Japan exports rose 49.6% yoy to JPY 6261B in May. That’s the largest rise since 1980. Imports rose 27.9% yoy to JPY 6448B. Trade surplus came in at JPY 187B, comparing with JPY 857B a year ago.
Looking at some details, exports to China rose 23.6% yoy to JPY 1393B. That was led by growth in chip production equipment, hybrid cars, and scrap copper. Exports to the US rose 87.9% yoy to JPY 1104B. Cars and auto parts led the growth to US-bound exports.
In seasonally adjusted terms, exports rose 0.0% mom to JPY 6860B. Imports rose 0.7% mom to JPY 6817B. Trade surplus narrowed to JPY 43B, down from JPY 84B.
