The Ministry of Finance’s Trade Statistics of Japan said exports rose 10.1% in May to 5.567 trillion yen. The nation posted a trade deficit of 993 billion yen for the same period. Exports to the United States rose 16.3%, and to China by 8.5%.
Source: Thinkstock
Details of how the numbers are calculated:
- The value of exports is based upon the F.O.B. value, while the value of imports is based upon the C.I.F. value. (The value of goods, which was imported by Authorized Importers or Authorized Customs Brokers, but not declared for duty payment yet, is based upon the value submitted at the declaration for release of goods.)
- Statistical timing – Exports : Entry is made in the month within which falls the date when a ship or aircraft loading the goods concerned leaves a Japanese port. – Imports : Entry is made in the month within which falls the date of the import permit.
- “Percent Change” means “Percent Change from the same month in the preceding year.”
Sponsored: Find a Qualified Financial Advisor
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
