Economy

Japan sees biggest jump in exports in 41 years in May

Jun, 16, 2021 Posted by Ruth Hollard

Week 202125

Japan’s exports rose at the fastest pace since 1980 in May, helping the world’s third-largest economy to offset its sluggish domestic demand, while the Covid-19 vaccination boosts commercial activity in key markets.

The jump in exports largely reflected the recovery from the drop in remittances caused by the pandemic last year, but it was a welcome sign as the Japanese economy struggles to recover amid a prolonged state of emergency to contain the coronavirus.

Trade between Brazil and Japan

The chart below compiled with DataLiner data shows a history of maritime container trade between Brazil and Japan since 2018:

Movement between Brazil and Japan | Jan 2018 to Apr 2021 | TEU

Graph source: DataLiner  (To request a DataLiner demo click here)

Ministry of Finance data released on Wednesday, June 16, showed that exports grew 49.6% in May on an annual basis, led by car exports to the United States. Economists polled by Reuters predicted a 51.3% increase.

The jump followed a 38% increase in April and marked the sharpest growth since April 1980, when shipments rose 51.4%.

The May increase largely reflected the 28.3% decline effect in May 2020.

Source: Money Times

To read the full original article, access the link:

https://www.moneytimes.com.br/japao-tem-maior-salto-nas-exportacoes-em-41-anos-em-maio/

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