Japan's Exports Increased by 8.3% YoY in April

22 May 2024

Japan's trade deficit increased to JPY 462.50 billion in April 2024 from JPY 429.79 billion in the same month of the prior year, more than market estimates of a JPY 339.5 billion shortfall. Exports grew by 8.3% YoY, the fifth straight month of growth, to JPY 8,980.75 billion, largely supported by continued shipments to main trading partners, notably the US and China. Imports also expanded 8.3%, the strongest growth in 14 months to a four-month peak of JPY 9,443.26 billion, a reversal from a revised 5.1% drop in March.

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