Japan recorded a trade surplus of JPY 366.8 billion in November of 2020, compared with a JPY 88.4 billion deficit a year earlier. It was the fifth straight month of surplus, as exports fell by 4.2% year-on-year to JPY 6.11 billion while imports dropped at a faster 11.1% to JPY 5.75 billion. Considering the first eleven months of the year, Japan posted a trade gap of JPY 55 billion, narrowing from a JPY 1509 billion shortfall in the same period of 2019.