Trade War Contagion Absent as Japanese Export Growth Accelerates — Panjiva


Trade War Contagion Absent as Japanese Export Growth Accelerates

Cons. Discr. - Autos 661 Energy - Conventional 272 Energy - Crude Oil 194 Industrials - Capital Goods 265 Japan 381 Materials - Chemicals 93 Materials - Metals/Mining 482 Metals - Steel 360 Trade Balance 657 U.S. 3297

Japan’s international trade growth rose to 14.0% on a year earlier in October, with a 20.0% rise in imports led by a surge in oil imports. The latter included a 983% leap in imports from the U.S. as it steadily replaces Iran as a source of oil following sanctions. Export growth of 8.2% was still the fastest rate since January, repeating a pattern seen in China, India and South Korea and suggesting there has yet to be little contagion from the trade war between the U.S. and China. Japan’s exports of raw materials, such as chemicals which improved by 24.2%, and capital equipmen...

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