TOKYO • Japanese exports recovered during the year to October, compared to the September drop in surprises, as US customs duties increased, although the slowdown in global demand and the intensification of the trade war of the United States and China have lowered prospects for Japan's export reliance.
The data released yesterday showed that exports rose 8.2 percent last month last year, slightly below the 9 percent expected of economists in the Reuters survey.
Export growth followed a revised annual decline of 1.3 percent in September, analysts said due to natural disasters that forced the closure of an international airport and disguised production facilities, distribution of goods and inbound tourism.
Yesterday's trading news was accompanied by data on a gross domestic product last week that showed that the Japanese economy, the third-largest in the world, fell more than expected in the third quarter.
Exports to China, the largest trading partner in Japan, rose by 9 percent year-over-year, led by cars, cars and plastic raw materials, following a fall in the previous month. Consignments to Asia, which account for more than half of Japan's total exports, increased by 7.3 percent.
Japan's exports to the United States rose 11.6 percent year-on-year by October, under the direction of car delivery.
US automotive exports amounted to 154,085 cars, up 3 percent from the previous year, which rose for the first time in five months.