Gulf Countries $2.5B Japan Trade Surplus
Trade between five Gulf countries (Saudi Arabia, the UAE, Qatar, Kuwait, and Oman) and Japan experienced a decline of 3.68% in June 2026 compared to the same month in 2025. The trade surplus amounted to $2.49 billion, down from $2.61 billion, with exports slightly increasing from May. The report indicated that Gulf countries imported goods worth $1.90 billion from Japan and exported approximately $4.39 billion to it, showing varied performance among the countries. Oman saw an 82% rise in its exports, while Kuwait and Qatar experienced declines of over 80%. Overall, the Middle East's trade surplus with Japan decreased by 3.40% to $2.27 billion, amid a 25.4% increase in Japanese imports. Data suggests that Japan's trade balance turned into a deficit in June 2026, with imports rising by 25.4% despite an increase in exports.
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