Japan’s exports grow for 13th straight month in March

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. Japan’s exports grow for 13th straight month in March

Brian Lowry

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