Business & Economy

Japan posts trade surplus of $4.02 billion in July

Tokyo, Aug 18 (EFE).- Japan posted a trade surplus of 441.02 billion yen ($4.02 billion) in July, in contrast to a 14.76 billion yen deficit a year ago, the finance ministry announced Wednesday.

Exports increased year-on-year by 37 percent to 7.35 trillion yen, while imports also registered a rise of 28.5 percent to 6.9 trillion yen.

China remained Japan’s largest trading partner in July with exports increasing year-on-year by 18.9 percent and imports increasing by 12.4 percent compared to the same period of the previous year, according to the government data.

Japan recorded a trade deficit with China of 56.93 billion yen in July, 55.6 percent less than the deficit it had recorded in the same month of 2020.

With the United States, Japan’s second largest trading partner, Japanese exports rose 28.12 percent in July, driven by automobile sales to the North American country, while imports also expanded by 27.4 percent compared to the previous year.

In July, Japan had a trade surplus with the US of 612.88 billion yen, 29 percent more than that recorded in the same month of 2020.

Japan also increased its exports to the European Union by 46.1 percent and its imports by 13.9 percent in July to post a deficit of 102.46 billion yen, 52 percent less than the previous year. EFE


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