Tokyo Port Trade in July: Record High Imports and Exports

According to the preliminary report released by Tokyo Customs Tokyo Port's trade data for July 2023 showed a 13.7% year-on-year increase in exports, totaling 739.1 billion yen, and a 20% rise in imports, reaching 1.51 trillion yen. This resulted in a trade deficit of 771 billion yen. Both export and import values reached record highs for July. Key Export Growth Categories are "Automobile parts" , "Plastics" , and "Computer parts" . Exports to the U.S. saw significant growth, rising 43.9% (214.1 billion yen), primarily driven by an increase in automobile parts. Key Import Growth Categories include "Apparel and accessories", "Computers and peripherals". Regionally, imports from Asia increased to 1.0478 trillion yen (up 20.6%), from the U.S. to 137.5 billion yen (up 7.8%), and from the EU to 189.8 billion yen (up 26%).