Japan's trade deficit widens to Y953.4bn in November

19 December 2012 03:55  [Source: ICIS news]

Tokyo (ICIS)--Japan's trade deficit has widened to yen (Y) 953.4bn ($11.3bn) in November, marking the fifth consecutive month of deficit, partly because of declined exports of motor vehicles to China, official data from the Ministry of Finance (MOF) showed on Wednesday. 

The country recorded a trade deficit of Y549bn in the previous month, according to the ministry.

Japan's exports totalled Y4,983.9bn in November, a 4.1% decline from the same time a year earlier, with the exports of ships and vessels declining by 46% year on year, the data showed.

Imports totalled Y5,937.3bn, up by 0.8% from the previous year, according to the ministry.

The country's exports to China totalled Y858.7bn in November 2012, a 15% decrease from November 2011, the data showed.

This is the sixth consecutive month of decrease, according to the MOF.

Japan's exports of motor vehicles to China fell by 69% in value terms year on year, based on the data.

The country's overall exports of organic chemicals totalled Y151bn, a 12% increase from the year earlier, according to the ministry.

($1 = Y84.22)

By: Tomomi Yokomura
+65 6780 4359

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