Affected by the earthquake Japan's auto exports fell for the first time in 16 months in March

Japan’s Ministry of Finance recently stated that due to the earthquake, Japanese auto exports in March 2011 have declined for the first time since 16 months.

Data show that in March Japan's auto exports fell by 27.8%, of which the number of cars exported to the United States fell by 27.2%, while the number of exports to the Asian region fell by 23.4%, usually Japan’s auto exports accounted for 10% of the country’s total exports. %.

It is understood that the 3.11 earthquake in Japan affected the production of Japanese auto factories and the operation of ports. Toyota, Nissan, and Honda, the three major automakers in Japan, were caught in a situation of suspension of production and production cuts due to the supply of spare parts.

Hiroshi Watanabe, an economist at Daiwa Research Institute, said: “This is a very frustrating situation for automakers and other manufacturers. Although they have high overseas demand, they cannot produce enough products.”