Japan Trade Surplus Tumbles In 2017
Umer Jamshaid Published January 24, 2018 | 01:30 PM
Japan's trade surplus dropped 25.1 percent last year as higher energy bills eclipsed some of the revenue from robust exports of electronics-related goods and automobiles, government data showed Wednesday
Tokyo, (UrduPoint / Pakistan Point News - 24th Jan, 2018 ) :Japan's trade surplus dropped 25.1 percent last year as higher energy bills eclipsed some of the revenue from robust exports of electronics-related goods and automobiles, government data showed Wednesday.
The world's third-largest economy logged a surplus of 2.99 trillion Yen ($27 billion) in 2017, down 25.1 percent year-on-year, the finance ministry said. But it still marked a second straight year of surplus, and a move away from years spent in the red after the 2011 Fukushima nuclear disaster.
The drop was driven by a 14.0 percent increase in imports, though exports also jumped 11.
8 percent, the ministry said. The yen was on average 3.1 percent cheaper against the US Dollar last year compared to the previous year, making Japan's imports costlier, the ministry added.
Japan's often politically sensitive trade surplus with the United States edged up 3.1 percent on increased exports of automobiles and car-related products. In December alone, Japan's trade surplus dropped 43.5 percent to 359 billion yen as imports of crude oil and telecommunication products increased. The market had expected a 520 billion yen surplus for December.
Related Topics
Recent Stories
3 Gawadar attack victims funeral offered
Mbappe says he will leave PSG at end of season
Usmani felicitates Sardar Saleem on taking oath as Punjab Governor
DC for provision of facilities to people in Lasbela
Solar storm could bring auroras, power and telecoms disruptions
Court grants interim bail to PTI leaders
Ulema, Mashaykh call for political accountability, collaboration for Pakistan's ..
SHRC asks NADRA to issue CNICs to transgender as per law
Flash floods kill 50 in one day in north Afghanistan
CDA chief expresses commitment to promoting modern-day technologies
By wide margin, UN General Assembly votes to back Palestinian bid for membership ..
Musadik slams PTI's political approach as provocative
More Stories From Business
-
Mongolian envoy for boosting bilateral economic ties
11 hours ago -
SBP provides practicable foundation for elimination of Riba: chief manager
12 hours ago -
Rupee gains 08 paisa against US dollar
12 hours ago -
Pakistan, Korea sign Aide-Mémoire for Enhanced Development Cooperation 2024-2026
12 hours ago -
European stock markets hit record highs on rate cut hopes
12 hours ago -
Steps being taken for uplift of industries, socioeconomic conditions: SACM
12 hours ago
-
Meezan Bank, Roche Pakistan join forces to combat breast cancer
13 hours ago -
Salim calls for utilizing Turkish expertise in PIA's privatization
14 hours ago -
PSX stays bullish, gains 427 more points
14 hours ago -
Pakistan committed to promote green investment: Aurangzeb
14 hours ago -
Short-term inflation eases by 1.39 percent
16 hours ago -
Gold rates increase by Rs.4,600 to Rs 243,800 per tola
16 hours ago