Business & Economy

Japan logs a trade surplus of $3.49 billion in June

Tokyo, Jul 21 (EFE).- Japan posted a trade surplus of 383.18 billion yen ($3.49 billion) in June, the government announced on Wednesday.

The surplus contrasts with the trade deficit of 290.95 billion yen recorded in the same month of the previous year and the deficit of 189.36 billion yen posted in May, according to data released by the finance ministry.

Japanese exports grew by 48.6 percent year-on-year in June to 7.22 trillion yen while imports increased by 32.7 percent to 6.84 trillion yen.

Japan also logged the largest increase in its exports in 11 years between January and June, 23.2 percent year-on-year, for a total value of 39.86 trillion yen.

By country, Japan registered a deficit of 47.94 billion yen with China, its largest trading partner, which is 67.6 percent less than the deficit it recorded a year earlier.

With the world’s biggest economy and its second largest trading partner, the United States, the Asian country had a surplus of 577.82 billion yen, three times more than in the same month of 2020.

With the European Union, its third largest trading partner, Japan recorded a deficit of 137.64 billion yen, which marks a year-on-year reduction of 23.4 percent. EFE


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