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Containerized shipments exported from Japan to China amounted to 774,345 tons in May, decreasing 6.1% due to shrinkages in wastepaper, machinery, iron and steel, auto parts and components and other commodities, according to the Japan Maritime Center (JMC). Although they suffered a year-on-year contraction for the 15th consecutive month in total, chemical products, plastic raw materials and other high-value-added items improved from a year earlier. On a value scale, they remained nearly unchanged, declining a minute 0.8% to ¥632.7 billion.
Meanwhile, imports from China to Japan registered a double-digit cutdown, plunging 10.9% to 1,708,196 tons, the JMC said in a report it had compiled with trade statistics provided by the Ministry of Finance (MOF). Demand continued to fall in Japan for iron and steel for auto parts and components, although production facilities were back in business in China. In terms of value, however, they increased 0.3% to ¥1.126 trillion, enjoying a year-on-year rise for fourth months in a row, thanks to increases in electronic devices, garments and others.
