Agency. Japan ran a trade deficit of about 5.23 trillion yen ($36.6 billion) in fiscal 2024, the fourth straight year, government data showed. The total value of exports rose 5.9 percent to 108.93 trillion yen in the fiscal year ending in March, the fourth straight year of growth.
The highest level since comparable data was first collected in 1979. Meanwhile, the value of imports rose 4.7 percent to 114.16 trillion yen from a year earlier.
The first increase in two years was due to personal computers from the United States and smartphones from China. By country or region, Japan registered a trade deficit of 7.05 trillion yen with China. That’s up 18.7 percent from a year earlier. Exports rose 3.4 percent to 18.89 trillion yen, while imports rose 7.1 percent to 25.94 trillion yen.
Japan’s trade surplus with the United States narrowed 1.3 percent to 9.01 trillion yen. Exports to the country rose 3.8 percent from a year earlier to 21.65 trillion yen, while imports from the country also rose 7.7 percent to 12.64 trillion yen. Japan’s trade deficit with the European Union remained at a deficit for the 13th consecutive year.
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