Japan sees biggest jump in exports in 41 years in May

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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