TOKYO (Kyodo) — Japan’s exports to the United States in October fell 3.1% from a year earlier to 1.75 trillion yen ($11.1 billion), marking the seventh consecutive monthly decline, as higher tariffs continued to weigh on car shipments, government data showed Friday.<\/p>\n
The trade surplus with the United States shrank 33.6% to 529.4 billion yen, as imports climbed 20.9% to 1.22 trillion yen, driven by airplane purchases, the Finance Ministry said in a preliminary report.<\/p>\n
Tokyo and Washington agreed in July to lower vehicle duties to 15% from 27.5% imposed earlier by U.S. President Donald Trump, with the new rate taking effect in mid-September. The figure, however, is still six times that of the 2.5% tariff prior to April.<\/p>\n
Japan’s U.S.-bound car exports dropped 7.5% in value terms.<\/p>\n
Globally, Japan logged a trade deficit of 231.8 billion yen, down 53.6% from the previous year, as exports grew partly due to semiconductor shipments.<\/p>\n
Exports rose 3.6% to 9.77 trillion yen, marking the second straight month of gain, while imports edged up 0.7% to 10.0 trillion yen, also up for the second consecutive month.<\/p>\n
With China, Japan remained in the red for the 55th consecutive month, logging a deficit of 766.5 billion yen.<\/p>\n
The latest trade data was initially scheduled for release on Wednesday, but was delayed after some customs data failed to transfer following a system update last month.<\/p>\n","protected":false},"excerpt":{"rendered":"TOKYO (Kyodo) — Japan’s exports to the United States in October fell 3.1% from a year earlier to…\n","protected":false},"author":2,"featured_media":147280,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[40315,90020,114,184,3472,12113,85,46,6198,1261,1268,32346,208],"class_list":["post-147279","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-40315","tag-7th","tag-business","tag-economy","tag-exports","tag-fall","tag-il","tag-israel","tag-japans","tag-month","tag-october","tag-straight","tag-us"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/147279","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=147279"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/147279\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/147280"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=147279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=147279"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=147279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}