(MENAFN- Qatar News Agency) Kuwait's trade surplus with Japan narrowed 79.7 percent from a year earlier to JPY 14.6 billion about (USD 122 million) in September, shrinking for the fourth month, as exports marked the biggest percentage drop this year, the Finance Ministry said Wednesday.
However, Kuwait maintained black ink with Japan for the 92nd consecutive month, the ministry said in a preliminary report.
Kuwaiti overall exports to Japan fell 59.0 percent year-on-year to JPY 38.2 billion about (USD 318 million) for the fourth straight monthly fall, while imports from Japan grew 11.7 percent to JPY 23.5 billion about (USD 196 million), up for the fourth month, Kuwait News Agency (KUNA) reported.
Middle East's trade surplus with Japan also shrank 54.2 percent to JPY 468.0 billion about (USD 3.9 billion) last month, with Japan-bound exports from the region tumbling 43.0 percent from a year earlier.
Crude oil, refined products, liquefied natural gas (LNG) and other natural resources, which accounted for 95.7 percent of the region's total exports to Japan, declined 44.0 percent. The region's overall imports from Japan went down 1.8 percent, partly due to weak shipments of machinery and steel.
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