The US tariffs negatively affected exports to the US, but shipments elsewhere stayed strong, highlighting Japan’s export resilience.<\/p>\n
By destination, exports to the US dropped 13.3% year-on-year, while exports to Asia (9.2%), China (5.8%), and the EU (5.0%) posted solid gains. Strong export performance to Asia, particularly to Hong Kong, Malaysia, Taiwan, and Vietnam, is related to IT exports as they are top global hubs.<\/p>\n
Examining US exports in greater detail, the tariff has resulted in decreases across all export categories: chemicals (-17.8%), iron and steel (-34.7%), machinery (-8.7%), electrical machinery (-3.7%), and transport equipment (-19.2%).<\/p>\n
We found that exports of machinery, electrical machinery, and transport equipment to the EU, Asia, and China were quite strong, but exports of iron and steel showed a decline across the globe. Overall, trade in iron and steel was hit by spreading tariffs from the US to the EU, sluggish construction activity, and severe price competition.<\/p>\n
Meanwhile, the overall weakness in vehicle exports (0.6%) was mainly due to weak US exports, while semiconductor booms continued to support Japanese chipmakers.<\/p>\n","protected":false},"excerpt":{"rendered":"The US tariffs negatively affected exports to the US, but shipments elsewhere stayed strong, highlighting Japan’s export resilience.…\n","protected":false},"author":2,"featured_media":231380,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[45,49,48,46],"class_list":["post-231379","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-ca","tag-canada","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/231379","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=231379"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/231379\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/231380"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=231379"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=231379"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=231379"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}