Japan recorded a larger-than-expected trade surplus in April, supported by a sharp rise in exports and steady demand from key markets including the United States and China. According to data released Thursday by Japan’s Ministry of Finance, the country posted a trade surplus of 301.9 billion yen ($1.90 billion), outperforming market forecasts that had predicted a 29.7 billion yen deficit. However, the figure was lower than March’s 643.0 billion yen surplus.
The biggest contributor to the positive trade balance was Japan’s export growth, which climbed 14.8% year-on-year in April. The increase significantly exceeded analyst expectations of 9.3% and accelerated from the 11.5% growth recorded in March. Strong overseas demand for Japanese automobiles, plastics, chemicals, and capital machinery played a key role in boosting export performance.
Exports to both the U.S. and China continued to rise steadily, highlighting resilient global demand despite ongoing economic uncertainty. A weaker Japanese yen also helped increase the value of exports, making Japanese goods more competitive in international markets.
Meanwhile, imports rose 9.7% in April, surpassing forecasts for an 8.3% gain. The increase was largely driven by growing demand for semiconductors, computing equipment, and electrical machinery as Japan expands data center development and digital infrastructure investments.
Despite ongoing geopolitical tensions in the Middle East and elevated global oil and gas prices, Japan’s petroleum and natural gas imports unexpectedly declined during the month. However, oil imports from the United States increased, suggesting Japan is diversifying its energy supply sources amid concerns over disruptions in the Strait of Hormuz.
The USD/JPY currency pair remained relatively stable following the release of the trade data, while investors continue monitoring Japan’s economic outlook, export performance, inflation trends, and global energy market developments throughout 2026.


UK Wage Growth Holds at 3.5% as Unemployment Rises
Oil Prices Rise as Iran-U.S. Tensions Threaten Strait of Hormuz Supply
Oil Prices Rise as U.S.-Iran Tensions Grip Strait of Hormuz
European Stocks Edge Higher as Fed Rate Pause Bets Rise
Asian Currencies Rise as Dollar Hovers Near Multi-Month Lows
Colombia Earthquake Losses Estimated at $9.58 Billion as Reconstruction Challenge Mounts
US Dollar Hovers Near Multi-Month Lows as Fed Rate Hike Bets Ease
US Stock Futures Mixed as Fed Rate Hike Bets Fade, AI Deals in Focus
Trump Says Iran Talks Halted as Strait of Hormuz Dispute Fuels Oil Concerns
Oil Prices Rise as US-Iran Tensions Renew Strait of Hormuz Supply Fears
Dollar Slides as Soft U.S. Data Cuts Fed Rate Hike Bets
Wall Street Falls as Oil Prices Rise, Fed Minutes and Retail Earnings in Focus
Switzerland Industrial Production Jumps 5.5% in Q2 2026
Gold Prices Hold Near $4,400 as Fed Rate Hike Bets Fade
US Dollar Holds Steady as Fed Rate Bets and Iran Tensions Drive Markets
China Set to Hold Benchmark Lending Rates Steady for 15th Month
Gold Prices Slide as Treasury Yields Surge, Fed Minutes in Focus 



