TOKYO : Japan’s exports to the world increased by 3.7% in October compared to the same month last year, government data revealed. Imports also saw a slight uptick, rising 0.6% year-on-year, reflecting steady demand despite global economic uncertainties.
However, exports to the United States dropped by 3.1%, extending a persistent downward trend now in its seventh month. According to the German Press Agency, data from Japan’s Ministry of Finance indicates that sectors such as computer parts, machinery, buses, and trucks recorded notable declines in shipments to the US.
The ongoing contraction comes amid rising concerns over the impact of US trade policies. In July, US President Donald Trump announced a new trade framework with Japan, introducing a 15% tariff on imported goods, raising fears of further pressure on Japanese exporters.
Despite the fall in exports, Japan’s imports from the United States surged 20.9% in October compared to last year. The spike was driven largely by increased purchases of food products, including grains, as well as petroleum.
In October, Japan saw a 3.7% rise in global exports, yet exports to the US declined by 3.1% for the seventh month. The drop is linked to US trade policies, including a 15% tariff on imports. Despite this, Japan's imports from the US rose by 20.9%, fueled by higher food and petroleum purchases.