Japan exports fall for 10th straight month in September

Tokyo, JapanAEuros s exports fell for a 10th straight month in September as trade tensions between the US and China hit demand for machinery and other manufacturing mainstays, the government said Monday.

The Finance Ministry said the trade deficit in September totaled $ 1.1 billion, a third consecutive month of red ink, the Associated Press (AP) reported.

Exports fell 5.2% from the same month in 2018, with slower shipments of machinery, vehicles and auto parts. Imports dropped 1.5%.

JapanAEuros s exports to the US dropped nearly 8% from a year earlier, as exports of vehicles sank 16%.

Imports from the US declined 12%. The trade surplus with America fell 3.5% to $5.2 billion.

There were signs of improvement in demand for semiconductors, suggesting a slump in the sector may be bottoming out, economists said.

Exports of semiconductors rose 4% from a year earlier despite double-digit drops in most other categories of electrical machinery.

Exports of integrated circuits jumped 9.1%, the data showed.

Export volumes stabilized somewhat, while the value of exports fell due to weaker prices.

Source: Bahrain News Agency