Japan's Ministry of Finance announced on April 18 that an annual report on trade statistics shows that in 2017 (as of March 2018), Japan’s export volume increased by 10.8% year-on-year to 79.2219 trillion yen (1 yen is about 0.05862 RMB). A figure hit the highest level since 2007 before the Lehman crisis. Japan’s semiconductor exports to China and other Asian countries have increased significantly. In the context of strong export performance, the trade balance of exports minus imports has been two consecutive years. Maintaining a surplus. However, due to factors such as rising crude oil prices, imports also increased, and the surplus narrowed.
Japan’s export volume hit a historical second highest level after 2007. Semiconductor and metal processing equipment exported to China and other Asian countries led to overall exports. Japan’s exports to Asia increased by 13.1% to 43.4485 trillion yen.
Japan's exports to China increased by a significant 18.3% year-on-year, reaching 15.1871 trillion yen. Exports of semiconductor manufacturing equipment increased by 50%. In the context of sharp rises in labor costs, provincial human investment is also very active. Metal processing equipment Exports increased by 70%.
FANUC's strong export performance to China's industrial robots and control devices was raised for the third time in January. Semiconductor manufacturing equipment makers also stepped up their production due to strong exports. Tokyo Miyagi plans to increase production capacity by October 2018. Increase to about 2 times.
Japan’s exports to the United States increased by 7.5% to 1.581 trillion yen. Large cars with displacements of over 3000cc performed strongly, and car exports increased after two years. However, the growth rate was only 5.7%. The volume of U.S. exports was exceeded by exports to China.
Japan’s total exports in 2017 increased by 10.8% year-on-year to 79.2219 trillion yen. This figure hit Japan’s highest level since the Lehman crisis in 2007. Compared with 10 years ago, exports to the United States declined. 8.5%, while exports to China increased by 16.4%, and the situation reversed.
Japan’s exports to China exceeded exports to the United States in the three years from 2009 to 2011. At that time, the US economy was faltering due to the impact of the Lehman crisis, and the 4 trillion yuan economic stimulus policy introduced by the Chinese government pushed up demand. However, due to economic slowdown and the East China Sea dispute in 2012, exports to China fell, and exports to the United States again exceeded exports to China.
In 2017, where the reversal occurred again, the economies of China and the United States all showed strong performance and China's presence was further enhanced. Maruyama Masaru, an analyst at SMBC Nikko Securities, pointed out that 'Since China's economy will continue to grow, export companies need to more actively grasp China's needs. '.
In 2017, Japan's trade balance accounted for a surplus of 2,455.9 billion yen, a decrease of 38.2%. In the context of rising crude oil prices, imports increased by 13.6% to 76.7660 trillion yen, resulting in a narrow trade surplus. Mobile phones from Asia Imports of semiconductors and other electronic components have also increased. Imports of cars from Germany have increased. Imports from the European Union have set a record high.