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[Press Release] - Japan’s trade with the UAE during the year 2011(pdf)

Japan’s bilateral trade with the United Arab Emirates continued to surge through 2011, in spite of the sluggishness in the world economy and the occurrence of earthquake, tsunami and a nuclear disaster in Japan. Value of two-way trade rose by 37.58% to US $ 50.38 billion, compared to US $ 36.62 billion in 2010. Exports to the UAE grew by 1.82% to US $ 7,466.13 million, while imports grew by 46.53% to US $ 42,912.73 million in 2011. The sizable increase in the value of imports was mainly attributed to the surge in the price of crude oils that make the most of Japan’s imports from the UAE.

[Press Release] - Japan – UAE trade during the 1st 6 months of 2011(pdf)

The value of Japan’s bilateral trade with the United Arab Emirates increased by 30.5% to US $ 23.82 billion during the first six months of 2011. This surge in the value of trade can be attributed mainly to the increases in the price and volume of mineral fuels that Japan imported from the UAE, and partly to the appreciation of the Japanese Yen against the US dollars. The value of Japan’s total imports from the UAE increased by 40.8% to US $ 20.65 billion, compared to US $ 14.67 billion during the same period in 2010. However, in terms of Japanese Yen, the increase in imports was only 26.1%, as the value of Japanese Yen appreciated an average 10.4% against the US dollars during the first six months of 2011. The average price of crude oils surged by 33.7% to US $ 106.9 per barrel during the first half of 2011, against US $ 80.0 per barrel during the same period in 2010. Similarly, the volume of crude oil imports rose by 7.3% to 151.2 million barrels, compared to 140.9 million.

[Press Release] - Japan - GCC 2010 (pdf)

The value of Japan’s trade with the GCC countries surged in 2010, driven by strong growth in Japan’s exports and an increase in the price of traditional commodities, such as oil and gas that Japan imports from the GCC countries. The two-way trade between Japan and the GCC grew by 24.7% to US $ 122.4 billion, compared to US $ 98.2 billion in 2009. Exports grew by 14.4% to US $ 20.1 billion and imports by 26.9% to US $ 102.3 billion. Recovery in the GCC economies had been stable in 2010 following their worst performances in 2009. Though a strong growth in demand for motor vehicles, articles of iron and steel, rubber, aluminium and chemicals indicated a revival in the consumer and industrial sectors, the construction and real estate sectors were still in stagnation in 2010. The economic recovery in the GCC in 2010 was reflected in their GDP growth. Qatar led the GCC group in real GDP growth with a growth of 16.3%. Oman and Bahrain followed with 4.2% and 4.1% respectively. GDP of Saudi Arabia grew by 3.7%, and for the UAE, the growth was 3.2%. The lowest growth was registered in Kuwait at 2.0%

[Press Release] - Japan - UAE 2010 (pdf)

Japan’s bilateral trade with the United Arab Emirates witnessed a major consolidation in 2010 after an year of sluggishness caused by the global financial crisis. The value of Japan’s trade with the UAE increased by 25.38%, to US $ 36.62 billion in 2010, compared to US $ 29.21 billion in 2009. Though this increase was mainly attributed to an increase in the average price of crude oils that Japan imported from the UAE in 2010, a surge in Japan’s exports to the UAE has greatly contributed to the trade growth. UAE was the 11th largest trading partner of Japan in 2010, with a share of 2.50% of Japan’s total world trade.

[Press Release] - Japan - GCC 2009 - 2010 (pdf)

The bilateral trade between Japan and the six Arab Gulf Cooperation Council (AGCC) countries declined by 40.6 per cent in 2009 to US $ 98.3 billion, compared to 171.7 billion in 2008. While Japan’s imports from the GCC shrank by 44.02% to US $ 80.72 billion, her exports contracted by 36.28% to US $ 17.56 billion. This decline in the trade value is attributed mainly to the decline in the price of crude oils - which fell by an average 40.5% in 2009, and partly to the economic recession that followed the global financial crisis. The value of crude oil imports from GCC to Japan covered 63.3% (or US $ 62.25 billion) of the total value of trade between the two sides. In spite of a steep fall in price, the volume of crude oil imports to Japan had also declined nearly by 9 per cent, indicting the economic slowdown in Japan. Japan’s trade with all GCC countries have declined in varying degrees during 2009. While UAE-Japan trade declined by 51.09 per cent, trade with Saudi Arabia declined by 40.65 per cent.

[Press Release] - Japan - UAE 2009 (pdf)

The two-way trade between Japan and the UAE recovered during the first quarter of 2010 with a 12.8% rise in Japan’s exports to and a 55.4% increase in imports from the UAE. Considerable increase in Japan’s export to the UAE of passenger motor cars, consumer durable goods, metals and electrical equipment have been recorded during the 1st three months of 2010. Similarly, Japan’s increased imports of industrial supplies – mostly of mineral fuels and metals - have also lead to the growth in the bilateral trade.

[Press Release] - Japan - GCC 2008 (pdf)

Japan’s trade with the Arab Gulf Co-operation Council (AGCC) countries surged by 43.1% during the year 2008 to US $ 171.7 billion, against US $ 120.0 billion in 2007. Japan’s exports to the 6-nation GCC block increased by 28.4% to US $ 27.6 billion, and imports from the GCC by 46.3% to US $ 144.2 billion. Though the steep increase in the price of crude oils during the first half of 2008 had a major impact on the trade value, the global economic slowdown of 2008 did not appear to have any effect on the bilateral trade. The oil boom-backed economic expansion in the Gulf countries continued to support increased Japanese exports to these countries when the world was facing a financial crisis in 2008. The expansionary trend in the bilateral trade continued until the end of the 3rd quarter of 2008, and it was only in the 4th quarter some symptoms of a slow down started to emerge in the Japan-GCC trade.

[Press Release] - Japan - UAE 2008 (pdf)

The value of Japan’s exports to the United Arab Emirates (UAE) reached a new height in 2008, fuelled by increased exports of machinery and equipment. Exports reached US $ 10.79 billion, an increase of 34% compared to US $ 8.05 billion in 2007. Japan’s bilateral trade with the UAE surged by 41.8% to US $ 57.2 billion in 2008, compared to US $ 40.3 billion in 2007. Japan’s crude oil imports from the UAE dominated the bilateral trade, with a coverage of around 67% in the total trade. In the backdrop of a decrease in the volume of crude oils that Japan imported from UAE in 2008, the rise in the price of this commodity had a relatively higher effect on the trade value. Japan-UAE bilateral trade in the last ten years, with the exception of one or two years after the turn of the century, saw a tremendous upsurge. Following illustration shows that Japan’s trade with the UAE has increased more than 5 times during the past ten years.

[Press Release] - Japan - GCC First Half of 2007 (pdf)

Japan’s exports to the GCC countries surged by 36% to US $ 9,663.90 million during the first six months of 2007. This spectacular increase in the Japanese exports highlight the rapid economic growth the Gulf nations are witnessing, with the support of the oil boon. Japan’s imports from the GCC countries were valued at US $ 44,645.17 million during the first half of 2007. The value of two-way trade was thus posted at US $ 54,309.07 million.

[Press Release] - Japan - UAE 2007 (pdf)

Japan’s exports to the United Arab Emirates surpassed the US $ 8 billion mark for the first time, in 2007. Exports rose by 33.1% to 8,052.66 million in 2007, compared to US $ 6,050.10 million in 2006. A remarkable increase in the demand for machinery and equipment in the UAE could be seen as a major reason for this surge in exports.

[Press Release] - Japan - GCC 2006 (pdf)

Japan’s trade with the Arab Gulf Cooperation Council(AGCC) countries surged by 26.0% in 2006 to US $ 111.5 billion, from US $ 88.5 billion in 2005. Japan’s import of mineral fuels from the 6-nation block constituted 85.0% of the total bilateral trade. Exchange of manufactured products including machinery and equipment, chemicals, textiles etc. constituted 13.7%, and foodstuff, raw materials and other commodities, including re-export goods covered the remaining 1.3%. Though the increase in the average price of crude oil in 2006 by more than 25% had greatly contributed to the steep increase in the total trade value, the general increase in Japan’s exports to the GCC countries is indicative of the strengthening of bilateral trade between Japan and the GCC block.

[Press Release] - Japan - GCC First Half of 2006 (pdf)

According to JETRO statistics made available recently, Japan’s trade with the AGCC countries surged by 39.0% during the first six months of 2006. Total trade with the 6-nation GCC block stood at US $ 53.5 billion during the January-June period of the current year, compared to US $ 38.6 billion during the same period in 2005. Exports made an impressive 17.6% growth during the six months period in 2006 to US $ 7.1 billion compared to 6.0 billion during the same period in 2005. The increased activities of Japanese companies, combined with a boost in the Gulf economies are attributed to this growth in Japan’s exports to the region.

[Press Release] - Japan - UAE 2006 (pdf)

The value of Japan - UAE bilateral trade increased by 24.8% to US $ 37.64 billion in 2006. Mineral fuels, including crude oils & petroleum gases, as well as machinery & equipment, dominated the two way trade with mineral fuels alone covering 83% of the total trade. The ratio of Japan-UAE trade, in
comparison with Japan’s world trade, was raised to 3.06% in 2006, compared to 2.61% in 2005, an increase by 17.24%. Japan’s world trade reached US $ 1.23 trillion in 2006, compared to US $ 1.12 trillion in 2005. The United Arab Emirates ranked 4th among Japan’s majors suppliers, and, 22nd among major buyers, in 2006. The United States of America remained to be Japan’s largest business partner in 2006 with a bilateral trade valued at US $ 213.7 billion, followed by China with a value of US $ 211.4 billion.

[Press Release] - Japan - GCC 2005 (pdf)

Japan’s trade with the Arab Gulf Cooperation Council (AGCC) countries surged by 39.10% in 2005 to 88.54 billion US Dollars, from US $ 63.65 billion in 2004. Increase in the price of crude oils that Japan imports from the GCC countries, economic expansion in the GCC countries and a moderate recovery in Japan’s economy itself are attributed to this surge in bilateral trade.

[Press Release] - Japan - GCC 2004 (pdf)

According to JETRO statistics, which was made available recently, Japan’s bilateral trade with the 6-nation GCC block surged more than 20.0% to US $63,651.60 million during the year 2004, compared to US $ 52,627 million in 2003. Exports surged by 11.72% to US $ 11,354.64 million and imports by 23.16% to US $ 52,297.01 million. This surge in trade between Japan and GCC countries is comparable to the surge in Japan’s trade with the world over, during the year 2004. Japan had a record setting performance in her global trade in 2004, which surpassed the 1 trillion dollar mark in value for the first time.

[Press Release] - Japan - UAE 2004 (pdf)

According to data compiled by JETRO on Japan’s trade with other countries for the year 2004, Japan – UAE bilateral trade surged by 28.09% to US$ 22.9 billion during the year 2004, compared to 17.8 billion during the year 2003. Exports grew by 27.14% to US$ 4.6 billion and imports by 28.33% to US$ 18.3 billion. UAE had been enjoying comfortable trade surpluses for years, due to its supply of mineral fuels to Japan. Attributed mainly to the surge in crude oil prices, UAE had increased her trade surplus with Japan by 28.73% to US$ 13.71 billion in 2004.