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Japan's Asian export grows by 7.3%

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[Tokyo, August 26, 2003] Japan's Finance Ministry announced that its export in Asian regions has increased by 7.3%, reaching $6.8 billion in July. This was achieved in part due to the slow export from the U.S.

Export to China has increased by 28.5% alone, while import from China only grew by 17.5%. The U.S. remains the largest export country for Japan, but Japan's export decreased by 7.5% in July. The main reason is the decline in demand for cars, stereos, computers, and other electronic parts.

Trade with the EU has been on the plus side with 10% export growth and 1.3% import decrease.

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