Japan Balance of Trade 1963-2014 | Data | Chart | Calendar | Forecast

Japan recorded a trade deficit of 958.30 JPY Billion in September of 2014. Balance of Trade in Japan averaged 387.78 JPY Billion from 1963 until 2014, reaching an all time high of 1608.67 JPY Billion in September of 2007 and a record low of -2795.04 JPY Billion in January of 2014. Balance of Trade in Japan is reported by the Ministry of Finance Japan.

   
 
 

Japan Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
-958.30 -948.50 1608.67 -2795.04 1963 - 2014 JPY Billion Monthly
Japan had been recording consistent annual trade surpluses from 1970 to 2010. However, since 2011, the country has been posting trade deficits as costs for imports have surged due to the weakening of the Japanese yen and increased purchases of fossil fuels and gas to make up for the loss of nuclear power following the March 2011 earthquake and tsunami. In 2013, Japan run the highest trade deficit with China, Australia, Saudi Arabia, UAE, Western Europe and Russia. The country recorded biggest trade surpluses with United States, Hong Kong, South Korea, Singapore and Thailand. This page provides - Japan Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Japan Balance of Trade - was last refreshed on Saturday, October 25, 2014.


Japan Trade Deficit Widens in September


Japanese trade gap increased slightly to ¥958.3 billion in September of 2014 from ¥943.2 billion a year earlier, the first rise in three months. While exports reported the highest annual gain in seven months, imports grew 6.2 percent.

In September of 2014, exports increased 6.9 percent year-on-year to ¥6383 billion. Sales to Asia, which account for more than half of the country's total exports, grew 8.1 percent. Those to India rose the most by 17.9 percent, followed by Vietnam (+15.8 percent), Philippines (+15.6 percent) and Hong Kong (+11.8 percent). Sales to China rebounded 8.8 percent, following a 0.2 percent drop a month ago. Shipments to the US rose 4.4 percent, reversing from a 4.4 percent fall in August, and those to the Western European countries were unchanged. Deliveries to the Middle East jumped 27.4 percent with those to Iran rising the most by 321.7 percent.

By commodity, shipments of transport equipment were the largest contributor to exports' increase (up 9.1 percent yoy), mainly due to a 39.5 percent rise in ship sales. Machinery exports increased 6.5 percent with metal working machinery surging by 31.7 percent. In contrast, exports of mineral fuels shrank 13.8 percent and exports, those of medical products decreased 14.9 percent and sales of parts of audio and visual apparatus contracted 23 percent.

Imports rose 6.2 percent year-on-year to ¥7341 billion. Imports of iron and steel products recorded the highest increase (42.1 percent), followed by meat (29.4 percent) and shrimps, prawns and lobsters (24.4 percent). 

In August of 2014, Japan posted  ¥948.5 billion trade deficit.

Ministry of Finance l Rida l rida@tradingeconomics.com
10/22/2014 11:54:24 AM


Recent Releases

Japan Trade Gap Narrows in August
Japanese trade deficit decreased to ¥948.5 billion in August of 2014 from ¥971.4 billion in the same month a year earlier as imports fell a bit faster than exports. Published on 2014-09-18

Japanese Trade Gap Shrinks in July
Japanese trade deficit narrowed to ¥964 billion in July of 2014 from ¥1932 billion reported in the same month a year earlier as exports grew faster than imports. Published on 2014-08-20


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-07-24 12:50 AM Japan
Balance of Trade
Jun 2014 ¥ -822.2B ¥-909B ¥-642.9B ¥ -817.3B
2014-08-20 12:50 AM Japan
Balance of Trade
Jul 2014 ¥ -964B ¥ -823.2B ¥ -703B ¥ -1155.3B
2014-09-18 12:50 AM Japan
Balance of Trade
Aug 2014 ¥ -948.5B ¥ -962.1B (R) ¥ -1028.9B ¥ -1195B
2014-10-22 12:50 AM Japan
Balance of Trade
Sep 2014 ¥ -958.3B ¥ -948.5B ¥ -777B ¥ -633.6B
2014-11-19 11:50 PM Japan
Balance of Trade
Oct 2014 ¥ -958.3B ¥ -834.5B


Japan Trade Last Previous Highest Lowest Unit
Balance of Trade -958.30 -948.50 1608.67 -2795.04 JPY Billion [+]
Exports 6383.16 5705.99 7681.69 105.08 JPY Billion [+]
Imports 7341.49 6654.46 8044.06 162.06 JPY Billion [+]
Current Account 287.10 416.70 3360.40 -1586.10 JPY Billion [+]
Current Account to GDP 0.70 1.10 4.80 -1.00 Percent [+]
External Debt 294303.00 295172.00 295172.00 141743.00 JPY Billion [+]
Terms of Trade 85.70 85.70 276.10 83.10 Index Points [+]
Foreign Direct Investment 14226.00 13397.00 18760.00 1006.00 JPY Hundreds Million [+]
Capital Flows 6676.00 3967.00 77436.00 -38968.00 JPY HML [+]
Tourist Arrivals 1269700.00 1057100.00 1231500.00 225806.00 [+]
Gold Reserves 765.22 765.22 765.22 753.55 Tonnes [+]