TOKYO, March 22 (Itar-Tass) — Japan’s trade deficit with Russia reaches about one billion U.S. dollars in January-February 2012, the Japanese Finance Ministry told Itar-Tass on Thursday.
In the first two months Japan’s export to Russia amounted to two billion U.S. dollars. In addition, import from Russia reached three billion U.S. dollars, the Japanese ministry said.
Tokyo continues to buy Russian liquefied gas, oil products, non-ferrous metals, crops. Japan exports cars, machinery and printing products, the ministry said.
Meanwhile, in 2011 Japan’s export to Russia increased and reached 30.7 billion U.S. dollars. Trade turnover between the two countries has been growing for the latest 10 years. In 2009 the global financial crisis had a serious impact on trade. The turnover reduced considerably. But it took two years for Japan and Russia to restore trade and set a new record, the Japanese ministry said.