August 12, 2020

Japan reduced its trade balance deficit by 7.4% in January



Japan last January recorded a trade deficit of 1.31 billion yen (11.060 million euros / 11.940 million dollars), 7.4% lower than the negative result of its trade balance recorded in the same month of 2019, reported today Wednesday the Ministry of Finance.

Exports had a year-on-year decrease of 2.6%, to 5.43 trillion yen (45.750 million euros / 49.396 million dollars), and imports were reduced by 3.6%, to 6.74 trillion yen (56,810 million euros / 61,340 million dollars).

Last January, China remained as Japan’s main trading partner, although exports had a year-on-year decline of 6.4% and imports fell 5.7%, according to data from the Ministry of Finance, still provisional.

Japan recorded in the first month of the year a trade deficit with China of 838,534 million yen (7,065 million euros / 7,629 million dollars), 4.8% lower than the negative balance recorded in the same month of 2019.

It is expected that in February the data of the commercial exchange with China will register the impact of the production problems that the country has had after the international alarm began to emerge from the outbreak of coronavirus in the city of Wuhan towards January 20.

With the United States, Japan’s second trading partner, Japanese exports fell 7.7% in January and imports decreased 11.5%.

Japan last month had a trade surplus with the United States of 369,226 million yen (3,111 million euros / 3,359 million dollars), 0.3% more than the one recorded in the same month of 2019.

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