Japan's trade deficit shrunk by 44% in 2024, with exports rising 6.2% and imports up 1.8%.
Japan's trade deficit narrowed to 5.33 trillion yen in 2024, down 44% from the previous year, marking four consecutive years of deficit. Exports grew 6.2%, driven by increases in semiconductor manufacturing equipment and automobiles, while imports rose 1.8%. In December, Japan recorded a trade surplus of 130.9 billion yen, its first in six months, surpassing expectations.
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