Japan August plastics export volume rises 2% year on year

27 September 2010 05:39  [Source: ICIS news]

SINGAPORE (ICIS)--Japan’s export volume of plastic materials increased by 2% in August to 554,188 tonnes compared to the same period last year, with China taking in the bulk of the shipments, official data showed on Monday.

In terms of value, plastics shipments jumped by 7.3% year on year to yen (Y) 183.58bn ($2.18bn), according to data from the country’s Ministry of Finance.

About 40%, or 230,377 tonnes, of that total volume was exported to China last month, at a total value of Y52.4bn, based on the data.

Meanwhile, the growth of Japan’s overall exports for the month slowed to 15.8% year on year from July’s pace of 23.5%, while overall imports in August grew 17.9%, the data showed.

Japan’s balance of trade shrank for the first time in 15 months, falling by 37.5% to Y103bn, according to the data, with total exports valued at Y5,224bn and imports at Y5,121bn.

($1 = Y84.26)

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By: Pearl Bantillo
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