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Japan’s exports rebounded in September, led by growth in shipments of autos and auto parts, data from the Ministry of Finance showed Thursday.
Exports rose 4.3% from a year earlier, reversing from the decline in July and August. Economists polled by data provider FactSet had expected exports to rise 4.5%.
Exports to the U.S. and the EU led growth in regional destinations, rising by 13.0% and 12.9%, respectively. The increase was driven by shipments of products such as cars and steel.
However, lower shipments of semiconductors contributed to a decline in exports to China and Asia, which fell by 6.2% and 4.3%, respectively.
Imports fell 16.3%, mainly due to lower demand for products such as crude oil and liquefied natural gas.
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