Chinese import from Japan increases during Sino-American trade war

foodmate 2018-12-27

Tag: export trade import

The protected trade policy of the USA this year affected global trade. This offered great opportunities for Sino-Japanese trade. Data from the General Administration of Customs in China shows that the value of Sino-Japanese import and export reached 300.8 billion USD in the first 11 months of 2018, which is an increase of 9.7% in comparison with the same period last year. Chinese export to Japan was worth 134.4 billion USD, which is an increase of 8% in comparison with the same period last year, while Chinese import from Japan was worth 166.4 billion USD, which is an increase of 11% in comparison with the same period in the previous year. The trade deficit was 31.9 billion USD.

While these figures were reported, Sino-Japanese trade was still growing fast. Data from customs shows that Chinese import and export maintained a minimum of growth 10% since the beginning of this year. Sino-Japanese trade greatly benefited from this development.

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