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Japan’s exports in September increased for the seventh straight month, driven by demand for mineral fuels, steel and semiconductor products in major overseas markets, Ministry of Finance data showed Wednesday.
Exports rose 13.0% compared with the same period a year earlier, easing from August’s 26.2% increase. The result was stronger than the 11.0% increase tipped by a FactSet survey of economists.
Asia-bound shipments jumped 21.3%, leading the growth mainly due to demand for steel.
Exports to the U.S. in September fell 3.3% from a year earlier due to low demand for auto- and aircraft-related products.
