Japan’s U.S. Exports Post 10.1 Percent Drop in July

2025-08-20 01:41:06

(MENAFN) Japan's exports to the United States plummeted 10.1% in July compared to the same month last year, according to data released Wednesday by the country’s finance ministry. The sharp downturn marks the fourth month in a row of declining shipments to the U.S., driven primarily by steep losses in the auto sector.

Auto exports to the U.S. nosedived 28.4%, while shipments of auto parts tumbled 17.4% — both heavily impacted by heightened American tariffs.

Overall, Japan’s exports dipped 2.6% year-on-year to 9.36 trillion yen (approximately 6.31 billion U.S. dollars), marking the third straight monthly fall. Meanwhile, imports slid 7.5% to 9.48 trillion yen, as softer global energy prices and a stronger yen led to reduced costs for crude oil, coal, and liquefied natural gas.

The nation recorded a trade deficit of 117.5 billion yen for July, reversing a brief surplus and logging its first monthly shortfall in two months, the ministry data showed.
(Exchange rate: 1 Japanese yen = 0.007 U.S. dollars)

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