Japan's trade balance surplus fell by 33% in March

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The Ministry of Finance of Japan reported that Japan’s trade balance surplus was 528.5 billion yen in March, a decline of 33% from March last year. In March, Japan ended the fiscal year, following which the country recorded the first deficit in 3 years in the amount of 1 trillion 590 billion yen. In March, exports declined by 2.4%, reaching 7 trillion 200 billion yen. The decline is observed for 4 months in a row. Economists had expected a drop of 2.7%. Imports in March were at 6 trillion 670 billion yen, an increase of 1.1%. According to economists, imports were expected to grow by 2.6%. In North America, shipments from Japan rose by 3.2%. Exports to the USA increased by 4.4%, to Western European countries - by 1.8%. The fall of Japanese exports by 5.5% was recorded in Asian countries, exports to China decreased by 9.4%.

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