Japan Apr chemical exports grow 13.6%; plastics materials up 2.9%

22 May 2013 04:11  [Source: ICIS news]

SINGAPORE (ICIS)--Japan’s chemicals exports in April grew 13.6% year on year to Y635.3bn ($6.2bn), but with plastics materials registering a more moderate increase of 2.9% as volume of shipments declined, official statistics released on Wednesday showed.

Export volume of plastic materials declined 7.4% year on year to 462,609 tonnes, according to provisional data from Japan’s Ministry of Finance.

Overall exports last month grew 3.8% - less than half the growth pace of imports at 9.4%, the data showed.

Japan, which is the world’s third biggest economy, posted a bigger trade deficit of Y879.9bn ($8.6bn) in April, compared with Y518.4bn in the same period last year, official data showed.

The country’s April exports were valued at Y5,777bn, while imports stood at Y6,657bn.

($1 = Y102.55)

By: Pearl Bantillo
+65 6780 4359

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