24 Hrs
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الاقتصادية
Chips Propel Japan's Export Rise
Japan's export growth reached its highest level since 2022, with a 23.2% year-on-year increase recorded in July. This boost was driven by strong demand for electronic chips and automobiles, along with the yen dropping to its lowest level in 40 years, which enhanced the international competitiveness of Japanese products. Data showed a significant rise in the export of semiconductor manufacturing equipment and components, with shipments to the United States, China, and Europe increasing notably. Additionally, vehicle exports grew by 21%. However, imports surged even more sharply, increasing by 27.8%, leading to Japan's trade deficit expanding for the third consecutive month. This was due to the decline in the yen's value and changes in energy import patterns caused by escalating tensions with Iran, with oil imports increasing by approximately 88%. Uncertainty surrounding negotiations to resolve disputes in the Strait of Hormuz remains ongoing.
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