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Japan Sees 5.1 Percent Rise in Exports
(MENAFN) Japan's December exports climbed 5.1% year-over-year but fell short of analyst projections, while shipments to America plunged by double digits, Thursday data from Japan's Finance Ministry revealed.
The export growth trailed market expectations of a 6.1% annual increase for December.
Tariff anxieties triggered a mid-2025 slump in Japanese exports before recovery materialized late in the year following announcement of a US trade deal that slashed tariffs to 15%.
Yet exports to the United States tumbled 11.1% in December despite surging 8.8% the prior month, extending a downward trajectory. November had marked the first monthly increase in US-bound shipments since March.
Exports to Hong Kong surged 31.1% compared to the previous year's corresponding period, while shipments to mainland China—Japan's largest trading partner—advanced 5.6%. Asia-wide exports collectively rose 10.2%.
Across full-year 2025, Japanese exports gained 3.1%, decelerating from 2024's 6.2% growth, as shipments to Tokyo's two primary trading partners—the US and mainland China—declined 4.1% and 0.4%, respectively.
Annual exports to Hong Kong and Taiwan jumped 17.8% and 15.1%, partially counterbalancing US and Chinese weaknesses.
December imports increased 5.1% year-over-year, surpassing market forecasts of 3.6% growth and marking significant acceleration from November's 1.3% rise.
The release follows escalating Tokyo-Beijing tensions. Relations between the capitals have deteriorated since November when Prime Minister Sanae Takaichi's statements suggested Japan might employ military force should China attempt to seize Taiwan.
Early this year, China implemented export restrictions on dual-use goods destined for Japan and suspended Japanese seafood imports.
The export growth trailed market expectations of a 6.1% annual increase for December.
Tariff anxieties triggered a mid-2025 slump in Japanese exports before recovery materialized late in the year following announcement of a US trade deal that slashed tariffs to 15%.
Yet exports to the United States tumbled 11.1% in December despite surging 8.8% the prior month, extending a downward trajectory. November had marked the first monthly increase in US-bound shipments since March.
Exports to Hong Kong surged 31.1% compared to the previous year's corresponding period, while shipments to mainland China—Japan's largest trading partner—advanced 5.6%. Asia-wide exports collectively rose 10.2%.
Across full-year 2025, Japanese exports gained 3.1%, decelerating from 2024's 6.2% growth, as shipments to Tokyo's two primary trading partners—the US and mainland China—declined 4.1% and 0.4%, respectively.
Annual exports to Hong Kong and Taiwan jumped 17.8% and 15.1%, partially counterbalancing US and Chinese weaknesses.
December imports increased 5.1% year-over-year, surpassing market forecasts of 3.6% growth and marking significant acceleration from November's 1.3% rise.
The release follows escalating Tokyo-Beijing tensions. Relations between the capitals have deteriorated since November when Prime Minister Sanae Takaichi's statements suggested Japan might employ military force should China attempt to seize Taiwan.
Early this year, China implemented export restrictions on dual-use goods destined for Japan and suspended Japanese seafood imports.
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