The trusted voice of the industry
for more than 30 years

Japan's export growth accelerates

Posted on 18 December, 2017

Japan’s exports grew for a 12th straight month in November as external demand continued to fuel the nation’s longest stretch of economic growth since the 1990s. The value of exports rose 16.2 per cent from a year earlier, the biggest increase since August. The 16.2 percent export growth beat a 14.6 percent annual gain forecasted by economists.  The trade surplus was 113.4 billion yen (NZ$1.4 billion). In terms of volume, Japan’s exports rose 5.5 per cent from a year earlier, the 10th consecutive month of rises. The data backs the Bank of Japan’s optimistic outlook for the Japanese economy, the world’s third largest. Shipments to Asia, which account for more than half of Japan’s exports, grew 20.4 percent in the year to November to 3.89 trillion yen, the record amount. Exports to the United States rose 13.0 percent in the year to November, led by cars and excavators, following a 7.1 percent gain in the previous month.