Japan’s trade surplus shrinks to 481.7b yen in April
May 22, 2017
Tokyo- Japan logged a customs-cleared trade surplus of 481.7 billion yen in April, staying in the black for the third straight month, the Finance Ministry said Monday.
But the figure was down from the year-before surplus of 811.3 billion yen, reflecting sharp increases in imports of crude oil and coal.
As rising crude oil prices have continued to push up the value of Japan's overall imports, a ministry official said the movement of crude oil prices will be a key point for the country's future trade balance.
Japan's exports in April grew 7.5 percent from a year earlier to 6,329.2 billion yen, buoyed by brisk shipments of steel products and chipmaking equipment.
Imports jumped 15.1 percent to 5,847.5 billion yen, as purchases of crude oil from Saudi Arabia and those of coal from Australia went up. (Jiji Press)
Latest Videos
- THE UNTOLD STORY EXPERT INSIGHTS INTO THE UKRAINE
- NEGOTIATING A NEW ORDER US RUSSIA TALKS ON UKRAIN
- Ukraine: A Pawn in the Geopolitical Game? Will Trump Intervene?
- US VP VANCE CRITICIZES EUROPEAN DEMOCRACIES AT MUNICH SECURITY CONFERENCE
- UNCOVERING THE WEB OF DECEIT: CIA INFILTRATION OF THE MEDIA
- SHIFTING SANDS: TULSI GABBARD’S CONFIRMATION AND THE EVOLVING GLOBAL LANDSCAPE
- FAUCI SCANDAL: A THREAT TO GLOBAL HEALTH AND DEMOCRACY