Nearly 50% of China's Semiconductor Manufacturing Equipment Is Imported from Japan in 2017
On January 24, the trade statistics released by the Ministry of Finance of Japan shows that Japan's exports in 2017 increased by 11.8%, reaching 78.2897 trillion yen. An increase in 2 years. Semiconductor manufacturing equipment such as liquid crystal devices for smartphones for the Asian markets including China has grown substantially. In terms of annual exports, both China and the Asian markets including China have hit a record high. Japan's trade balance in fiscal 2017 decreased by 25.1% to 2.991 trillion yen, achieving a surplus for two consecutive years, but the trade balance narrows. Exports to Asia, including China, increased 15.7% to 42.9252 trillion yen. Among them, exports to China increased by 20.5% to 14.8914 trillion yen, ensuring double-digit growth. The semiconductor manufacturing equipment that plays a leading role has boosted exports to Asia by over 30% and exports to China by nearly 50%. Data also show that Japan's exports to the United States increased by 6.8% to 15.111 trillion yen, an increase in two years. Large vehicles export grew. Driven by the growth of automobile exports, exports to the EU increased by 8.5% to 8.6572 trillion yen. Japan's total imports in 2017 increased by 14% to 75.2986 trillion yen, an increase in 3 years. As crude oil prices rose, crude oil imports rose 29.3%, an increase in 4 years, pushing up the overall import volume.