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On August 6, 2020, the Japanese flag flies near the cargo containers on the Odaiba waterfront in Tokyo.
Behrouz Mehri | Author | Gets the image
Japan on Thursday reported By 3.9% in March, exports compared to the year earlier, a month after export, their largest growth has been observed since May 2024.
The growth missed expectations by 4.5% of the economists surveyed by Reuters, and in February was lower than 11.4%.
In the region, Japanese exports increased the most to the Middle East, writing by 17.1%, compared to the same period a year ago.
Exports to the US, the second largest trading partner in Japan, increased by 3.1%.
March data does not include the full influence of US President Donald Trump tariffs. The United States announced the 25% tariffs at the automobiles operating on April 3, and 25% came for steel and aluminum He came into force on March 12.
Trump, however, suspended his “mutual” tariffs of 24% on Japan for 90 days, leaving the base tariff for 10%.
Trade data also come when Japan is closed in trade negotiations with the US on Thursday, Trump said Truth social post What was the “great progress” in the negotiations that had Used to say this He will also attend a trading meeting. He also wrote that negotiations would cover “tariffs, military support and” fairness “.
As reportedly, Japan the sixth largest steel exporter In the United States, in 2024, Japanese brands are four of the eight best brands in the US, and Toyota took first place.
Cars – the main exports of Japan to the US, which is 28.3% of all supplies in 2024, According to customs data.
Imports in the second largest economy of Asia GDP increased by 2% compared to the expectations of 3.1% of the Reuters survey.
Japan’s trade deficit narrowed to 544.1 billion yen, but was more broader than the reuters survey of 485.3 billion. The deficit in February amounted to 590.5 billion.
“Japan is no longer an export power plant that was previously,” said Esper Kol, Financial Services Monex Group expert director.
COL said CNBC that, while it was weak, and the fear of tariffs could increase exports with a frontline, China, made, replaced Japanese exports.
This means that “as the US-Kita’s trade wars increases, Japan will suffer even more, as China will have to dismiss the power he sold to the world markets,” he said.
