Japanese exports slumped to 3.9% in July over a year ago, down from June's 6.7%, amid a decrease in car shipments to the US and global trade disputes. Exports to the US fell, for the second month in row, by 5.2%, and car shipments dropped 12.1%, but imports from the country grew 11% for the month. The decline was partly due to weaker sales of cars sold outside Japan, which fell 2.9%, while those bought at home rose 3.2%.
Japanese exports slumped to 3.9% in July over a year ago, down from June's 6.7%, amid a decrease in car shipments to the US and global trade disputes. Exports to the US fell, for the second month in row, by 5.2%, and car shipments dropped 12.1%, but imports from the country grew 11% for the month. On the other hand, exports to Japan's largest trading partner China grew 11.9% YoY in July, while exports to Asia grew 8% thanks to sales of semiconductor equipment and electronic parts, and steel sales to Thailand.