Business

Japan cuts Russian oil, oil product imports by 59.9% in H1

Coal supply from nation in conflict drops 45.6%, grain supply drops 70.5% in same period

Updated 3 years ago · Published on 20 Oct 2022 1:02PM

Japan cuts Russian oil, oil product imports by 59.9% in H1
Japan has ceased from importing Russian oil in September and decreased imports of oil and oil products from Russia by 59.9% in the first half of the fiscal year 2022, says the Japanese Finance Ministry. – Pixabay pic, October 20, 2022

TOKYO – Japan did not import Russian oil in September and decreased imports of oil and oil products from Russia by 59.9% in the first half of the fiscal year 2022, the data of the Japanese Finance Ministry showed today.

Sputnik reported the imports of Russian coal to Japan fell by 82% in September and by 45.6% in the first half of the fiscal year 2022.

Tokyo cut the imports of Russian liquefied natural gas (LNG) by 10.7%. However, the imports of LNG rose 2.2% in the first half of the fiscal year 2022.

Japan also cut imports of Russian grains by 81.9% in September and by 70.5% in the first half of the fiscal year 2022.

Japan’s imports of vegetables from Russia decreased by 76.7% in September but increased by 10.3% in the first half of the fiscal year 2022. Tokyo’s imports of Russian meat products were up 300% in the first half of this fiscal year, although there were no imports of meat in September. Imports of Russian fruits to Japan grew by 912.8% in the first half of the fiscal year 2022.

Japan increased the exports of medical products to Russia by 578.2% in September and by 258.6% in the first half of this fiscal year. The exports of computers to Russia rose 124.3% in September but decreased by 38.8% in the first half of the fiscal year 2022.

There was an increase in Japan’s exports of cars (21.7%), motorcycles (14.6%), and spare parts for them (76.6%) in the first half of this fiscal year.

Japan’s overall imports from Russia in September fell by 6.5%, while exports decreased by 31.4%. In particular, Tokyo’s exports to Russia in September amounted to 46.7 billion yen (US$311.5 million), and imports were 128.4 billion yen (US$856.4 million).

In the first half of the fiscal year 2022, Japan’s overall exports to Russia decreased by 46.9%, and imports rose by 36%. Tokyo’s exports to Russia were 232.4 billion yen (US$1.55 billion), and the imports amounted to 982.3 billion yen (US$6.55 billion). – Bernama, October 20, 2022

Related News

Malaysia / 1w

PM: Students abroad should gain positive values ​​from the local community

Malaysia / 1w

Malaysia's oil supply still sufficient - Amir Hamzah

LENS: KL / 1mth

Russian Embassy in Kuala Lumpur holds special May Day remembrance

Malaysia / 1mth

PM Anwar instructs MetMalaysia to expedite cloud seeding in Kedah, Perlis

Sports & Fitness / 1mth

Thomas Cup: A boost for Zii Jia despite Malaysia losing to Japan

Sports & Fitness / 1mth

Thomas Cup 2026: Japan defeat Malaysia 3-2 to top Group B

Spotlight

Malaysia

All eyes on Conference of Rulers and Negeri Sembilan

World

Boeing staff among eight dead in US B-52 bomber crash in California

Malaysia

‘Our struggle has never been just about winning elections’ – PM Anwar

People

'Grandpa thought grandma was just sleeping' (video)

Malaysia

Minister: Sarawak made right decision to reject entry of Rohingya refugees in 2017

Malaysia

Island, helicopter, luxury yachts among assets to be auctioned at insolvency carnival

Malaysia

Killing, burning pregnant girlfriend; Prosecution requests death penalty to be upheld

Education

No vernacular schools will be closed, assures government

You may be interested

Business

Markets rally as US-Iran peace framework triggers oil sell-off and weakens dollar

Business

Dollar slides as US-Iran peace breakthrough sparks global risk rally