Japan's Trade Deficit with Kuwait

Japan's trade deficit with Kuwait widened for the first time in 13 months in November 2009, with both exports and imports expanding, the Finance Ministry said . Exports to Japan rose 10.8% yearـonـyear toUS$94.3 million while imports from Japan also jumped 17.1% to US$17.8 million, the ministry said in a preliminary report.

As a result, Japan's trade deficit with Kuwait grew 9.5% in November 2009 to US$76.7 million from a year earlier, posting the first rise since October 2008 and the red ink figure for the 22nd straight month.

Japan is Kuwait's top oil buyer with accounting for 20% of its total crude exports, while the nation is the thirdـbiggest exporter to Kuwait after the US and Germany. - AlWatan