Media ININ Economy We Trust
Media IN Tokyo, May, 22 2019 (KUNA)
Kuwait’s trade surplus with Japan jumped 44.4 percent from a year ealier to JPY 70.9 billion (USD 641 million) in April, expanding for the first time in two months buoyed by strong exports, the Finance Ministry said Wednesday.
Kuwait overall exports to Japan surged 31.8 percent to JPY 84.4 billion (USD 764 million) for the first rise in two months. Imports from Japan declined 9.6 percent year-on-year to JPY 13.6 billion (USD 123 million), down for the for the second month.
Middle East’s trade surplus with Japan grew 9.3 percent to JPY 632..7 billion (USD 5.7 billion) last month, with Japan -bound exports from the region increasing 3.3 percent from a year ealier.
Crude oil, refined products, liquefied natural gas (LNG) and other natural resources, which accounted for 95.9 percent of the regions total exports to Japan, went up 3.1 percent/ The region’s overall imports from Japan slid 14.7 percent, mainly due to weak demand for automobiles, electric equipment and machinery.
