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Japan’s export/import cargoes predicted to keep downward trend

Japan’s export/import cargoes predicted to keep downward trend
Nittsu Research Institute and Consulting, Inc. (NRIC) projected that international shipments imported to and exported from Japan by sea and air will all continue to decrease year on year in October-December. The think tank on Oct.

 30 unveiled the results of a survey it had conducted among 2,500 leading manufacturers and wholesalers to track short-term corporate logistics trends.

As for exports from Japan of oceangoing containers, foodstuffs and beverages, consumer goods and electrical machinery both improved from a year earlier in July-September, according to NRIC. Production goods remained unchanged. Commodities decreased year on year included lumber/timber and furniture, fibers and garments, metallic products, general machinery, iron/steel and non-ferrous metals, pulp and paper and precision machinery.

By region, exports to other Asian economies, North America and Europe all declined in July-September. NRIC anticipated that shipments to those regions will all continue to shrink in October-December.

Looking at imports to japan, NRIC said that growth was attained in July-September in foodstuffs and beverages, “other” manufactured goods, lumber/timber and furniture, electrical machinery and transport equipment. Precision machinery, production goods and wholesale goods for consumption stayed flat. Decreases were made in fibers and garments, metallic products, chemical products and plastic, pulp and paper, general machinery, iron/steel and non-ferrous metals and ceramic products and soil/stone.

By region, imports from other countries/regions in Asia, North America and Europe all contracted in July-September. NRIC forecast they will all wane again in October-December.

Regarding international airfreight exports, NRIC unveiled that no commodity increased in July-September. While fibers and garments and lumber/timber and furniture both leveled off, other items decreased across the board. The research institute anticipated that fibers and garments will be the only group of products to take an upward swing in October-December, and that other commodities will all either remain unchanged or move downward. Concerning imports, fibers and garments were the only sector to improve in July-September, meaning that others either stayed flat or turn south. NRIC envisaged that there will be no growth in October-December, and that all items will either go sideways or register falls.

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