In February, Japan had a record trade deficit of 2.5 billion USD due to increased imports, despite a 7.8% rise in exports.
Japan experienced a record trade deficit of 2.5 billion USD in February despite a 7.8% increase in exports to 8.25 trillion yen. This marks the third consecutive month of export growth, driven by car and auto parts sales. Imports also increased by 0.5% to 8.63 trillion yen, with energy imports such as coal and liquefied natural gas experiencing significant declines.
March 21, 2024
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