To use this site, please disable the ad blocking feature and reload the page.
This website uses cookies to collect information about your visit for purposes such as showing you personalized ads and content, and analyzing our website traffic. By clicking “Accept all,” you will allow the use of these cookies.
Users accessing this site from EEA countries and UK are unable to view this site without your consent. We apologize for any inconvenience caused.
TOKYO (Jiji Press) — Japan posted its first trade surplus in 23 months in June, as its imports declined mainly due to year-on-year falls in resources prices, which surged a year before owing to Russia’s invasion of Ukraine, government data showed Thursday.
Japan’s customs-cleared trade surplus in June totaled ¥43 billion, against the year-before deficit of ¥1.375 trillion, the Finance Ministry said in a preliminary report.
The country’s exports rose 1.5% from a year before to ¥8.744 trillion, growing for the 28th straight month to hit a record high for June.
Automobile exports jumped 49.7%, chiefly as shipments to the United States and Europe grew amid the easing of semiconductor shortages.
By contrast, exports of steel products and chip manufacturing equipment fell, mainly reflecting a decrease in demand from the rest of Asia. Overall imports fell 12.9% to ¥8.701 trillion, falling for the third successive month.
Crude oil imports plunged 36.2%, coal imports dived 37.5% and liquefied natural gas imports dropped 33.2%, pulled down by lower prices and falling import volumes.
