Japan recorded a trade surplus 62.1 billion yen (approx. $417 million in December 2023)The Japanese Government announced this on Wednesday. The positive balance contrasts with the deficit of 776.9 billion yen in November, according to data published this Wednesday by Japan’s Ministry of Finance.
In the twelfth month of last year, exports increased by 9.8% annually to 9.64 trillion yen, while imports decreased by 6.8% to 9.58 trillion yen.
By country, Japan had a deficit of 255,687 million yen to China, its largest trading partner; This represents a decrease of 36.7% compared to the negative balance achieved a year ago. With the United States, the world’s leading economy and second trading partner, the Asian country achieved a surplus of 1.06 trillion yen, an annual increase of 66.8%. With the European Union, its third trading partner, Japan had a surplus of 18.83 billion yen.
While the Asian country reduced its trade deficit with Brazil by 13.5% to 96 billion 208 million yen, in the case of a negative balance with Chile, it reduced this deficit by 13% to 45 billion 799 million yen. On the other hand, Japan achieved a trade surplus with Mexico worth 78 billion 538 million yen, which is 5.7% less than in November last year.