• Bloomberg

  • SHARE

Japan’s exports rebounded in July as China replaced the United States as the nation’s largest customer but couldn’t prevent the trade surplus plunging 87 percent to ¥91.10 billion on surging imports due to higher oil prices.

Shipments overseas rose 8.1 percent from a year earlier, after declining for the first time since 2003 in June, the Finance Ministry said Thursday. Exports to China climbed 16.8 percent to a record ¥1.29 trillion, exceeding the value of those sent to the U.S. for the first time since the government began compiling monthly figures in 1950.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW