Kuwait – Mubasher: Kuwait's trade surplus with Japan decreased 43% year-on-year to JPY 21.3 billion ($214 million) in July, shrinking for the 14th month, Kuwait News Agency (KUNA) said according to the Japanese finance ministry said Thursday.
“Kuwaiti overall exports to Japan tumbled 41.9% year-on-year to JPY 33.4 billion ($334 million) for the 14th straight monthly fall, and imports from Japan also declined 39.8% to JPY 12.0 billion ($120 million), down for the second month,” KUNA added.
Meanwhile, the region’s trade surplus with Japan declined 45.5% to JPY 362.0 billion ($3.6 billion) last month, with Japan-bound exports diving 41.3% from a year earlier.
The Middle East's overall imports from Japan dropped 30.8%, as shipments of vehicle, steel and machinery slowed.
