Today: Wednesday, 17 April 2024 year

There was a sharp increase in imports from Russia to Japan

There was a sharp increase in imports from Russia to Japan

According to the Ministry of Finance, there has been a sharp rise in imports from Russia to Japan. Imports increased by 67.3%. 

In absolute terms, the figure was 187.1 billion yen (1.45 billion dollars). This has led to an increase in energy prices.Meanwhile, exports fell 69.3 percent in the same month to 23.77 billion yen ($184.2 million).

In general, April recorded a record monthly level of imports since 1979 – 8.92 trillion yen (69.1 billion dollars). Growth compared to the same period last year amounted to 28.2 percent. Exports were the second largest since 1979 at 8.76 trillion yen ($67.9 billion), up 12.5 percent.

The deficit reached 839 billion yen ($6.5 billion). Today, Japan’s foreign trade balance is in the red.