It increased 0.8% year-on-year to 1.75 trillion former (approximately 38 trillion yen). Of this, exports increased 1% year-on-year to 706.21 billion former (approximately 15.45 trillion yen), and imports increased 0.6% year-on-year to 1.4 trillion former.
The total amount of exports and imports in May alone increased 3.6% from the same month last year to 360.28 billion former (approximately 7.9 trillion yen).
In terms of trade partners, the European Union (EU), ASEAN, and the United States rank high.
The value of exports and imports with the country increased by 2.1% from the same period last year, setting a new record high. Among export items, ships showed a high growth rate, increasing 109.3% year-on-year to 27.33 billion former (approximately 59.8 billion yen).
Meanwhile, the top import item was integrated circuits, which increased 6.4% year-on-year to 107.21 billion yen (2.35 trillion yen).
On the 20th, Shanghai Customs announced 36 measures to promote the smooth flow of foreign trade.
The government has cited the facilitation of business processing and the improvement of supervision and management services as some of the measures. If a company applies and meets the conditions, the period for applying for immunity permission will be shortened by 70%.
2024/06/21 16:06 KST
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