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Japan's imports and exports set records in July and soaring energy costs and a weak yen helped extend a trade deficit for a third month, government data showed. Japan's trade deficit totalled 634.5 billion yen (USD 4 billion) last month, marking the third straight month of red ink, the Finance Ministry said in a preliminary report Thursday. Imports surged 27.8 per cent from the same month a year ago to a seasonally adjusted 12.15 trillion yen (USD 77 billion). The war in Iran has sent crude oil prices soaring. Japan, which imports almost all its oil, previously relieved heavily on oil imports from the Middle East through the Strait of Hormuz, which remains effectively closed. Exports rose 23.2 per cent to 11.51 trillion yen (USD 73 billion), as auto exports to the US and other nations remained strong. Shipments of semiconductors and other electronic devices were also healthy. Japan's exports have now grown every month for almost a year. By value, both imports and exports rose to t
The government on Tuesday dismissed claims by some Pakistani social media accounts that India has suspended trade operations with Afghanistan due to unrest in Iran, saying the reports were completely false. It said that a fabricated letter is being circulated by Pakistani propaganda accounts on the matter. Iran is witnessing widespread nationwide protests. "A fabricated letter is being circulated by #Pakistani propaganda accounts, falsely claiming that India has temporarily suspended trade operations with #Afghanistan due to escalating unrest in #Iran," PIB Fact Check said in a social media post. In 2024-25, India's exports to Afghanistan stood at USD 318.91 million, while imports were aggregated at USD 689.81 million.
India's import of edible oils fell 29 per cent annually in September to 10,64,499 tonnes due to lower inward shipments of crude and refined palm oils, according to industry data. Import of edible oils stood at 14,94,086 tonnes in the same month last year. Solvent Extractors' Association of India (SEA) on Friday released the import data for vegetable oils (both edible and non-edible) for September. Imports of non-edible oils fell to 22,990 tonnes in September from 57,940 tonnes in the year-ago period. According to the data, import of vegetable oils in September declined 30 per cent to 10,87,489 tonnes compared to 15,52,026 tonnes a year earlier. In the edible oil category, the SEA data showed that import of crude pall oil declined to 4,32,510 tonnes last month from 7,05,643 tonnes in September last year, while refined palm oil shipments were down to 84,279 tonnes from 1,28,954 tonnes. Imports of crude sunflower oil also declined to 1,52,803 tonnes from 3,00,732 tonnes. SEA attrib
The country's exports rose by 4.82 per cent to USD 35.45 billion in September, even as the trade deficit widens to USD 25.71 billion, according to the data released by the commerce ministry on Friday. In its preliminary data, which was released in the first week of this month, the ministry stated that the country's merchandise exports contracted by 3.52 per cent to USD 32.62 billion in September. Imports during the month under review increased by 8.66 per cent to USD 61.61 billion. The trade deficit in September 2021 was USD 22.47 billion. During April-September 2022, exports recorded a growth of 16.96 billion to USD 231.88 billion. Imports rose by 38.55 per cent to USD 380.34 billion, while the trade deficit widened to USD 148.46 billion against USD 76.25 billion in September 2021, the data showed.