Japan’s trade deficit will decrease by 44% in 2024

Tokyo, January 23 / WAM / Government data showed on Thursday that Japan’s trade deficit during 2024 decreased by 44% from the previous year to 5.33 trillion yen ($34 billion), as exports reached a record high level due to demand. Strong on compounds and semiconductors.

The Japanese Kyodo News Agency quoted the Ministry of Finance as saying that total exports rose during 2024 by 6.2% from the previous year to 107.09 trillion yen, which is the highest level since comparable data became available in 1979.

The ministry stated in a preliminary report that imports rose by 1.8% to reach 112.42 trillion yen.

During December 2024 alone, Japan announced a trade surplus of 130.9 billion yen, the first surplus in six months.

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