Japan's exports hit record high in September

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Japan's exports hit record high in September

[19/10/2023 11:50]

TOKYO-SABA
Japan's exports hit a record in September, rising for the first time in three months as automakers doubled their shipments to the United States and Europe.

Exports recorded a growth of 4.3 percent exceeding market expectations which had predicted an increase of 3.1 percent and a decrease of 0.8 percent in August.

The total cost of the shipments reached 9.2 trillion yen (about $61 billion) with an increase of 2 percent from the earlier record verified in October last year.

Meanwhile imports decreased by 16.3 percent, slightly larger than expected.