General

The preliminary statistical results released by the Japanese Ministry of Finance on the 15th showed that Japan's trade deficit in May was approximately 1.37 trillion yen (approximately 135 yen per US dollar), a year-on-year decrease of 42%. This is Japan's 22nd consecutive month of trade deficit.

Import and export data shows that the import volume of crude oil, coal, and liquefied natural gas decreased by 21.7%, 32.1%, and 31.6% year-on-year, respectively, driving Japan's import volume to decrease by 9.9% year-on-year in May to about 8.67 trillion yen, two consecutive months lower than the same period last year.

Import and export data shows that in the same month, Japan's export volume increased by 0.6% year-on-year to approximately 7.29 trillion yen. Although it continued to grow, the growth rate was the lowest in 27 months. According to import and export data, the export value of automobiles increased significantly by 66.3% year-on-year; The export volume of mineral fuels, semiconductor manufacturing devices, and semiconductor electronic components decreased significantly year-on-year, with a decrease of 47.6%, 20.2%, and 12.1%, respectively.

According to import and export data, from a national and regional perspective, Japan achieved a trade surplus of 434.9 billion yen with the United States in May, a year-on-year increase of 31.6%; Import and export data shows that Japan's trade deficit with the European Union is 141 billion yen, a year-on-year decrease of 49.3%. (Transferred from: Xinhua Network)