Japan noted trade deficit 432,413 million yen (about 2,900 million euros) in April, almost half compared to the same month of the previous year, as reported by the Japanese Government today. The April deficit is 49.4% less than a year ago and 42.7% lower than the negative output recorded in March, according to data released by the Ministry of Finance this Thursday.
In April, exports rose 2.6% year-on-year to 8.29 trillion yen (55,580 million euros) and imports fell 2.3% to 8.72 trillion yen (58,480 million euros).
By country, Japan posted a deficit of 460,879 million yen (3,090 million euros), 168.2% more than it had a negative balance with China, its largest trading partner, a year ago. With the USA, the world’s first economy and second trading partner, the Asian country posted a surplus of 794,830 million yen (5,330 million euros), up 23% year-on-year.
Japan posted a deficit of 72,402 million yen (486 million euros) with its third trading partner, the European Union, which is 62.2% less than in April 2022. The Asian country increased its deficit with Brazil by 22.7% to 56,936 million euros. yen (382 million euro) rose 45.3% to 89,994 million yen (604 million euro) in case of a negative balance with Chile. On the other hand, Japan had a surplus with Mexico of 86,431 million yen (€580 million), 129.6% more than last year.
Source: Informacion
James Sean is a writer for “Social Bites”. He covers a wide range of topics, bringing the latest news and developments to his readers. With a keen sense of what’s important and a passion for writing, James delivers unique and insightful articles that keep his readers informed and engaged.