Japan’s exports growth in the final month of 2025 missed analysts’ estimates, rising 5.1% year on year, as shipments to the U.S. saw a double-digit decline.
Reuters-polled analysts had estimated exports growth would remain unchanged from November at 6.1%.
Japanese exports growth mostly fell during the first of of 2025, hit by tariff worries, but saw a rebound toward the end of the year after a trade deal with the U.S. was announced that saw duties slashed to 15%.
Exports to the U.S. in December fell 11.1%, having jumped 8.8% in the prior month.
Imports in December rose 5.1% year on year, jumping sharply from the 1.3% rise seen in November, and beating Reuters estimates of a 3.6% rise.
