BUSINESS Japan trade surplus dives 99% in March as coronavirus hits exports

BUSINESS

Japan trade surplus dives 99% in March as coronavirus hits exports

AFP

08:27, April 20, 2020

Japan's trade surplus dived 99 percent in March from a year earlier as coronavirus woes hit exports to its major trading partners, official data showed Monday.

18110159icxs.jpg

Container ships are berthed at a shipping terminal in Yokohama, Japan, on Monday, April 16, 2018.  (File photo: VCG)

The March surplus came in at 4.9 billion yen ($45.5 million), less than one percent of the year-before figure of 517 billion yen, according to the finance ministry.

Overall exports fell 11.7 percent, with US-bound shipments tumbling 16.5 percent and shipments to China falling 8.7 percent. Exports to the European Union fell 11.1 percent.

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue