Japan’s trade deficit narrowed to JPY 833.4 billion in May 2020 from JPY 965.4 billion in the same month a year earlier. Year-on-year, exports tumbled 28.3% to JPY 4.18 trillion, mainly due to lower sales of transport equipment, machinery, manufactured goods, and mineral fuels. Imports shrank 26.2% to JPY 5.02 trillion, dragged by lower purchases of vehicles and mineral fuels.
