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Japanese exports rise 7.8% in April on increased shipments to China, EU

Japan's trade balance yielded a surplus of ¥625.98 billion in April, driven by double-digit growth in exports to both China and the EU, provisional data from the Ministry of Finance showed.

Exports in April rose 7.8% to ¥6.822 trillion from the year-ago period, while imports climbed 5.9% to ¥6.196 trillion.

Exports are likely to continue to grow on the back of increased demand for manufacturing equipment, cars and car parts. In terms of volume, top exports were cars, which rose 15.3% in April from the same period a year ago, while exports of semiconductor manufacturing equipment rose 18.2% year-on-year, finance ministry data showed.

April exports to China, Japan's top trading partner, were up 10.9% year over year to ¥1.317 trillion. Imports from China rose 2.2% to ¥1.463 trillion.

Shipments to Asia, which represent more than half of Japan's exports, increased by an annual 6.0% to ¥3.655 trillion in April, while imports from the region rose 3.7% year over year to ¥2.938 trillion.

Exports to the U.S., Japan's second-largest trading partner, climbed 4.3% to ¥1.286 trillion from the year-ago period, while imports from the country rose 3.9% to ¥670.63 billion. Japan's trade surplus with the U.S. rose an annual 4.7% in April.

Exports to the EU jumped 14.1% to ¥819.25 billion while imports rose 9.0% to ¥716.34 billion.

As of May 18, US$1 was equivalent to ¥110.73.