[SMM Tin News Flash: Semiconductors and Electronic Parts Drive Japan's Exports to Rebound Beyond Expectations]

Published: Apr 22, 2026 08:57

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Data released by Japan's Ministry of Finance on Wednesday showed that Japan's export growth accelerated in March, driven by recovering demand and strong exports of semiconductors and electronic parts. Japan's total exports in March were up 11.7% YoY, higher than the revised 4% growth rate in February and exceeding the analyst forecast median of 11%. Imports were up 10.9%, higher than the previous month's 10.3%. The non-seasonally adjusted trade surplus expanded to 667 billion yen ($4.2 billion). Affected by US tariffs, Japan's exports to the US grew 3.4%. Driven by chips, electronic parts, and non-ferrous metals, Japan's exports to the EU grew 18.2% as disruptions related to the Chinese New Year holiday subsided.

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