Economy, Asia - Pacific
Japan's foreign trade gap halves in January year-on-year
Country's exports up 11.9% while imports down 9.6% year-on-year in January
Gokhan Ergocun |
21.02.2024 - Update : 21.02.2024
ISTANBUL
Japan's foreign trade balance posted a decline of 1.75 trillion Japanese yen ($11.66 billion) in January, down by 49.9% on a yearly basis.
The country's exports totaled 7.33 trillion yen ($48.8 billion), up 11.9%, while imports amounted to 9.09 trillion yen ($60.46 billion), down 9.6% year-on-year in January.
Japan's main trade partners were the US and China in January.
Among exports, transport equipment, machinery, and electrical machinery sectors were leaders, with shares of 22.3%, 17.3%, and 16.8%, respectively.
The main imported products were mineral fuels.
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