The flag of Japan is flying near the freight containers on the Odaiba quay in Tokyo on August 6, 2020.
Behroom mehri Co -creator Getty images
Japan announced on Thursday The increase of 3.9% in March exports compared to the year earlier, a month after exports, they recorded their largest increase since May 2024.
The increase has lost the increase in growth by 4.5% in relation to the economists surveyed by Reuters and was lower than 11.4% jump in February.
According to the region, Japanese exports increased the most to the Middle East, registering an increase of 17.1%, compared to the same period a year ago.
Exports to the USA, the second largest trade partner in Japan, recorded an increase of 3.1%.
The March data does not include the full influence of US President Donald Trump's tariffs. The United States has announced 25% tariffs in the field of car imports in force on April 3 and 25% of steel and aluminum fees Implementation on March 12.
However, Trump suspended its “mutual” tariffs of 24% in Japan for 90 days, leaving a basic tariff of 10%.
Commercial data also appears when Japan is closed in commercial negotiations with the USA on Thursday, said Trump in Truth Social Post that there was “great progress” in the conversations he said it earlier He will also participate in a commercial meeting. He also wrote that the talks will include “tariffs, the cost of military support and” commercial honesty “.
Apparently Japan was Steel exporter six as to the size To the USA in 2024, and Japanese car brands make up four out of eight best -selling brands in the USA, and Toyota ranks first.
Cars are the highest export of Japan to the USA, which is 28.3% of all shipments in 2024, According to customs data.
Imports to the second largest economy in Asia according to GDP increased by 2%, compared to expectations by 3.1% increase in relation to the Reuters survey.
Japanese commercial deficit decreased to 544.1 billion yen, but was wider than the expectations of the Reutersa survey of 485.3 billion yen. The deficit in February was 590.5 billion yen.
“Japan is no longer the export power it once was,” said Jesper Koll, director of the Monex Group Financial Services.
Koll said CNBC that although Jen was weak, and fear of tariffs can increase exports by charging at the front, China exchanged Japanese exports.
This goes that “when US-Chines trading wars are escalating, Japan will be even more hurt, because China will be forced to lose their ability that he used for America on global markets,” he said.