Japan's exports fell 11.7% in March from a year earlier, Ministry of Finance (MOF) data showed on Monday, reflecting a sharp drop in external demand due to the coronavirus outbreak.
FILE PHOTO: Containers are pictured at an industrial port in Tokyo, Japan, May 22, 2019. REUTERS/Kim Kyung-Hoon
TOKYO - Japan’s exports fell 11.7% in March from a year earlier, Ministry of Finance data showed on Monday, reflecting a sharp drop in external demand due to the coronavirus outbreak. That compared with a 10.1% decrease expected by economists in a Reuters poll and followed a 1.0% fall in February. Imports fell 5.0% in the year to March, versus the median estimate for a 9.8% decline, and a 13.9% drop in the prior month.
The trade balance came to a surplus of 4.9 billion yen, versus the median estimate for a 420.0 billion yen surplus.
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