Figures show large rise in Japanese exports
Published 24/02/2010 | 09:50
Japan's exports in January jumped 40.9pc from a year earlier, fuelled by robust demand for vehicles and high-tech goods in Asia, the finance ministry said.
Exports grew to 4.9 trillion yen (€4bn), marking the second consecutive month of year-on-year rise, the ministry said.
Vehicle exports in January rose 59.2pc with car parts shipments surging 89.6pc in the month, it said.
Japan's exports of semiconductor products also increased by 83.1pc.
Among key regions, Asia-bound exports jumped 68.1pc year-on-year to 2.7 trillion yen.
The figure underscored the rising importance of Asian markets in Japan's economic recovery. Asia-bound shipments alone account for 55pc of Japan's total exports.
Japanese exports to China soared 79.9pc year-on-year to 920 billion yen on the back of booming demand for vehicles, semiconductor products and plastic goods, the ministry said.
Exports to the US expanded 24.2pc to 710.4 billion yen and those to the European Union grew 11.1pc to 580 billion yen.
Overall, imports in January increased 8.6pc to 4.8 trillion yen, resulting in a trade surplus of 85.2 billion yen in the month, the ministry said.