Japan posted a trade surplus of JPY 441.02 billion in July 2021, shifting from a deficit of JPY 14.76 billion in the same month a year earlier and exceeding market consensus of a surplus of JPY 202.3 billion. Exports jumped 37 percent year-on-year to JPY 7,356 billion while imports rose at a softer 28.5 percent to JPY 6,915 billion. Considering the first seven months of the year, the country registered a trade gap of JPY 172.49 billion, down sharply from a deficit of JPY 1,501 billion in the same period of 2020.