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Japan’s exports down for 1st time in 3 months in Feb.

  • March 17, 2021
  • , Jiji Press , 12:05 p.m.
  • English Press

Tokyo, March 17 (Jiji Press)–Japan’s exports in February declined 4.5 pct from a year earlier to 6,038.0 billion yen, down for the first time in three months, a preliminary Ministry of Finance report showed on Wednesday.

 

The fall stemmed from a decrease in automobile shipments to the United States, which was apparently caused by stagnant sales triggered by a cold wave that hit the country, as well as by disruptions in auto production brought on by the shortage of semiconductors.

 

In trade with China, the first among major economies to recover from the COVID-19 crisis, Japan’s exports rose 3.4 pct, up for the eighth consecutive month.

 

By item, overall automobile exports dropped 12.9 pct, weighed down by slumps in such exports to the United States and Europe amid the ever-spreading novel coronavirus.

 

Exports of semiconductor-manufacturing equipment, nonferrous metals and plastics to China, however, went up.

 

Japan’s overall imports in February increased 11.8 pct to 5,820.6 billion yen, up for the first time in 22 months.

 

Imports from China marked a 2.1-fold surge, which came after the previous year’s plunge caused by a halt in production activities amid the spread of the coronavirus.

 

Overall imports of mobile phones, computers and clothes increased.

 

As a result, Japan logged a customs-cleared trade surplus of 217.4 billion yen in February, down 80.5 pct.

 

The result fell short of a median forecast of 370 billion yen in surplus shown in a Jiji Press poll of 19 research institutes.

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