Japan'S Exports To China Increased Year On Year For 13 Consecutive Months

Japan's exports continued to grow rapidly year-on-year in July, with an increase of 37%, driven by the demand of overseas markets such as China and the United States, according to preliminary statistics released by the Ministry of Finance on the 18th.

According to the report, due to the strong economic recovery and strong demand in China and other major export markets, Japan's exports of automobile, steel and auto parts increased significantly year-on-year. In July, Japan's export volume reached 7.36 trillion yen (about 109 yen per US dollar), increasing year-on-year for five consecutive months.

From the perspective of countries and regions, Japan's exports to China increased by 18.9% to 1.58 trillion yen on a year-on-year basis, and the growth rate in plastics, semiconductor manufacturing equipment, semiconductor components and other fields was obvious. As of July, Japan's exports to China increased year on year for 13 consecutive months. China continues to maintain Japan's largest export market position.

In addition, Japan's exports to the United States increased by 26.8% to 1.38 trillion yen on a year-on-year basis, and exports to the European Union increased by 46.1% to 640 billion yen, both of which were year-on-year increases for five consecutive months.