Japan’s exports rose for the 13th straight month in March, driven by resilient demand for steel and semiconductor manufacturing equipment, Treasury Department data showed on Wednesday.
Exports rose 14.7% yoy in March. Compared to February, the reading rose 19.1%, weaker than the 18% rise expected by economists polled by data provider FactSet.
Exports to the US and EU led the growth, rising 23.8% and 16.8% respectively, mainly due to strong demand for pharmaceuticals, auto parts and semiconductor manufacturing equipment.
Export growth to China slowed to 2.9% from 25.8% in February.
https://www.marketwatch.com/story/japan-s-exports-grew-for-13th-consecutive-month-in-march-271650413823?rss=1&siteid=rss Japan’s exports grow for 13th straight month in March