Japon Balance Commerciale

Japan’s trade surplus increased to JPY 544.1 billion in March 2025 from JPY 349.9 billion in the same month a year earlier, beating market expectations of JPY 485.3 billion, as export growth outpaced imports. Exports rose 3.9% year-on-year to a three-month high of JPY 9,847.8 billion, marking the sixth consecutive month of expansion, though slightly below the forecast of 4.5%. Meanwhile, imports rose at a slower 2% to JPY 9,303.8 billion, rebounding from a 0.7% decline in February but falling short of the projected 3.1% rise.