Japan’s Exports Decline Speeds up in April, Falling 10.1% On-Year

The world’s third-largest economy recorded its seventh straight month of falling exports in April, official data showed on Monday, adding to the country’s gloomy outlook.

Exports dropped 10.1 percent on-year in April, in line with estimates and worse than March’s 6.8 percent slide, clocking up the fastest pace of decline in three months. Imports, meanwhile, tanked by an annual 23 percent, worse than Reuters poll expectations for a 19 percent drop and outstripping the previous month’s 14.9 percent fall.

That left the nation with a trade surplus of 823 billion yen ($7.48 billion), below Reuters estimates for a 492.8 billion yen surplus.


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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.