Japon Balance Commerciale

Japan's trade balance shifted to a surplus of JPY 366,467 billion in March 2024 from a deficit of JPY 750,854 billion in the same period of the prior year. It was the first trade surplus in three months, as exports grew while imports fell. Shipments rose by 7.3% yoy, the fourth straight month of growth, to the largest amount in three months of JPY 9,469.60 billion, amid robust demand from the US and China. Meanwhile, purchases were down 4.9%, the second time of drop this year, to JPY 9,103.13 billion, due to a sharp decline in imports of mineral fuels.