Japan’s August chemical exports decrease 3.4% year on year

20 September 2012 05:52  [Source: ICIS news]

TOKYO (ICIS)--Japan’s exports of chemicals decreased by 3.4% year on year to yen (Y) 528.7bn ($6.75bn) in August, weighed by a decline in shipments to the EU, official data showed on Thursday.

Its exports of inorganic chemicals declined by 12% to Y144.6bn in August, while shipments of plastic materials fell by 0.3% to Y170.3bn, the Ministry of Finance (MOF) said in a statement.

The country exported 494,112 tonnes of plastic materials in August, down by 4.6% from the same period a year earlier, according to the ministry.

Japan's overall exports decreased by 5.8% year on year to Y5,045.9bn in August, while its imports fell by 5.4% to Y5,800bn, the MOF said.

The country recorded a trade deficit of Y754.1bn last month, a 3% decrease from a deficit of Y777.5bn in the corresponding period in the previous year, according to the ministry.

($1 = Y78.38)

By: Tomomi Yokomura
+65 6780 4359

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