Japan trade data, April 2025
Trade Balance Total -115.8bn JPY. This is a dreadful result, big deficit vs. big surplus forecast. Big falls in exports to almost everywhere (see below) and imports down not as much as expected.
- expected +227.1bn, prior +559.4bn
Imports -2.2% y/y
- expected -4.5%, prior +1.8%
Exports +2.0% y/y ... hard to reconcile this with the big falls to almost everywhere
- expected +2.0%, prior + 4.0%
All of the following are y/y for April:
- Exports to Asia +6%
- Exports to China -0.6%
- Exports to EU -5.2%
- Exports to U.S. -1.8%
