Arab Today, arab today kuwait trade surplus with japan narrows
Last Updated : GMT 01:21:23
Arab Today, arab today
Arab Today, arab today

Kuwait trade surplus with Japan narrows

Arab Today, arab today

Arab Today, arab today Kuwait trade surplus with Japan narrows

Kuwait - KUNA

Kuwait's trade surplus with Japan narrowed 20.2 percent in April to JPY 96.6 billion (USD 955 million) from a year earlier, shrinking for the first time in two months as imports soared, the Finance Ministry said Wednesday. Kuwait still maintained black ink with Japan for the 75th consecutive month, the ministry said in a preliminary report. Kuwaiti overall exports to Japan fell 15.2 percent year-on-year to JPY 111.1 billion (USD 1.1 billion) for the first decline in two months, while imports from Japan jumped 45.4 percent to JPY 14.5 billion (USD 143 million), up for the 12th straight month. Middle East trade surplus with Japan also shrank 12.4 percent to JPY 1.003 trillion (USD 9.9 billion) last month, with Japan-bound exports from the region falling 6.9 percent from a year earlier. Crude oil, refined products, liquefied natural gas (LNG), and other natural resources, which accounted for 97.4 percent of the region's total exports to Japan, slid 7.8 percent. The region's overall imports from Japan expanded 25.6 percent, however, thanks to robust shipments of automobile, machinery, and steel goods. Japan's global deficit narrowed in April for the first time in 20 months, chiefly due to the consumption tax hike, which dampened demand for imports. The world's third-biggest economy posted a trade deficit of JPY 808.9 (USD 8.0 billion), down 7.8 percent on the year. It marked the 22nd straight month of shortfall for the longest losing streak since comparable data became available in January 1979. Overall exports climbed 5.1 percent to JPY 6.069 trillion (USD 60.0 billion), thanks to strong shipments of vehicles, scientific, and optical instruments. Imports rose 3.4 percent to JPY 6.888 trillion (USD 68.0 billion), as the weaker yen continued to push up costs for imports of oil and gas, which comprise more than one third of all imports. Demand for fossil fuel-based power generation had been strong following the March 2011 Fukushima nuclear accident, which was triggered by the massive earthquake and tsunami. On the other hand, demand for imports of consumer goods declined after the April 1 sales tax increase to 8 percent from 5 percent. Exports to China, Japan's biggest trading partner, grew 9.8 percent, and imports from the country expanded 7.8 percent, posting a deficit with China for the 26th straight month. Japan's currency weakened against the US dollar by 6.7 percent the year before, according to the ministry. The yen's depreciation supports exports by making Japanese products more competitive overseas and increases the value of repatriated overseas earning, but it also inflates import prices. Trade data are measured on a customs-cleared basis before adjustment for seasonal factors

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today kuwait trade surplus with japan narrows Arab Today, arab today kuwait trade surplus with japan narrows

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Zainab al-Maliki reveals herTV presenter models

GMT 18:12 2017 Friday ,24 February

Zainab al-Maliki reveals herTV presenter models
View News in Arabic - Business: اقتصاد عربي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Actress Lobna Abdel Aziz proud of her career

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday