Japan exports beat estimates in December

World's 3rd-largest economy sees trade surplus of $419M in December, as exports grows at fastest clip last year while imports falling

By Tuba Ongun

ANKARA (AA) — Japan's exports grew at the fastest pace in 2023 last month, beating the market forecast, the country's Finance Ministry data showed Wednesday.

Overseas shipments increased 9.8% year-on-year to 9.65 trillion yen ($65.4 billion) in December, reversing from a 0.2% decline in November and beating expectations of a 9.1% hike.

Its imports dropped 6.8% at an annualized pace to 9.59 trillion yen, following November's 11.9% decrease.

As a result, the world's third-largest economy saw an unexpected 62 billion yen ($419 million) trade surplus in December, shifting from a revised 780.4 billion yen deficit in the previous month.

In 2023, Japan's total exports ticked up 2.8% year-on-year to 100.9 trillion yen, while imports slipped 7% to 110.2 trillion yen.

Kaynak:

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