Japan’s exports rise 6% in November as shipments to the US bounce back
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Article contentBANGKOK (AP) — Japan’s exports climbed 6% in November from a year earlier, with shipments to the United States rising for the first time since March as uncertainties over tariffs abated following a trade deal with the Trump administration.Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentThe preliminary data released Wednesday showed Japan’s total imports rose 1.3% last month over a year earlier, leaving a surplus of 322.2 billion yen (about $2.1 billion).Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Article contentExports to the U.S. rose nearly 9% from the year before as shipments of cars, chemicals and cameras helped make up for declines in machinery and iron and steel. Imports of U.S. oil nearly tripled, along with sharp increases in imports of grain and other food products.Article contentArticle contentJapan’s deal on tariffs with President Donald Trump’s administration, setting the baseline import duty for most products at 15% instead of the earlier plan for a 25% tariff, helped boost passenger car shipments by 8% when measured by the number of vehicles. But the value of those cars, trucks and buses inched up only 1.5%, reflecting the reluctance of automakers to pass costs from higher tariffs onto consumers.Article contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article contentImports from the U.S. climbed more than 7%, though Japan still logged a trade surplus of 739.8 billion yen ($4.7 billion), up 11% from a year earlier.Article contentJapan’s exports to the European Union surged about 20% last month from a year earlier, supported by growth in demand for machinery, vehicles and other manufactured goods.Article contentBut tensions with Beijing after Prime Minister Sanae Takaichi commented on defense of Taiwan took a toll, with exports to China falling 2.4% on weaker shipments of chemicals, machinery and vehicles.Article contentDespite a nascent recovery in trade with the U.S., its largest trading partner, higher tariffs are likely to continue to weigh on exports, Norihiro Yamaguchi of Oxford Economics said in a report.Article contentStill, he forecast that Japan’s exports will likely improve in the coming year.Article content“Spillovers from robust U.S. AI-related spending will likely support exports as well,” Yamaguchi said.Article contentTrending The Federal Reserve’s rate cut was a clear signal to investors Investor Expect 'dramatically higher' oil prices in 2026, says Eric Nuttall Oil & Gas Garry Marr: How raiding your TFSA before the end of year could save you thousands Personal Finance Bank of Canada wants to make stablecoins 'good money,' Macklem says Finance McKinsey plots thousands of layoffs in consulting slowdown Work Share this article in your social networkCommentsYou must be logged in to join the discussion or read more comments.Create an AccountSign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information.
The Federal Reserve’s rate cut was a clear signal to investors Investor Expect 'dramatically higher' oil prices in 2026, says Eric Nuttall Oil & Gas Garry Marr: How raiding your TFSA before the end of year could save you thousands Personal Finance Bank of Canada wants to make stablecoins 'good money,' Macklem says Finance McKinsey plots thousands of layoffs in consulting slowdown Work