GulfBase Live Support
22/04/2010 00:00 AST
Japan posted a trade surplus of 948.9 billion yen in March, the Ministry of Finance said on Thursday. That was below analyst expectations for a 975.4 billion yen surplus following the revised 649.6 billion yen surplus in February.
Exports surged an annual 43.5 percent to 6.004 trillion yen - slightly below forecasts for a 45.9 percent increase on year after the 45.3 percent annual gain a month earlier.
Exports to China jumped 47.7 percent on year, the data showed, while exports to Asia surged 52.9 percent on year. Exports to the United States added an annual 29.5 percent, while exports to Europe collected 26.7 percent on year.
Imports jumped 20.7 percent on year to 5.055 trillion yen - roughly in line with expectations for a 21.0 percent increase after the 29.5 percent annual expansion in the previous month.
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