Core Insights - Japan's exports to the United States have been declining for seven consecutive months since April 2023, primarily due to U.S. tariff policies [1] - In October, Japan's exports to the U.S. fell by 3.1% year-on-year to 1.75 trillion yen (approximately 15.7 billion USD), with significant declines in automotive, semiconductor manufacturing equipment, and pharmaceuticals [1] - The trade deficit has persisted for four months, with October's trade deficit reaching 231.8 billion yen, despite an overall export increase of 3.6% to 9.7663 trillion yen [1] Export Performance - The decline in exports to the U.S. is largely attributed to a 7.5% decrease in automotive exports, a 49.6% drop in semiconductor manufacturing equipment, and a 30.8% reduction in pharmaceuticals [1] - Automotive exports remain the largest factor contributing to the ongoing decline in Japan's exports to the U.S. [1] Trade Deficit Context - The continuous decline in exports to the U.S. has led to a trade deficit, which is a significant factor in the depreciation of the yen [1] - Exports to Asia and the European Union have increased, helping to offset some of the losses from U.S. exports [1]
【环球财经】日本对美出口连续7个月同比下降
Xin Hua Cai Jing·2025-11-21 03:26