Japan's exports in May increased by 13.5% year on year, surpassing the previous month's growth of 8.3%. This growth was driven by strong demand for cars and chips. Exports to China rose by 17.8% year on year, while exports to the US saw a significant increase of 23.9%. Meanwhile, Japan's imports in May increased by 9.5% year on year, meeting estimates.
Japanese exports to the US saw a significant increase of 23.9% in May compared to the previous year.
Japan's May exports rose 13.5% from a year earlier, led by cars and chips https://t.co/yjtoezkqO0
JAPAN (MAY) EXPORTS (YOY) ACTUAL: 13.5% VS 8.3% PREVIOUS
JAPAN'S MAY EXPORTS TO CHINA INCREASE BY 17.8% YEAR ON YEAR
JAPAN'S MAY EXPORTS INCREASE BY 13.5% YEAR ON YEAR, BEATING ESTIMATES
JAPAN'S MAY IMPORTS INCREASE BY 9.5% YEAR ON YEAR, MEETING ESTIMATES