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 / 3d

Body found at KLIA2 in tyre storage compartment of aircraft from Japan

Malaysia / 1w

Woman, believed to be foreigner, allegedly causes disturbance at KLIA (video)

Education / 2w

Zambry leads Malaysia delegation to Russia for bilateral cooperation talks

Malaysia / 2w

Malaysian dies while transiting in Bangkok to Japan (video)

Opinion / 2w

Wikipedia has become compromised by intelligence agencies and ideological capture

World / 4w

Why Russia is expanding the Northern Sea Route

Spotlight

Anwar unveils six measures for Malaysians ahead of Merdeka

By Alfian Z.M. Tahir

Malaysia

Xavier Jayakumar warns racial, religious politics could erode Malaysia’s unity

Malaysia

DOE: Close schools, kindergartens if API tops 200

Malaysia

WhatsApp messages help rescue of two brothers lost in Bukit Putus

Malaysia

King grants audience to Anwar, briefed on Merdeka Day preparations

Opinion

Merdeka: This is our Malaysia – and you will not take it from us

By Vinod Sekhar

World

Covid-19 fears return in South Korea as mask, test kit sales surge

World

91 Malaysians still unaccounted for after Nepal-China floods

You may be interested

Business

Property developer, Matrix Concepts sets RM1.8b FY2027 sales target

Business

Oil prices fall as Hormuz reopening hopes offset Iran tensions