Japan's goods trade surplus plunges 90pct in April

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Added On May 24, 2019

 According to the Finance Ministry's preliminary data, the reading marked the third straight month of black ink.

 
Exports had dropped for a fifth straight month to 60.32 billion U.S. dollars, falling 2.4 percent, while imports had increased by 6.4 percent to 59.78 billion U.S. dollars in the recording period.
 
Exports to China fell 6.3 percent year on year while imports from the world's second-largest economy jumped 5.9 percent, leaving Japan with a deficit of 2.88 billion U.S. dollars.
 
With the European Union, Japan logged a surplus of 30.78 million U.S. dollars, supported by auto exports to Belgium. But its surplus to Asian countries, including China, dropped 36.8 percent to just over 4 billion U.S. dollars.