Arab Today, arab today kuwaits trade surplus with japan narrows
Last Updated : GMT 12:47:56
Arab Today, arab today
Arab Today, arab today

Kuwait's trade surplus with Japan narrows

Arab Today, arab today

Arab Today, arab today Kuwait's trade surplus with Japan narrows

Kuwait's trade surplus with Japan narrows
Kuwait - KUNA

Kuwait's trade surplus with Japan narrowed 36.8 percent in May to JPY 68.1 billion (USD 666 million) from a year earlier, shrinking for the second month in a row as exports plunged, the Finance Ministry said Wednesday.
But Kuwait maintained black ink with Japan for the 76th consecutive month, the ministry said in a preliminary report. Kuwaiti overall exports to Japan slid 34.1 percent year-on-year to JPY 80.4 billion (USD 786 million) for the second consecutive monthly decline, and imports from Japan also dropped 14.1 percent to JPY 12.3 billion (USD 120 million), down for the first time in 13 months.
Middle East's trade surplus with Japan also declined 14.5 percent to JPY 887.3 billion (USD 8.7 billion) last month, with Japan-bound exports from the region falling 10.5 percent from a year earlier. Crude oil, refined products, liquefied natural gas (LNG) and other natural resources, which accounted for 97.0 percent of the region's total exports to Japan, fell 11.2 percent. But the region's overall imports from Japan grew 10.9 percent, thanks to robust shipments of automobile, machinery, and steel.
Japan's global deficit narrowed in May the second straight month, as imports declined after the sales tax increase in April. The world's third-biggest economy posted a trade deficit of JPY 909.0 billion (USD 8.9 billion), down 8.3 percent on the year. But it marked the 23rd straight month of shortfall for the longest losing streak since comparable data became available in January 1979. Overall exports decreased 2.7 percent to JPY 5.608 trillion (USD 54.8 billion), the first decline in 15 months, chiefly due to sluggish shipments of marine vessels and automobiles. Imports fell 3.6 percent to JPY 6.517 trillion (USD 63.7 billion), the first fall in 19 months as demand for crude oil and coal plummeted. Personal spending and industrial output also slowed following the April 1 sales tax hike to 8 percent from 5 percent. Exports to China, Japan's biggest trading partner, edged up 0.4 percent, and imports from the country fell 2.7 percent, posting a deficit with China for the 27th straight month.
Japan's currency weakened against the US dollar by 2.9 percent the year before, according to the ministry. The yen's depreciation supports exports by making Japanese products more competitive overseas and increase the value of repatriated overseas earning, but it also inflates import prices. The 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 kuwaits trade surplus with japan narrows Arab Today, arab today kuwaits 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 Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 14:44 2017 Saturday ,25 February

China overtakes US as Germany’s top trade partner

GMT 05:53 2017 Saturday ,25 February

Global sovereign debt to hit new all-time high

GMT 05:17 2017 Saturday ,25 February

Oil world cautious on Trump’s next move

GMT 09:59 2017 Friday ,24 February

Baidu revenue slips anew amid ad clampdown

GMT 05:20 2017 Thursday ,23 February

WTO ratifies first multilateral trade deal
View News in Arabic - Business: نفط وبتروكيماويات
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 Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

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