Japanese Auto Exports to Middle East Drop Sharply in April Due to War-Related Shipping Disruptions
Japanese vehicle exports to the Middle East fell by over 90% year-on-year in April, according to government data. The decline is attributed to shipping disruptions caused by the U.S.-Israeli war on Iran and the closure of the Strait of Hormuz. This region accounts for about 14% of Japan's global motor vehicle exports.
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Topics: automotive geopolitical conflict international trade