日本对美出口连续7个月同比下降

Core Viewpoint - Japan's exports to the United States have been declining for seven consecutive months due to U.S. tariff policies, significantly impacting its trade balance and economic outlook [1] Export Performance - In October, Japan's exports to the U.S. decreased by 3.1% year-on-year to 1.75 trillion yen (approximately 11.1 billion USD) [1] - The decline in exports was primarily driven by significant drops in three categories: automobiles (-7.5%), semiconductor manufacturing equipment (-49.6%), and pharmaceuticals (-30.8%) [1] - Although the decline in automobile exports has lessened, it remains the largest contributor to the overall decrease in exports to the U.S. [1] Trade Balance - Japan has experienced a trade deficit for four consecutive months, with a trade deficit of 231.8 billion yen in October [1] - Overall exports increased by 3.6% year-on-year to 9.766 trillion yen, while imports rose by 0.7% to 9.998 trillion yen [1] Economic Implications - Experts note that in 2024, exports of automobiles and auto parts are expected to account for about one-third of Japan's total exports to the U.S., indicating the ongoing significant impact of U.S. tariff policies [1] - The persistent trade deficit, coupled with the depreciation of the yen, exacerbates the economic challenges faced by Japan [1]