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  HOME | Business & Economy (Click here for more)

Japanese Trade Surplus Receded 22% Interannually in November

TOKYO Ė Japan recorded in November a surplus in its trade balance of 113.3 billion yen (about $1 billion), the government reported on Monday.

This surplus is, however, 22 percent lower than that obtained in the same month of 2016, according to the data published by the Ministry of Finance.

However, exports grew 16.2 percent year-on-year to stand at 6.92 trillion yen.

Imports also increased 17.2 percent representing 6.8 trillion yen.

On the other hand, in November Japanís trade deficit with its main trading partner, China, increased 11.8 percent which represents 430.9 billion yen.

With the United States, Japanís second largest trading partner, it recorded a positive balance of 660 billion yen, 13.7 percent more than in November 2016.

With the European Union, its third largest trading partner, Japan had a deficit of 49.9 billion yen, 41.1 percent less than in November 2016.

Brazil and Chile recorded a negative balance of 56.1 million and 45.6 million yen respectively, indicating a rise of 40 and 33 percent also, respectively.

In November, Japan achieved with Mexico a surplus worth 33.9 million yen, 8.2 percent more than in November 2016.

 

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