Kathmandu. Japan suffered a trade deficit of 36.6 billion US dollars in 2024, government data showed on Thursday. The value of exports rose for the fourth consecutive year to a total of 108.93 trillion yen in the fiscal year ended in March.
Japan’s exports rose 5.9 percent last year, the highest level since comparable data was first collected in 1979. Imports rose 4.7 percent from a year earlier to 114.16 trillion yen, the Finance Ministry said in a preliminary report, led by personal computers from the United States and smartphones from China.
Japan suffered a trade deficit of 7.05 trillion yen with China, an 18.7 percent increase from the previous year. Japan’s exports to China 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. This was compared to a year earlier, with exports rising 3.8 percent to 21.65 trillion yen, while imports rose 7.7 percent to 12.64 trillion yen.
Japan’s trade deficit with the European Union continued for the 13th consecutive year. Japan’s trade deficit with the EU last year was reported to be 2.53 trillion yen.
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