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Exports from Japan to S. Korea down 23.1% y/y in October

2019-11-20 74 Dailymotion

Japan's exports to South Korea sharply declined last month amid escalating tensions between the two nations.<br />Tokyo's finance ministry says Japan's shipments to Korea in October were down some 23 percent on-year to around 3-point-5 billion U.S. dollars.<br />In particular, food, automobiles and semiconductors saw large declines.<br />Exports have fallen due mainly to a South Korean boycott of Japanese goods stemming from Tokyo's trade restrictions and historical disputes.<br />Japan saw its trade surplus with Korea tumble by more than 41 percent on-year last month.<br />

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