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Trade at Iran's Bazargan border crossing has surged, with exports up 29% to $1.1 billion in the first five months of the Iranian year. Imports also rose 15%, and transit activity increased 22%, highlighting the crossing's key role in regional trade.
Japan's current account surplus hit ¥3.91 trillion (US$25.7 billion) in April, driven by stable exports and rising returns from overseas investments, according to the Ministry of Finance. The positive balance reflects Japan's economic recovery and a weaker yen boosting export value.
South Korea’s finance minister has vowed to turn cosmetics into a key export sector, riding on the global popularity of K-beauty. This move aims to diversify the economy and bolster exports.
Toyota's car exports from Japan to the Middle East fell 91.7% year-on-year in April to just 2,418 units, as regional conflicts disrupted trade flows. The decline highlights the severe impact of geopolitical tensions on Japanese automakers.
Iran’s agriculture minister has declared that the country is making significant progress in broadening sustainable food security. The official cited government policies and support programs as key drivers of improved food supply, while underscoring a dual focus on production increases and sustainability. The announcement comes amid Iran’s efforts to counter international sanctions and stabilize domestic food supplies, with export expansion also on the agenda.
South Korea's cosmetic trade surplus surpassed $10 billion for the first time in 2025, driven by strong export growth. The milestone underscores the global rise of K-beauty, supported by the Hallyu wave and demand for natural, high-quality products.
Japan posted a trade surplus of ¥301.9 billion (about $1.9 billion) in April, government data showed Thursday. The surplus signals improving international trade activity, though no specific drivers were detailed.
Japan's economy grew 2.1% annualized in the first quarter of 2026, marking the second straight quarter of expansion, driven by a recovery in exports and personal consumption. However, economists warn that the full impact of the Middle East conflict, particularly higher energy prices, may affect the second quarter.
Japan's real GDP grew an annualized 2.1% in Q1 2026, topping market expectations of 1.5% and signaling a robust recovery. Consumer spending and exports drove growth, though higher imports also pointed to strong domestic demand.
