Japan Export Growth Hits 16.7% as AI Chip Demand Drives Trade
Japan's exports climbed 16.7% in September, marking 13 months of growth fueled by AI and semiconductor demand despite a widening trade deficit.
POLICY WIRE — Tokyo, Japan — Japan’s export sector maintained its momentum in September, recording a 16.7% increase compared to the same period last year. This marks the 13th consecutive month of growth for the nation’s outbound shipments, bolstered primarily by robust international demand for semiconductors and artificial intelligence-related technology.
Despite the consistent upward trend, the performance fell short of market expectations. Analysts surveyed by Reuters had anticipated a more aggressive growth rate of 20.1%.
The trade landscape was further complicated by import figures, which climbed 18.9% during the same period. This surge in imports, partially attributed to delays in crude oil shipments caused by rerouting around the Red Sea, contributed to a trade deficit of approximately ¥536.6 billion.
While the semiconductor and automotive sectors provided a strong foundation for export volume, the widening trade gap highlights the ongoing pressure from rising energy costs. The Ministry of Finance data confirms that while the trade deficit is significant, it remains a focal point for economists monitoring Japan’s broader economic recovery.
Reporting by Policy-Wire (PW)
