Japan’s exports posted strong growth in March, as demand recovered overseas and continued in China, Ministry of Finance data showed Monday.
Exports rose 16.1% from a year earlier in March. That compared with February’s 4.5% decline and was better than the 12.4% increase expected by economists surveyed by data provider FactSet.
Exports to China led the growth, increasing by 37.2%, mainly due to the strong demand for non-food raw materials, nonferrous metals and plastic.
Exports to the U.S. also recovered from the previous month’s decline as industrial machinery and cars contributed to the growth.