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708-Chaudhari Technical Institute, Gandhinagar - Gujarat ...

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(2) TRENDS IN FOREIGN TRADE<br />

Trade statistics showed that Japan's trade surplus considerably decreased in<br />

2008 and slightly increased in 2009. In 2008, Japan's imports dramatically<br />

increased due to a sharp rise in the price of crude oil, thus decreasing our<br />

trade surplus to ¥2.06 trillion. In 2009, Japan's exports and imports drastically<br />

decreased due to the world economic crisis. A decrease in imports slightly<br />

exceeded that of exports. As a result, the total trade surplus increased slightly<br />

to ¥2.67 trillion (an increase of ¥0.61 trillion from 2008).<br />

The total value of exports from Japan in 2009 amounted to ¥54.17 trillion (a<br />

decrease of 33.1% from 2008)<br />

-Regional trends in the total value of exports in 2009 (compared to 2008)<br />

China down by 21.0%<br />

NIEs(inc. Korea; Singapore; Hong Kong, China; and Chinese Taipei) down by<br />

28.9%<br />

Association of South East Asian Nations down by 30.1%<br />

United States down by 38.6%<br />

European Union (EU) down by 41.0%<br />

Middle East down by 42.6%<br />

The total value of imports to Japan in 2009 amounted to ¥51.49 trillion (a<br />

decrease of 34.8% from 2008)<br />

-Regional trends in the total value of imports in 2009 (compared to 2008)<br />

China down by 22.9%<br />

European Union (EU) down by 24.3%<br />

67

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