Exports from Japan fell 6.3 percent from a year earlier to JPY 6.58 trillion in December 2019, marking the thirteenth consecutive month of declines in overseas sales, compared to a 7.9 percent tumble in November and market expectations of 4.2 percent slump. This mainly reflected lower shipments of transport equipment (-10.7 percent), of which cars (-11.6 percent) and parts of motor vehicles (-10.9 percent); manufactured goods (-9.1 percent), such as iron & steel products (-13.3 percent); machinery (-6.2 percent), mostly power generating machines (-6.1 percent); electrical machinery (-3.2 percent) and chemicals (-4.8 percent). Among major trading partners, sales declined to South Korea (-16.2 percent), Thailand (-15 percent), the US (-14.9 percent) and Germany (-4.6 percent), but rose to China (0.8 percent), Hong Kong (2.3 percent) and Taiwan (13.3 percent). Exports in Japan averaged 3398.94 JPY Billion from 1963 until 2019, reaching an all-time high of 7681.69 JPY Billion in March of 2008 and a record low of 105.08 JPY Billion in January of 1963.
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