Japan's Exports Rise 7.8% In February, Trade Deficit Narrows

Cars for export are loaded onto a cargo ship at a port in Yokohama, on Nov. 2, 2021. Japan’s exports rose 7.8% in February, 2024, as shipments continued to expand in cars and electrical machine

Japan's exports saw a 7.8% increase in February, driven by the continued expansion in the automotive and electrical machinery sectors, as per government data released on Thursday. This growth led to a trade deficit of 379 billion yen ($2.5 billion), marking the second consecutive month of deficit for the nation.

Imports in February grew in food, medical products, and computers, while witnessing a decline in autos and power-generating machines. The total imports inched up by 0.5% from the previous year, reaching nearly 9 trillion yen ($60 billion).