Center

China demand boosts Japan's export growth

(chinadaily.com.cn)
Updated: 2007-06-21 11:24

Shipments of cars and electronics to China and the European Union buoyed Japan's export growth, which almost doubled in May.

Related readings:  China becomes Japan's top trade partner  Mixed feelings over buying Japanese products  Honda to up China-made vehicle exports

Japan's exports rose 15.1 percent from a year earlier, compared with 8.2 percent in April, the Japanese Ministry of Finance said today in Tokyo.

"Exports overall continue to be solid, carried by increased shipments to Asia and Europe," said Junko Nishioka, an economist at ABN Amro Securities Japan Ltd.

In May, shipments from Japan to China climbed 24.5 percent, the quickest rate in four months, to 1.03 trillion yen (US$8.33 billion).

Honda Motor Co's sales in China surged 33 percent in May, led by a fivefold increase in demand for its Civic compact car. The Tokyo-based automaker's sales in China are up 39 percent this year.