Kuwait's Exports to Japan surge 51.3%

Japan's trade deficit with Kuwait widened for the second straight month in December 2009, with exports from Kuwait jumping more than 50% yearـonـyear, the Finance Ministry said.

Kuwait's exports to the world's secondـlargest economy grew 51.3% from a year earlier to US$129.3 million, while imports from Japan shrank 2.6% to US$20.6 million, the ministry said in a preliminary report.

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