21 July 2021
Japan’s first-half exports jump 23.2 percent, the strongest in 11 years.
The Japanese government said Japan’s exports in the first half of 2021 rose 23.2 percent year-on-year. This was the strongest expansion in 11 years, reflecting the recovery of the global economy. After slowing down in the past due to the spread of COVID-19
Exports for the January-June period rose to 39.86 trillion yen ($363 billion), higher than the pre-epidemic level of 38.25 trillion yen in the first half of 2019. It was at this time that Japanese exports were affected by the US-China trade conflict.
Imports in the first half rose 12.2 percent year-on-year to 38.87 trillion yen, and was the biggest increase since the second half of 2017, when it grew 15.9 percent, reflecting a rise in crude oil prices. increased and domestic consumption recovered.
The figure gave Japan a trade surplus of 9.8499 billion yen in the first six months of the year. which is a surplus for the second half of the year in a row
For the month of June, only that month Japan’s exports rose 48.6 percent year-on-year to 7.22 trillion yen and imports rose 32.7 percent to 6.84 trillion yen, keeping Japan on track to record a trade surplus in June. at 38318 billion yen after a deficit of 18836 billion yen in May.