Japan's exports declined the most in 10 years last month due to the Corona 19 crisis.
Japan's Ministry of Finance today (21st) announced last month that exports amounted to 5,223 billion yen, 21.9% less than the same month of last year, and imports totaled 6.32 trillion yen, down 7.2%.
The 21.9% decrease in exports is the highest in 10 years and 6 months on a monthly basis.
The trade balance deficit was about 9,304 billion yen.
In Japan, the total trade volume has continued to decrease as exports declined at 17 months and imports at 12 months.
By region, U.S. exports were down 37.8%, with cars dropping 65%.
Korea's exports to Korea also fell by 10.6% and imports fell by 8.8%, resulting in a trade surplus of KRW 16.6 trillion and KRW 1.91 trillion of Korean money.
Exports of food containing beer decreased by 54.2%, and exports of passenger cars decreased by 20.3% and 49.6%, respectively, from the same month last year, based on quantity and amount.
Japan exports 21.9% ↓… The biggest drop in 10 years
2020-05-21T02:22:03.848Z
Japan's exports declined the most in 10 years last month due to the Corona 19 crisis. Japan's Ministry of Finance today announced last month that exports amounted to 5.23 trillion yen, down 21.9% from the same month last year, and imports totaled 6.32 trillion yen, down 7.2%.
Source: sbskr