Business & Economy

Japan posts trade surplus of $3.54 billion in November

Tokyo, Dec 16 (efe-epa).- Japan recorded a trade surplus of 366.77 billion yen ($3.54 billion) in November, the Japanese government announced on Wednesday.

The positive balance contrasts with the deficit of 88.39 billion yen recorded in the same month of 2019 and is 57.9 percent lower than the surplus of 871.69 billion yen the country posted in October, according to data published by the finance ministry.

Japanese exports fell 4.2 percent year-on-year in the 11th month of the year to 6.11 trillion yen, while imports decreased by 11.1 percent to 5.74 trillion yen.

By country, beginning with its largest trading partner China, Japan registered a trade deficit of 324.79 billion yen, which is 21 percent more than the negative balance recorded a year earlier.

With the world’s biggest economy and its second-largest trading partner, the United States, the country posted a surplus of 588.29 billion yen, a year-on-year increase of 12.6 percent.

And with the European Union, its third-biggest trading partner, Japan recorded a deficit of 68.89 billion yen, a reduction of 62.9 percent compared to the negative balance registered in November 2019.

The Asian country reduced its trade deficit with Brazil by 37.9 percent to 42.09 billion yen but widened its negative balance with Chile by 38.9 percent to 47.66 billion yen.

Japan registered a trade surplus of 35.20 billion yen with Mexico, which is 24.8 percent less than a year ago. EFE-EPA


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