Japon Balance Commerciale

Japan’s trade deficit plunged to JPY 117.62 billion in November 2024 from JPY 813.87 in the same month a year earlier, marking the smallest trade gap since July 2023. The latest result was much lower than market consensus of a shortfall of JPY 688.9 billion, as exports rose while imports shrank. Sales increased by 3.8% from the prior year to JPY 9,152.38 billion, accelerating from a 3.1% rise in October and topping forecasts of 2.8%. Meanwhile, purchases declined by 3.8%, swinging from the prior 0.4% increase and defying expectations of a 1.0% gain. They also marked the first drop in imports since March.