Japan Posts Trade Surplus In February


Japan’s trade balance returned to surplus in February on solid exports to Asia, after posting the first deficit in nearly two years in January due to regional holidays, Ministry of Finance data released on March 24 showed.

Japan recorded a trade surplus of Y654.11 billion last month, compared with a surplus of Y638.28 billion in the same month a year earlier. Japan posted a revised trade deficit of Y475.31 billion in January, the first deficit since March 2009.

Exports rose 9.0 percent on year to 5.588 trillion yen, gaining for the 15th consecutive month, an increase of 9.1 percent following the 1.4 percent gain a month earlier.

Exports to Asia rose 12.3 percent on year, climbing for the 16th consecutive month. Exports to China alone surged 29.1 percent on year to 1.16 trillion yen, also rising for the 16th straight month.

Exports to the United States rose an annual 2.0 percent, rising for the 14th straight month. Exports to the European Union climbed 12.7 percent, rising for the first time in two months.

Imports rose 9.9 percent on year to 4.934 trillion yen, rising for the 14th straight month. That compares to expectations for a 4.4 percent increase after the 12.4 percent expansion in the previous month.


TradingEconomics.com
3/24/2011 11:12:13 AM