Kuwait's trade surplus with Japan plunges 30% in June

PHOTO

Kuwait's trade surplus with Japan declined 29.8% year-on-year to $313 million in June, according to Kuwait News Agency (KUNA).

Kuwaiti exports to Japan went down 26.6% year-on-year to $425 million, while the GCC country’s imports from Japan also sank 9.6% $112 million.

Middle East's trade surplus with Japan declined 1.5% to $4.4 billion last month, as Japanese exports from the region falling 6% from the year-ago period.

“Crude oil, refined products, liquefied natural gas (LNG) and other natural resources, which accounted for 95.6% of the region's total exports to Japan, went down 5.5%. The region's overall imports from Japan slid 16.4%, chiefly due to weak demand for automobiles, machinery, and electric equipment,” KUNA reported.

Source: Mubasher

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.