China continues to be Japan's largest export market
Xinhua News Agency, Tokyo, Aug. 18 (Reporter Liu Chunyan) Japan's Ministry of Finance 18 released preliminary statistics show that driven by China, the United States and other overseas markets demand, Japan's exports in July continued to grow rapidly, up 37%.
Report shows that due to the strong economic recovery and strong demand in China and other major export markets, Japan's exports of automobiles, steel, auto parts and other fields increased significantly in July, Japan's exports reached 7.36 trillion yen (1 US dollar about 109 yen), five consecutive months of year-on-year growth.
In terms of imports, affected by the rising prices of resource commodities and other factors, Japan's imports of crude oil, iron ore and non-iron metals increased significantly. In July, Japan's imports increased by 28.5% year-on-year to 6.92 trillion yen. In July, Japan recorded a trade surplus of 441 billion yen.
In terms of countries and regions, Japan's exports to China rose 18.9 percent year on year to 1.58 trillion yen in the month, with notable increases in plastics, semiconductor manufacturing equipment and semiconductor components. Through July, Japan's exports to China increased year on year for 13 consecutive months. China remains Japan's largest export market.
Exports to the US rose 26.8 per cent year on year to 1.38 trillion yen, while those to the European Union rose 46.1 per cent to 640 billion yen, both rising for the fifth consecutive month.