2023-10-19 05:28:42
Japan recorded a trade surplus of 62,442 million yen (about $416.9 million) in September., as reported today by the Government. The positive balance contrasts with the deficit of 937.802 million yen in August and the negative balance of 2.1 trillion yen in September 2022, according to data published by the Ministry of Finance.
Japanese exports grew 4.3% year-on-year last month, up to 9.2 trillion yen, while Imports decreased by 16.3%up to 9.1 trillion yen.
By country, Japan registered with China, its largest trading partner, a deficit of 570,957 million yen, which is 1.3% less than that obtained a year earlier. With the world’s leading economy and its second trading partner, the United States, the Asian country obtained a surplus of 955,073 million yen, which represents an increase of 58.1% year-on-year. With the European Union, its third trading partner, Japan registered a deficit of 17,921 million yen, 90.3% lower than that recorded in September 2022. With Brazil, the Asian country widened its deficit by 0.5%, to 89,407 million yen, while in the case of the negative balance with Chile it increased by 23.1%, up to 62,539 million yen. Japan achieved, on the other hand, a trade surplus with Mexico worth 110,181 million yen, 37.7% more than last year.
The Japanese Ministry of Finance also published this Thursday the trade balance report for the first half of the Japanese fiscal year, which runs between April and September. In this period, Japan registered a trade deficit of 2.7 trillion yen, down 75.1% than in the same semester of 2022.
This was mainly motivated by the cut in imports in those months, of 12.4% year-on-year, after the large increase experienced in the years influenced by the covid pandemic and coinciding with a lowering of the yen that has been weighing down the country’s finances. , highly dependent on certain purchases.
Japanese imports between April and September 2023 totaled 52.96 trillion yen, while exports stood at 50.24 trillion yen, an increase of 1.4%.
#Japan #recovers #million #trade #surplus #September