easily outpacing exports and expanding the country’s trade deficit far more than expected.

Imports rose 19.9 per cent year on year in October, according to preliminary data from Japan’s Ministry of Finance, close to triple September’s growth of 7 per cent and easily besting a median forecast of 14.5 per cent from economists polled by Reuters.

That growth in inbound shipments also outpaced an 8.2 per cent rise in exports, which marked a return to growth after falling 1.2 per cent a month prior for the first time in nearly two years.

Exports to Asia rose 7.3 per cent with those to China up 9 per cent versus a dip of 1.7 per cent in September. Shipments to the US bounced back from a 0.2 per cent fall a month ago to rise 11.6 per cent in October, while those to Western Europe rose 5.7 per cent, recovering from the previous month’s 9.4 per cent drop.

Read more on Financial Times.

 





Latest Posts

We Asked AI: Container Ships in Ancient Worlds

Container Ships in Ancient Worlds Imagine a colossal container ship gliding through the Nile as pyramids rise in the distance, or docking at a bustling...

Scenario planning for Mediterranean ports growth amid ongoing tensions

The sustained growth of Mediterranean port traffic, driven by increased Asia-Europe trade and the Red Sea crisis, presents a dynamic landscape for global shipping. Assuming...

Thessaloniki port Revival: Balkan gateway reawakens

 For decades, Thessaloniki was a port with strategic promise but structural limitations, ideally located at the crossroads of Europe and the Balkans, yet constrained...

Vigor Marine Group’s consolidation signals US push to counter China’s shipbuilding dominance

In a bold move to strengthen America’s maritime capabilities, five leading US ship repair and marine service providers have united under a single banner. This...

AI reshape shipping operations

The integration of artificial intelligence into shipping operations, is poised to transform competition in the maritime industry by enhancing efficiency, safety, and sustainability while...
error: Content is protected !!