Japan March exports +3.9% y/y (expected +4.5%)

Trade balance data from Japan for March 2025

544.1bn JPY

• expected +485.3bn yen, prior +590.5bn

Exports +3.9%

• expected +4.5%, prior +11.4%

Exports to:

• US +3.1% y/y
• EY -1.1% y/y
• China -4.8% y/y
• Asia +5.5% y/y

Imports +2.0%

• expected +3.1%, prior -0.7%