Semiconductor equipment led Japan's monthly exports to China hit a new high

Japan's Ministry of Finance released the October trade statistics bulletin on November 20 that Japan's exports increased 14% to 6.6931 trillion yen over the same month of last year, and exports to China's semiconductor manufacturing equipment performed strongly, pushing up the overall level. Exports to China hit a record high on a monthly basis, with Japan's trade balance (exports minus imports) surpassing 285.4 billion yen, yielding a five-month surplus.

Observing the export by region, Japan's exports to China increased by 26% to 1.3541 trillion yen in October, a sharp increase, due to the expansion of demand for smart phones, semiconductors and LCD panel-related exports remained strong.Export to China, including Asia An increase of 18.9% to 3.7124 trillion yen.

Japan's exports to the United States increased 7.1% to 1.2817 trillion yen, while growth in construction and mining machinery was boosted by a decline in car exports, which showed a strong export growth of 15.8% from the EU's 753.4 billion yen.

Japan's imports rose 18.9% to 6.4077 trillion yen as crude oil prices increased by 43% in raw crude oil and 90.2% in oil products by volume, with imports from the United States up 3.1% Reaching 637 billion yen and liquefied petroleum gas up 4.7 times that of the same month of the previous year, while imports of mobile phones from China increased by 14.3% to 1.6198 trillion yen.