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Trade turnover between Russia and Japan up 10% in 11M 2022 – statistics

According to the trade statistics of the Ministry of Finance of Japan, the main factor in the growth of trade turnover was the global increase in energy prices

TOKYO, January 2. /TASS/. The trade turnover between Russia and Japan surged by 10% year-on-year over eleven months of 2022 to 2.365 trillion yen (about $18 bln at the current exchange rate), according to TASS estimates based on the trade statistics released by the Japan’s Ministry of Finance.

A global rise in energy prices has become the main growth driver for the trade turnover. As a result, Japan’s imports from Russia soared by 35% to 1.82 trillion yen (about $13.89 bln). Russia is one of main suppliers of liquefied natural gas to Japan and accounts for about 9% in total Japanese imports of this energy resource.

Exports to Russia fell by 30.7% to about 540 bln yen or approximately $4.14 bln at the current exchange rate.

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