The volume of Japanese export in value terms in July 2015 increased by 7.6% compared with the same month of the previous year, according to the published on Wednesday official data.
Thus, export growth slowed down compared with June's 9.5%.
At the same time, the index exceeded the expectations of analysts polled by Bloomberg, who had forecasted a rise in exports last month approximately by 5.2%. Real exports fell 0.7%.
The volume of Japanese imports in July fell 3.2% after falling 2.9% a month earlier. Experts in general expected a more significant decline – something by 8.2%. Reducing imports attracts in the first place the lower prices for oil and gas.
The negative balance of Japanese foreign trade in July totaled 268.1 billion yen ($ 2.2 billion). The average forecast of experts for this indicator implies a deficit at the level of 53 billion yen.
Exports from Japan to China in terms of value increased by 4.2% and decreased by 1.3% in real terms.
The deterioration of the situation in China, which accounts for about 20% of Japan's exports and imports, has a negative impact on the Japanese economy and, according to experts, is one of the reasons for the Japanese GDP decline in the second quarter of 2015.
The volume of Japanese exports to the US in July rose 18.8%, and in the EU by 10%.
The "index of activity in all industries of the Japanese economy” for the last month rose less than expected. This is confirmed by the official data released on Wednesday. According to the report prepared by the Ministry of Economy, Trade and Industry of Japan (METI), the indicator was 0.3% compared with -0.5% in the previous month. The experts expected the growth of rate for the last month by 0.4%.
The "Japan's trade surplus" indicator for the last month decreased contrary to expectations, according to official data released Tuesday. According to the report prepared by the Ministry of Finance of Japan, this indicator was -0,37T compared to -0,28T the previous month. Experts expected the growth of this figure for the last month to -0,16T.