Japan's exports rebounded in September, led by growth in shipments of autos and auto parts, data from the Ministry of Finance showed Thursday.
Japan’s exports rebounded in September, led by growth in shipments of autos and auto parts, data from the Ministry of Finance showed Thursday.
Exports rose 4.3% from a year earlier, reversing from the decline in July and August. Economists polled by data provider FactSet had expected exports to rise 4.5%. Exports to the U.S. and the EU led growth in regional destinations, rising by 13.0% and 12.9%, respectively. The increase was driven by shipments of products such as cars and steel.
However, lower shipments of semiconductors contributed to a decline in exports to China and Asia, which fell by 6.2% and 4.3%, respectively. Imports fell 16.3%, mainly due to lower demand for products such as crude oil and liquefied natural gas.
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