Jepang - Ekspor

Exports from Japan declined 9.2 percent yoy to JPY 6.58 trillion in October of 2019, compared to market expectations of a 7.6 percent decline. It is the 11th straight month of annual falls in sales, mainly due to lower shipments of transport equipment (-7.4 percent), namely motor vehicles (-9.6 percent); machinery (-12.9 percent), namely power generating machines (-20.9 percent); electrical machinery (-8.3 percent); chemicals (-9.7 percent); manufactured goods (-13.4 percent), namely iron and steel products (-16.7 percent); and raw materials (-16.5 percent). Among main trading partners, exports were mainly dragged by sales to China (-10.3 percent), the US (-11.4 percent), South Korea (-23.1 percent), Thailand (-14.6 percent), Singapore (-14.6 percent) and Germany (-19.4 percent).

Exports from Japan declined 5.2 percent from a year earlier to JPY 6.37 trillion in September 2019, the tenth straight month of decrease and compared to market expectations of a 4.0 percent fall, amid weakening global demand and the US-China trade dispute. Lower sales were recorded in transport equipment (-2.7 percent); machinery (-11.2 percent); electrical machinery (-4.7 percent); manufactured goods (-3.8 percent); and chemicals (-2.1 percent). Among main trading partners, exports dropped to China (-6.7 percent), South Korea (-15.9 percent), Hong Kong (-10.3 percent), Singapore (-11.4 percent), Thailand (-14.4 percent), the US (-7.9 percent) and Australia (-8.4 percent), but rose to the Middle East (8.5 percent), in particular the UAE (11.4 percent), Saudi Arabia (29.2 percent) and Western Europe (3.4 percent), mostly Switzerland (156.8 percent).

Exports from Japan declined 8.2 percent from a year earlier to JPY 6.14 trillion in August 2019, the ninth straight month of decrease and compared to market expectations of a 10.9 percent fall, amid weakening global demand and the US-China trade dispute. Lower sales were recorded in transport equipment (-8.2 percent); machinery (-12.3 percent); electrical machinery (-8.1 percent); manufactured goods (-11 percent); and chemicals (-5.1 percent). Among main trading partners, exports dropped to to China (-12.1 percent), the US (-4.4 percent), Hong Kong (-11.5 percent), South Korea (-9.4 percent), Taiwan (-8.5 percent) and the EU (-1.3 percent).

Exports from Japan dropped 1.6 percent from a year earlier to JPY 6.64 trillion in July 2019, the eighth straight month of decrease and compared to market expectations of 2.2 percent fall, amid weakening global demand and the US-China trade dispute. Declines were observed in machinery (-7.3 percent) led by semiconductor machinery, pump and centrifuges, metalworking machinery and parts of computer; electrical machinery (-7.3 percent) due to semiconductors, electrical apparatus and measuring, and electrical power machinery; manufactured goods (-5.1 percent) such as iron & steel products, nonferrous metals and manufactures of metals. Conversely, motor vehicles exports jumped 9.2 percent. Among main trade partners, exports decreased to China (-9.3 percent), South Korea (-6.9 percent) and Taiwan (-8.2 percent), but rose to the US (8.4 percent), the EU (2.2 percent), and the Middle East (17.6 percent).

Exports from Japan fell 6.7 percent from a year earlier to JPY 6.58 trillion in June 2019, compared to market consensus of a 5.6 percent drop and May's 7.8 percent fall. It was the seventh straight month of declines in shipments, amid weakening global demand and the US-China trade dispute. Declines were observed in machinery (-8 percent), led by metalworking machinery (-22.2 percent) and power generating machine (-7.7 percent); transport equipment (-7.6 percent), due to motor vehicles (-0.7 percent) and parts (-14.1 percent); electrical machinery (-9.3 percent); and manufactured goods (-8.6 percent) such as iron and steel products (-11.6 percent) and nonferrous metals (-11.8 percent). Among main trade partners, exports fell mainly to China (-10.1 percent), Hong Kong (-4.3 percent), South Korea (-14.8 percent), Singapore (-7-9 percent), Australia (-18.7 percent), the EU (-6.7 percent), and the Middle East (-16.4 percent). Still, sales to the US climbed 4.8 percent.

Exports from Japan fell 7.8% from a year earlier to JPY 5.84 trillion in May 2019, compared to market consensus of a 7.7% drop and after a after a 2.4% fall in April. It was the sixth straight month of declines in shipments, amid weakening global demand and the US-China trade dispute. Shipments were mainly dragged down by machinery (20 percent of total exports), down 13.1 percent after falling 4.1 percent in the previous month, as semicon machinery plummeted 30.4 percent. Also, electrical machinery (17 percent of total exports) plunged 9.9 percent after a 4.6 percent decline, as telephony dropped 22.6 percent and audio & visual apparatus shrank 21.8 percent. Among main trade partners, exports fell to China (-9.7 percent), Korea (-13.3 percent,; Australia (-17.2 percent), and Brazil (-30 percent). In contrast, sales to the United States climbed 3.3 percent.