TOKYO: Japan’s exports slumped 14.8% in August from a year earlier, down for the 21st straight month, Ministry of Finance data showed on Wednesday, underlining the coronavirus pandemic’s heavy hit to global demand.
That compared with a 16.1% decline expected by economists in a Reuters poll and followed a 19.2% fall in July.
Imports dropped 20.8% in the year to August, compared with the median estimate of an 18.0% decline.
The trade balance came to a surplus of 248.3 billion yen ($2.36 billion), against the median estimate of a 37.5 billion yen deficit.
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