Date
23 October 2017

Sino-Japan trade down for second straight year, website says

Trade between China and Japan fell 6.5 percent to US$311.99 billion in 2013 from a year earlier, the second consecutive annual decline, government portal gov.cn reported Tuesday, citing Japanese industry data. Japanese exports tumbled 10.2 percent year on year to US$129.88 billion while imports from China shed 3.7 percent to US$182.11 billion. The fall was mainly due to a weakening Japanese yen, a slowing Chinese economy and increased market share by competitors of Japanese businesses in China. Exports to China made up 18.1 percent of Japan’s total exports last year, second only to exports to the United States, the report said.

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