Market Updates
Japan's Trade Deficit Rises 16th Month In a Row
Brian Turner
19 Dec, 2022
New York City
Japan's trade deficit rose for the 16th month in a row in November, the longest period since 2015 on rising costs of energy and mineral fuels and chemicals.
Trade deficit in November increased to 2,027.4 billion from a shortfall of 973.6 a year ago.
Exports in the month increased 20.0% to 8,837.5 billion yen after rising 25.3% in October. Exports increased for the 21st month in a row but at the slowest pace since July.
imports to Japan increased 30.3% to 10,864.9 billion after advancing 53.5% in October. Imports rose in double digits for the 19th month in a row but the increase slowed the most since April.
Trade deficit in the first eleven months surged to 18.4 trillion yen from a surplus of 415.4 billion a year ago.
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