July Japanese exports fell by 2.6 %, the most severe in the diving for more than four years

Japan’s exports decreased by 2.6 % on an annual basis in July, its most severe decrease since February 2021, as shipments slipped to the largest market.

The fall was 2.1 % more severe by the economists covered by Reuters and compared to a decrease of 0.5 % in June.

Imports sank to the fourth largest economy in the world by 7.5 %, compared to a decrease of 10.4 % expected through the Reuters poll.

Exports to the United States also continued to decrease, as it decreased by 10.1 % in July and slightly softer than June decreased by 11.4 %. The United States is the largest Japanese export market.

The shipments fell to the mainland of China – the second largest export market in Japan – by 3.5 % compared to the same month last year, but shipments to Hong Kong increased by 17.7 %.

the Nikki 225 It decreased by 0.9 % after the release, while yen I weakened marginally in trading in 147.79.

Commercial readings come yet Japan was informed of GDP numbers in the second quarter, Which witnessed the country, the expectations were won because the net exports prompted growth.

The Japanese economy grew by 0.3 % over the quarter and 1.2 % on an annual basis in the second quarter, where exports remained flexible, even with low imports.

“Although the exports were volatile, there was a higher level of car shipments in April to June.

Suzuki said this may be due to the increase in the shipments of the knees after it recovered from the production from an accident in the auto parts manufacturer in March.

While Suzuki did not call the company, Reuters reported that there An explosion on March 7 In a factory in central Japan, auto parts provide the largest auto maker in the world, Toyota Motor.

The customs tariffs on cars were reduced from 25 % to 15 % as part of the Japanese commercial deal. Cars are one of the largest exports of Japan, and it is its largest export to the United States in 2024.

The value of car exports – which include cars, buses and trucks – to the United States decreased by 28.4 % on an annual basis in July, a sharp decrease compared to a decrease of 26.7 % in June.

Japan reached a deal with Washington on July 22, which saw the so -called A “mutual tariff” decreased to 15 % From 25 % threatens US President Donald Trump earlier that month.

While the 15 % definition effects will not appear until August data, analysts have warned of their impact on the Japanese economy.

There is a possibility that Japan will enter the recession, depending on the size of the definitions effect.