Japan-China Trade in 2010 Exceeds US$300 Billion to Set New Record

Tokyo, Feb 23, 2011 - (JCN Newswire) - According to a report released on February 17th, 2011 by the Japan External Trade Organization (JETRO), Japan's total trade with China (imports and exports combined) rose 30.0% year-on-year to US$301.9 billion in 2010, exceeding US$300 billion and setting a new (year-on-year) record. Japan's exports to China rose 36.0% to US$149.1 billion, while Japan's imports from China rose 24.7 % to US$152.8 billion. The increase in Japan's exports to China exceeded that of Japan's imports from China for the fifth straight year in 2010. (In 2009, the decrease in Japan's exports was lower than that of imports). Japan's trade with China posted a US$3.7 billion deficit, marking the first time for the figure to fall below the US$10 billion mark since 1994, when the figure was US$8.88 billion. Overview of Japan-China Trade in 2010