Chinese import from Japan increases during Sino-American trade war
The protected trade policy of the USA this year affected global trade. This offered great opportunit…The protected trade policy of the USA this year affected global trade. This offered great opportunities for Sino-Japanese trade. Data from the General Administration of Customs in China shows that the value of Sino-Japanese import and export reached 300.8 billion USD in the first 11 months of 2018, which is an increase of 9.7% in comparison with the same period last year. Chinese export to Japan was worth 134.4 billion USD, which is an increase of 8% in comparison with the same period last year, while Chinese import from Japan was worth 166.4 billion USD, which is an increase of 11% in comparison with the same period in the previous year. The trade deficit was 31.9 billion USD.
While these figures were reported, Sino-Japanese trade was still growing fast. Data from customs shows that Chinese import and export maintained a minimum of growth 10% since the beginning of this year. Sino-Japanese trade greatly benefited from this development.