In April, Japan recorded its worst monthly drop in exports since the 2009 financial crisis.
According to Arabia Net, the value of exports of the third economic power in the world declined in April by 21.9% over a year, to 5202.3 billion yen (44 billion euros).
This decline for the seventeenth consecutive month, is a monthly decline recorded by Japanese exports 11 years ago.
Economic experts at Bloomberg Financial News were expecting a slightly larger decline (22.2 percent) at the height of the isolation measures in the United States and Europe in April, which Their economies have been interrupted.
For its part, the Japanese government declared a state of emergency in the country in early April, which increased the impact of the epidemic on the country's economy.
Figures indicate that the decline in exports of goods to China slowed (-4.1 percent) compared to March (-8.7 percent) while it started China is revitalizing its economy, which was paralyzed by the new Corona virus in February.
As for Japanese imports, they decreased in April by 7.2 percent over a year, to 6132.7 billion yen (51.9 billion euros), after a decline of 5 percent in March.
Japan's imports from Western Europe, especially 11.5 percent, decreased, but those coming from China recorded an increase of 11.7 percent, compared to a decline of 4.5 percent. In March.
Imports from the United States also increased slightly (1.6 percent).
Economist Tom Lermouth said in a memo to Capital Economics, that the decline in the value of imports was boosted by a significant drop in prices, so Japan last month posted a trade deficit of 930.4 billion yen ( 7.8 billion euros).
"Japan's exports are supposed to continue their decline for some time because the economic activity of Japan's major trading partners remains very weak," said Lemroth.
Economic expert Taro Saito of the Japanese Research Institute Nippon Life Insurance expected an improvement in trade as of this summer, explaining is also that a return to pre-virus levels needs To a long time.
