GCTL8.com (FocusAsia Media Ltd)
TOKYO, Mar 17 (FAM) – The total value of trade between Japan and China decreased 0.6% to slightly over US$301.6 billion in 2016, suffering a year-on-year contraction for the second consecutive year, according to a report the Japan External Trade Organization (JETRO) released on March 13.
In breakdown, exports from Japan came back to improve 1.6% to $145 billion. In contrast, imports from China decreased 2.5% to $156.6 billion, as major commodities shrank across the board. However, the range of reduction was much smaller—by 8.8 percentage points—than the 11.3% registered a year earlier.