Business & Economy

Japan records a trade surplus of $110 million in July

Tokyo, Aug 19 (efe-epa).- Japan recorded a trade surplus of 11.6 billion yen ($110.27 million) in July, the Japanese government announced on Wednesday.

The data contrasts with the trade deficit of 268.82 billion yen recorded in the previous month as well as the negative balance of 254.88 billion yen registered in July 2019, according to data published by the finance ministry on Wednesday.

Japanese exports declined by 19.2 percent year-on-year in the seventh month of the year to 5.36 trillion yen while imports decreased by 22.3 percent to 5.35 trillion yen.

With China, its largest tsifpmurading partner, Japan recorded a trade deficit of 127.39 billion, which is 66.9 percent less than the negative balance recorded a year ago.

With the world’s largest economy and its second trading partner, the United States, the Asian country achieved a surplus of 512.48 billion yen, a year-on-year decline of 11.5 percent.

With the European Union, its third biggest trading partner, Japan recorded a deficit of 212.41 billion yen, 65.7 percent less than the negative balance of July 2019.

Japan widened its deficit with Brazil by 9.5 percent to 29.16 billion yen while the Asian country’s negative balance of trade with Chile increased by 24.8 percent to 51.71 billion yen.

Japan recorded a surplus of 10.65 billion yen with Mexico, 73.9 percent less than a year earlier. EFE-EPA


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