TOKYO, Jan. 23 (Xinhua) -- Japan logged a trade deficit of 5.33 trillion yen based on preliminary statistics using an average exchange rate of 150.97 yen to the U.S. dollar in 2024, data from the Ministry of Finance showed Thursday.

The deficit, marking the fourth consecutive year in the red, decreased by 44.0 percent from the previous year, the data showed.

In 2024, Japan's exports grew 6.2 percent year-on-year to 107.09 trillion yen, marking the fourth straight year of growth.

Key contributors included a 27.2-percent increase in semiconductor manufacturing equipment exports, a 3.7-percent rise in automobiles, and a 10.6-percent increase in semiconductor and electronic components.

Imports rose 1.8 percent to 112.42 trillion yen, driven by significant increases in computer-related goods (including peripherals), non-ferrous metal ores, and power machinery imports, which grew by 31.7 percent, 14.7 percent, and 17.2 percent, respectively.

In contrast, imports of coal, semiconductors, and crude oil declined.

In December alone, trade balance recorded a surplus of 130.9 billion yen, marking the first surplus in six months. (1 Japanese yen equals about 0.0064 U.S. dollars) Enditem

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