During July, Tokyo’s exports to Washington fell 24 %, worsening Japan’s fiscal deficit to 17.5 billion yen (€683 million).

This is the third consecutive deficit, “in a context marked by the slowdown in trade with the United States, its second-largest trading partner,” amid the Trump administration’s implementation of tariffs, which have significantly affected exports.

Regarding Japanese exports to the US, the figure stood at 1.7 trillion yen (€10.03 billion), representing a year-over-year decrease of 10.1 %. It should be noted that last month, the Asian country “continued to face a base tariff of 10 % imposed by President Trump in April.” Added to this are the tariffs of 25 % on Japanese vehicles.

“Globally, Japanese exports fell 2.6 % year-over-year in July, to 9.35 trillion yen (€57.5 billion), while imports fell 7.5 %, to 9.47 trillion yen (€58.3 billion).”

M.Pino

Source: elpais

(Reference image source: taro ohtani en Unsplash)

Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on X/Twitter and Instagram

La entrada Fall in exports to the US worsens Japan’s trade deficit apareció primero en Bitfinance.

The negative balance of the trade balance of the eurozone stood at 34.4 billion euros last September, compared to the surplus of 6.7 billion euros in the same month of 2021, according to data on international trade in goods published by this Tuesday Eurostat, the community statistics office.

Specifically, exports of goods to the rest of the world rose 23.6 %, up to 259,600 million euros, while imports expanded 44.5 %, up to 294,000 million. Commercial activity between euro partners experienced an increase of 247.6 billion euros, which is equivalent to a year-on-year increase of 27.3 %.

With respect to the activity registered in the first nine months of the year, the euro area recorded a trade deficit of 266.6 billion euros, compared to the surplus of 129.2 billion in the same period last year. Exports up to September grew 19.2 %, up to 2,120 billion euros, while imports advanced 44.7 %, up to 2,386 billion. Commercial activity between euro partners between January and September was 27.1 % higher, standing at 2.021 trillion.

On its side, the trade balance of the European Union (EU) showed a negative balance of 45,800 million, multiplying by 152 the trade deficit of September 2021.

Exports from the community bloc to the rest of the world in the ninth month of the year grew 24 % year-on-year, to 232,000 million, while imports advanced 48.2 %, to 277,800 million. The commercial activity between them was 383,000 million, 26.1 % more.

Between January and September, the Twenty-seven observed exports of 1.889 billion euros, 18.8 % more, while exports were 2.247 billion, 49.7 % more. The commercial activity between the Member States until September reached 3,131 trillion, 25 % more.

The United States remained the country to which the EU directed the most exports until September, with 375.5 billion euros (+29 %). Behind were the United Kingdom, with 243,600 million (917.7 %) and China, with 170,500 million (+2.8 %). In turn, the Twenty-seven imported goods mainly from China (470.7 billion), the United States (262.3 billion) and the United Kingdom (167.3 billion).

Click the link to subscribe for free to our news and media group on Telegram: https://t.me/G_ELSUMARIO_News

Source: dpa

La entrada The eurozone registered a trade deficit of 34,400 million in September apareció primero en Bitfinance.