
Kuwait's trade surplus with Japan shrank 52.8% from a year earlier to JPY 25.2 billion (USD 248 million) in August, falling for the 15th month in a row reflecting weak exports, the Japanese Finance Ministry said Wednesday.
But Kuwait maintained monthly black ink with Japan for eight years and seven months, the ministry said in a preliminary report, carried by Kuwait News Agency (KUNA).
Kuwaiti overall exports to Japan plunged 40.7% year-on-year to JPY 40.2 billion (USD 396 million) for the 15th straight monthly drop, while imports from Japan rose 4.0% to JPY 15.0 billion (USD 148 million), for the first time in three months.
Middle East's trade surplus with Japan also narrowed by 35.1% to JPY 393.1 billion (USD 3.9 billion) last month, with Japan-bound exports tumbling 29.5% from a year earlier. Crude oil, refined products, liquefied natural gas (LNG) and other natural resources, which accounted for 95.9% of the region's total exports to Japan, slid 29.8%. The region's overall imports from Japan declined 14.8%, as shipments of automobile, steel and electric equipment slowed.
Source : QNA
GMT 08:19 2017 Wednesday ,23 August
Kuwait, China sign agreements which concern the sectorsGMT 09:40 2017 Tuesday ,06 June
Kuwait becomes Japan's third crude oil supplierGMT 09:02 2017 Friday ,14 April
$515 million syndicated finance facility signedGMT 20:30 2017 Tuesday ,07 March
New Zealand optimistic on finalising stalled Gulf trade deal this yearGMT 15:34 2016 Friday ,23 December
Kuwait Fund signs loan agreement for financing substation in Cote d’IvoireMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor