Japan Records Trade Deficit of Nearly USD10.7B
According to a preliminary report by the Finance Ministry, exports for the April 2025–March 2026 fiscal year climbed 4 percent year-on-year to 113.24 trillion yen, driven by robust demand for semiconductors and electronic components. Imports, meanwhile, edged 0.5 percent higher to 114.96 trillion yen, lifted by rising prices for platinum and other nonferrous metals.
Shipments to the United States fell 6.6 percent — the first such annual decline in five years — with automobile exports bearing the sharpest impact, plunging 15.9 percent amid the tariff headwinds.
March offered a brighter snapshot: Japan swung to a monthly trade surplus of 667 billion yen, surging 25.9 percent compared to the same period a year ago. Exports for the month jumped 11.7 percent while imports rose 10.9 percent. Crude oil imports extended their upward trend, advancing 2.4 percent by volume for a third consecutive month.
The back-to-back annual deficits underscore Japan's deepening vulnerability to shifting U.S. trade policy, with the automotive sector — a cornerstone of the country's export economy — absorbing the steepest losses.
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