SHANGHAI :
Japanese Exports to China Down Almost 10% in February Following Chinese New Year Holiday
Xu Wei
DATE:  Mar 19 2018
/ SOURCE:  Yicai
Japanese Exports to China Down Almost 10% in February Following Chinese New Year Holiday Japanese Exports to China Down Almost 10% in February Following Chinese New Year Holiday

(Yicai Global) March 19 -- Japan posted exports to China of JPY1.1 trillion (USD10.2 billion) in February, down 9.7 percent from last year due to the Chinese New Year national holiday period.

The country's own imports from China reached JPY1.5 trillion for the month, up by almost 40 percent annually, resulting in a trade deficit of JPY425 billion, data from Japan's finance ministry shows.

The February contraction in exports to China came after a 12.3 percent annual rise in January this year.

Japan's total imports in February increased by 16.5 percent to JPY6.5 trillion, driven by an increase in apparel imports from China as well as hikes in the prices of crude oil and liquefied natural gas imports.

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Keywords:   Japan,Export,Import