Japan’s trade volume increased in March 2013, showing both imports and exports up when compared to the previous month and year, according to Japan’s Ministry of Finance.
Japanese imports were valued at 6.635 trillion yen (about US$68 billion) in March 2013, up 5.6 percent over March 2012, when they were valued at $64.4 billion. March was the fifth straight month of year-over-year import growth in Japan, although it grew by roughly half of the rate at which it grew in February, which was 12 percent. Import value in March was up 9.4 percent month-to-month from February, when it stood at $62.1 billion. In the first quarter of 2013, imports were valued at $195.9 billion, 8.1 percent higher than they were during the same period in 2012.
Japanese exports in March totaled $64.2 billion, up a little over 1 percent year-over-year. March’s export volume jumped 18.7 percent month-to-month over February, when Japan’s export value was $54.1 billion. For the first quarter of 2013, exports were valued at $167.5 billion, 1.2 percent higher than they were during the same period in 2012. Only four of the past 12 months have shown positive year-over-year export growth.