Japan’s exports rose for a ninth straight month in May, driven by strong semiconductor demand. Total exports by value rose 17% year-on-year in May, outpacing a median market forecast for a 16.2% increase and following a 14.8% rise in April.

Export Growth

Exports to the United States rose 12.5% in May from a year earlier, while those to China were up 17.9%. The data underscores the resilience of Japan’s exports, which have been supported by steady global demand for semiconductor-related goods.

Exports of chip-making equipment and electronic components remained firm, reflecting sustained investment in advanced technologies such as artificial intelligence and data centres. Imports grew 12.5% in May from a year earlier, compared with market forecasts for a 12.8% increase.

Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.