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FINANCIAL NEWS
Japan imports from GCC up by 11% in 2012
28 Feb 2013
(MENAFN) The Japan External Trade Organization (JETRO) stated that the country’s imports from GCC countries rose by 11 percent last year to hit USD157.4 billion, reported Emirates 24/7.
JETRO said that the bulk of the country’s imports from the GCC states, including Kuwait, Saudi Arabia, the UAE, Oman, Bahrain and Qatar, were crude oil and gas.
On the other hand, Japan’s exports to the GCC grew to around USD29.02 billion, compared with nearly USD19.5 billion a year before.
The GCC’s trade surplus with Japan increased to USD132.4 billion last year, from approximately USD122.1 billion in 2011.
It is worth noting that amongst the GCC countries, Saudi Arabia was the largest exporter to Japan, with USD54.9 billion worth of exports, whereas the UAE was the largest importer, with USD8.99 billion worth of purchases.
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