The report showed that in February, Japan’s exports fell by 49.4% year-on-year to 3.5255 trillion yen; imports fell by 43.0% to 3.4431 trillion yen.
This is the first time since October last year that Japan’s exports exceeded imports.
However, Japan’s foreign trade surplus in February was partly due to the decline in imports caused by the sluggish production and consumption, rather than export growth. In fact, compared with the previous month, exports in February continued to decline, and the year-on-year decline was further expanded from 45.7% in January. For the fourth consecutive month, the largest decline since January 1980 was recorded.
Since Japan’s first monthly trade deficit in 26 years last August, there was only a small surplus of 85.7 billion yen in September of that year. In January of this year, Japan’s trade deficit reached 952.6 billion yen, a record high.
Japan’s foreign trade continued to fall for the first time after four months of surplus
Japan’s Ministry of Finance issued a trade statistics bulletin on the 25th, saying that in February this year, Japan’s foreign trade turned into a weak surplus after a four-month deficit, with a surplus of 82.4 billion yen (about 98 yen and 1 US dollar), a year-on-year decline. Reached 91.2%.