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5 years ago

Japan logs goods trade surplus of $3.03b in February

File photo (Collected)
File photo (Collected)

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Japan logged a goods trade surplus in February, the government said on Monday in a preliminary report.

According to the Finance Ministry, the surplus in January stood at 339.0 billion yen (3.03 billion US dollars).

From a year earlier, exports dropped 1.2 per cent in the recording period, following an 8.4 per cent fall a month earlier, reports Xinhua.

Shipments to Asia fell 1.2 per cent in the recording period, the ministry said.

Those to South Korea dropped 13.2 per cent, while those to Singapore fell 18.2 per cent, the data showed.

Exports to China were solid, however, rising 5.5 per cent in the recording month, the Finance Ministry said.

Imports, meanwhile, declined 6.7 per cent marking the biggest drop since November 2016.

Japan returned to a trade surplus for the first time in February since September 2018, the latest Finance Ministry's figures showed.

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