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

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