|22 May, 2019

Kuwait’s trade surplus with Japan hits $642mln in April

The trade surplus growth was attributed to a 31.8% increase in Kuwait’s exports to Japan

Image used for illustrative purpose only. U.S. dollar notes are seen in this picture illustration

Image used for illustrative purpose only. U.S. dollar notes are seen in this picture illustration

REUTERS/Lee Jae-Won

Kuwait’s trade surplus with Japan surged 44.4% year-on-year to JPY 70.87 billion ($642.12 million) in April from JPY 49.06 billion ($444.51 million), the Japanese finance ministry said on Wednesday.

The trade surplus growth was attributed to a 31.8% increase in Kuwait’s exports to the Asian nation, reaching JPY 84.45 billion in April, compared to JPY 64.09 billion in the same month a year earlier, the ministry added.

Year-on-year, the GCC state’s imports from Japan, the world’s third largest economy, levelled down 9.6% to JPY 13.58 billion in April versus JPY 15.03 billion.

The Middle East’s trade surplus with Japan grew 9.3% to JPY 632.67 billion last month, compared to JPY 579.01 billion in April 2018.

Japan’s trade surplus plunged 90.3% to JPY 60.40 billion during April from JPY 620.96 billion in the prior-year period.

Source: Mubasher

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