Japan's trade balance shows a deficit of US $4 billion

19 Nov 2018 02:42 PM

Japan's trade balance hit a deficit of 449.3 billion yen ($4 billion) in October for the first time in two months.

The Japanese Ministry of Finance said the deficit came despite exports growing 8.2 percent YOY, and the increase in exports of cars, engines and semiconductors was the main reason for the rise.

On the other hand, imports rose by 19.9% due to increased demand for crude oil and liquefied natural gas, with oil imports rising by 33.7% and imports of LNG by 49.3%.

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