Japan's Exports Increased by 7.8% YoY in February

21 March 2024

Japan's trade deficit decreased sharply to JPY 379,358 billion in February 2024 from JPY 928,908 billion in the same period of the prior year, compared with market estimates of a gap of JPY 810.2 billion. Exports rose by 7.8% YoY, the third straight month of growth, to JPY 8,249.21 billion, amid robust demand from the US and China. Meanwhile, imports increased at a softer 0.5%, the first rise in 11 months, to JPY 8,628.57 billion, as domestic demand started to recover.

Source: Trading Economics
Post by: Republic of Türkiye Ministry of Trade