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  HOME | Business & Economy (Click here for more)

Japan Reaps $5.93 Billion Trade Surplus in September

TOKYO – Japan reported a trade surplus of 670.17 billion yen ($5.932 billion) in September, almost six times higher than in the previous month, the government reported on Thursday.

The September surplus represented a 37.7 percent increase year-on-year and was the fourth consecutive month of trade surplus of the world’s third largest economy, following the downward revision of the data for May, when it slipped into deficit, according to data published by the Ministry of Finance.

Exports grew 14.1 percent year-on-year in September to 6.8 trillion yen and imports 12 percent to 6.14 trillion yen.

In terms of countries, Japan faced a deficit of 281,796 million yen with China, its largest trading partner, representing a 48.5 percent decrease year-on-year.

With the world’s first economy and its second largest trading partner, the United States, Japan saw a surplus of 616.578 billion yen, a 5.1 percent increase from the same month of 2016.

With the European Union, its third trading partner, Japan managed to reduce the deficit by 54.6 percent to 16.69 billion yen.

With Brazil and Chile, the Asian country ran a negative balance of 39.909 billion yen and 34.985 billion yen, indicating an increase of 39.7 percent and 55.8 percent, respectively.

 

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