Exports were able to offset the decline seen in September, which was the first decline in 10 months. On the other hand, imports increased by 0.4 percent, contrary to expectations that indicated a decline of 1.9 percent. As a result, the trade deficit widened to 461.2 billion yen ($2.98 billion), compared to 294.1 billion yen in the previous month.
Some sectors, such as chip manufacturing equipment and medical products, saw a significant increase in their overseas shipments during October, while exports of mineral fuels recorded a decline.
This unexpected growth supports hopes for Japan’s continued economic recovery, as the trade sector plays an important role in supporting the economy. Although the country’s GDP expanded for the second consecutive quarter until September, the slowdown in the pace of growth came as a result of the impact of net exports on overall performance.
These results reflect resilience Japanese economy Amidst global challenges, which enhances optimism about continuing the path of sustainable recovery.
