Japan It recorded a trade surplus of 62,442 million yen (about $416.9 million) in September.As reported by the Government today. The positive balance contrasts with a deficit of 937.802 million yen in August and a negative balance of 2.1 trillion yen in September 2022, according to data released by the Ministry of Finance.
Japan’s exports increased by 4.3% annually rose to 9.2 trillion yen last month Imports decreased by 16.3 percentUp to 9.1 trillion yen.
By country, Japan had a deficit of 570,957 million yen to China, its largest trading partner; this is 1.3% less than the previous year. With the United States, the world’s leading economy and second trading partner, the Asian country achieved a surplus of 955,073 million yen, an increase of 58.1% year on year. Japan, together with its third trading partner, the European Union, recorded a deficit of 17 billion 921 million yen, a deficit that was 90.3% lower than in September 2022. The Asian country widened its deficit with Brazil by 0.5% to 89 billion 407 million yen. In the case of a negative balance with Chile, this figure increased by 23.1% to 62,539 million yen. On the other hand, Japan achieved a trade surplus with Mexico worth 110 billion 181 million yen, an increase of 37.7% compared to last year.
The Japanese Ministry of Finance also published this Thursday its trade balance report for the first half of the Japanese fiscal year between April and September. During this period, Japan was registered. Trade deficit fell 75.1% to 2.7 trillion yen Compared to the same period in 2022.
This was mainly due to the fact that imports decreased by 12.4% on an annual basis in those months, following a large increase in the years affected by the covid epidemic and coinciding with the decline in the yen, which negatively affected the country’s economy. finances are highly dependent on specific purchases.
Between April and September 2023, Japan’s imports totaled 52.96 trillion yen, while exports increased by 1.4% to 50.24 trillion yen.