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All news / Turnover between Russia, Japan down 11% in first quarter of 2021

  • 19 Apr 2021, 10:06

The turnover between Russia and Japan is down 11% in the first quarter of 2021 compared to the corresponding period of last year, the data published by the Japanese Finance Ministry on Monday informs.Turnover between Russia, Japan down 11% in first quarter of 2021

According to the ministry, the trade volume between both countries from January to March has reached 474.2 bln yen ($4.3 bln). This trend is caused by the pandemic and coronavirus-related restrictions.

In the past fiscal year (from April 2020 to March 2021 in Japan) the turnover between both countries dropped by 33% to 1.72 trln yen. Export of Japanese goods is down 15.5% in this period, and import from Russia is down 29.4%. Export of Japanese cars to Russia has dropped by 20%.

Meanwhile, the overall volume of export of Japanese goods in March 2021 grew by 16.1% reaching 7.38 trln yen ($68 bln). This is the highest monthly increase in the past three years. Mainly, this is due to the record volume of export to China, which reached 1.63 trln yen ($14 bln).