Japan’s exports fell by 11.1% in 2020, which is the second consecutive year of decline

Xinhua News Agency, Tokyo, January 21 (Reporter Liu Chunyan) The preliminary statistics released by the Ministry of Finance of Japan on the 21st show that Japan’s exports in 2020 will be 11.1% lower than the previous year due to the sharp decline in overseas demand for automobiles and other products. This is Japanese exports. Decline for two consecutive years.

The report shows that due to the significant decline in exports of automobiles, auto parts and fossil fuels, Japan’s exports last year fell to 68.4067 trillion yen (1 U.S. dollar equals 103 yen); due to the decline in imports of crude oil, liquefied natural gas, coal and other products, Japan Imports fell 13.8% to 67.7320 trillion yen. In 2020, Japan will achieve a trade surplus of 674.7 billion yen.

From a national and regional perspective, due to the rapid recovery of China’s economy, Japan’s exports of non-ferrous metals, automobiles and plastics to China have increased significantly, driving Japan’s annual exports to China to increase by 2.7% to 15.829 trillion yen; due to automobiles, engines, Exports of aviation products declined. Japan’s exports to the United States fell 17.3% to 12.6125 trillion yen, a decline in exports for two consecutive years; exports to the European Union fell 14.6% to 6.4618 trillion yen.

   The monthly data released by the Ministry of Finance on the same day showed that in December 2020, Japan’s exports increased for the first time in 25 months, with an increase of 2%; that month’s imports fell 11.6% year-on-year, and 20 consecutive months of year-on-year decline.

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