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Nov. 19, 2019, 9:12 p.m. EST

Japan notches first trade surplus in 4 months as exports fall

Exports to U.S. sink 11%, while U.S. imports fall even steeper, by 17%

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By Associated Press


Reuters
A worker is seen among newly manufactured cars awaiting export at port in Yokohama, Japan.

TOKYO — Japan recorded a trade surplus of 17.3 billion yen ($159 million) in October, the first surplus in four months, as exports to the U.S. fell and oil prices slipped.

Exports to the U.S. dipped 11% in October, including autos and auto parts, marking the third straight month of declines. And imports from the U.S. fell 17%, such as agricultural products and gas fuels, the Finance Ministry said Wednesday.

Exports and imports to other regions, including Europe and China, also fell.

Overall, exports fell 9.2% last month from the same month the previous year, while imports declined 14.8%, according to the Finance Ministry’s preliminary report.

The tariff war between the U.S. and China has taken a toll across Asia, hurting manufacturers and supply chains.

A dispute between Japan and South Korea over high-tech exports has added to the uncertainty.

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