Japan's trade balance posts deficit in July; exports to Korea down 6.9% y/y
- 5 years ago
일본 무역수지 두 달 만에 적자 전환…한국수출 전년比 6.9% 감소
Japan's logged a trade deficit in July for the second time in two months.
According to its finance ministry, the country posted a deficit of 2.3 billion U.S dollars last month.
Weak exports to China due to the Beijing - Washington tariff war are seen as the key contributing factor.
Outbound shipments to China fell more than nine percent on-year.
Exports to Korea also decreased by almost seven percent.
The ministry couldn't identify whether Tokyo's recent trade restrictions on Seoul had affected the trade balance figure since there was no seperate data for the affected materials.
Japan's logged a trade deficit in July for the second time in two months.
According to its finance ministry, the country posted a deficit of 2.3 billion U.S dollars last month.
Weak exports to China due to the Beijing - Washington tariff war are seen as the key contributing factor.
Outbound shipments to China fell more than nine percent on-year.
Exports to Korea also decreased by almost seven percent.
The ministry couldn't identify whether Tokyo's recent trade restrictions on Seoul had affected the trade balance figure since there was no seperate data for the affected materials.