Japan’s March exports up 16 per cent

Japan’s March exports jumped 16.1 per cent from a year earlier to 7.38 trillion yen ($A87.9 billion), the first rise in two months thanks to a strong economic recovery in China.

Shipments to China, Japan’s largest trading partner, surged 37.2 per cent year on year to 1.63 trillion yen, a preliminary report issued on Monday by the finance ministry showed.

It marked the ninth month in a row Japanese exports to China increased.

China’s economy was hit by a coronavirus shutdown last year but grew a record 18.3 per cent in the first quarter of 2021.

Its March exports to the European Union rose 12.8 per cent to 714.5 billion yen for the first increase in 20 months, while shipments to the United States were up 4.9 per cent to 1.2 trillion yen, the country’s finance ministry said.

Japan’s overall imports climbed 5.7 per cent to 6.7 trillion yen, which led to a trade surplus of 663.7 billion yen.

Be the first to comment

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.