Posts Tagged ‘Business’

China becomes Japan’s biggest trading partner

29 February, 2008

Smogging it up

China now accounts for 17.7 per cent of Japan’s total trade, overtaking the United States to become its biggest trading partner.

Exports to China rose to US$109.1 billion in 2007, boosted by strong demand for cars and electronics. Meanwhile, imports from China amounted to US$127.6 billion, leaving the overall trade deficit at US$18.6 billion – a reduction of 27.9 per cent on 2006’s trade deficit figures.

Full story from the IHT: “China overtook US as Japan’s largest trading partner in 2007