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ECONOMY > Economic Indicators

Japan’s trade surplus plunges 90% on China worries

  • May 22, 2019
  • , NHK WORLD
  • English Press
Japan’s latest trade data shows a sharp decline in the surplus. That’s as semiconductor-related exports to China plummeted.

 

The April surplus stood at about 60 billion yen, or 540 million dollars. That’s down 90.3 percent from a year earlier.

 

Exports to all markets fell 2.4 percent, the fifth consecutive month of declines. But imports increased 6.4 percent due to higher crude oil demand.

 

Shipments to China were sluggish, dropping 6.3 percent due to weak demand for chip-related products and auto parts.

 

But Japan’s surplus with the US grew for a second straight month. It was up 17.7 percent from a year earlier, as auto shipments rose by 8.3 percent.

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