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ECONOMY > Trade

Japan Feb. trade surplus slumps to 217.4 b. yen

  • March 17, 2021
  • , Jiji Press , 9:09 a.m.
  • English Press

Tokyo, March 17 (Jiji Press)–Japan logged a customs-cleared trade surplus of 217.4 billion yen for February, down 80.5 pct from a year before, the Ministry of Finance said Wednesday.

 

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

 

Exports sagged 4.5 pct to 6,038 billion yen, while imports grew 11.8 pct to 5,820.6 billion yen, the ministry said in a preliminary report.

 

In trade with the United States, Japan’s surplus shrank 24.5 pct to 472.7 billion yen, with exports down 14 pct and imports down 3.7 pct.

 

In trade with mainland China, Japan incurred a deficit of 271.6 billion yen, against the year-before surplus of 462.3 billion yen. Exports rose 3.4 pct, and imports rebounded more than twofold.

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