新加坡元/日元 (SGDJPY) 加自选

新加坡6月出口激增，在全球贸易风险中超出预期。尽管数据乐观，第二季度GDP增长4.3%强于预期，但贸易部长甘金勇警告称，美国关税上升和前期负担效应减弱可能会对未来几个月的增长造成压力。新加坡迄今为止避免了美国新的关税上调，但仍需缴纳4月份引入的10%的基准关税。

Singapore's exports surge in June, beating expectations amid global trade risks.Despite the upbeat data and stronger-than-expected 4.3% GDP growth in Q2, Trade Minister Gan Kim Yong warned that rising U.S. tariffs and fading front-loading effects could weigh on growth in the coming months. Singapore has so far avoided new U.S. tariff hikes but remains subject to a 10% baseline duty introduced in April.

2025年6月，日本进口额同比增长0.2%，达到90095亿日元，这是三个月来的首次增长，超过了市场预测的1.6%的下降，这得益于东京努力提振家庭和企业的国内需求。来自中国的进口增长了5.3%，而来自东盟国家和欧盟的采购分别增长了3.5%和14.7%。相比之下，来自美国（-2.0%）、俄罗斯（-33.8%）和中东（-21.2%）的进口有所下降。

Japan’s imports edged up 0.2% year-on-year to JPY 9,009.5 billion in June 2025, marking the first increase in three months and surpassing market forecasts of a 1.6% drop, supported by Tokyo’s efforts to boost domestic demand from households and businesses. Imports from China rose 5.3%, while purchases from ASEAN countries and the EU increased by 3.5% and 14.7%, respectively. In contrast, imports shrank from the U.S. (-2.0%), Russia (-33.8%), and the Middle East (-21.2%).

2025年6月，日本出口同比下降0.5%，至91626亿日元，这是连续第二个月下降，低于市场对0.5%增长的预期，因为美国关税的上升对外国需求造成了压力。对美国的出货量下降了11.4%，这是连续第三个月出现收缩。与此同时，对中国的出口下降了4.7%。相比之下，对欧盟（3.6%）、俄罗斯（19.2%）和东盟国家（4.9%）的销售额有所上升。

Japan's exports shrank 0.5% yoy to JPY 9,162.6 billion in June 2025, marking the second consecutive monthly drop and missing market estimates for a 0.5% growth, as rising U.S. tariffs weighed on foreign demand. Shipments to the U.S. tumbled 11.4%, the third straight monthly contraction. Meanwhile, exports to China dipped 4.7%. In contrast, sales rose to the EU (3.6%), Russia (19.2%), and ASEAN countries (4.9%).

2025年6月，日本贸易顺差从一年前的2213亿日元收窄至1531亿日元，低于市场对3539亿日元顺差的预期。出口同比下降0.5%，至91626亿日元，这是连续第二个月下降，低于0.5%的增长预期，因为美国关税的上升对海外需求造成了压力。与此同时，进口小幅增长0.2%，至90095亿日元，这是三个月来的首次增长，打破了1.6%的下降共识，这是由旨在提振家庭和企业国内需求的政府支持措施推动的。

Japan’s trade surplus narrowed to JPY 153.1 billion in June 2025 from JPY 221.3 billion a year earlier, falling short of market expectations for a JPY 353.9 billion surplus. Exports declined 0.5% year-on-year to JPY 9,162.6 billion, marking the second consecutive monthly drop and missing forecasts for a 0.5% gain, as rising U.S. tariffs weighed on overseas demand. Meanwhile, imports edged up 0.2% to JPY 9,009.5 billion, pointing to the first increase in three months and beating the consensus of a 1.6% decline, driven by government support measures aimed at bolstering domestic demand from both households and businesses.