Japan Balance of Trade  1963-2016 | Data | Chart | Calendar | Forecast

Japan recorded a 40.72 JPY billion deficit in May of 2016, compared to a 215.35 JPY billion gap a year earlier and missing market consensus of a surplus. It was the first deficit since January. Exports dropped by 11.3 percent to 5,090.95 JPY billion, while markets expected a 10.4 percent decline. Imports decreased by 13.8 percent to 5,953.22 JPY billion and matching market consensus. In April 2016, the country posted a 823.47 JPY billion trade surplus, the largest since March 2010. Balance of Trade in Japan averaged 369.43 JPY Billion from 1963 until 2016, 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
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Actual Previous Highest Lowest Dates Unit Frequency
-40.72 823.47 1608.67 -2795.04 1963 - 2016 JPY Billion Monthly
Current Prices, NSA
Between 1980 and 2010 Japan had been recording trade surpluses every year due to rising exports. But since the Fukushima nuclear disaster in March 2011, trade balance swing to deficit due to the weakening of the Japanese yen and increased purchases of fossil fuels and gas. In 2015, trade gap fell 77.9 percent from a record high deficit in the previous year, helped by plunge in oil prices. In 2015, the biggest trade surpluses were recorded with: United States, Hong Kong, South Korea, Taiwan and Singapore. The biggest trade deficits were recorded with: China, Australia, Saudi Arabia, United Arab Emirates, Russia and Malaysia. This page provides - Japan Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Japan Balance of Trade - actual data, historical chart and calendar of releases - was last updated on June of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-04-19 11:50 PM Mar ¥755B ¥242.8B ¥834.6B ¥-74.64B
2016-05-22 11:50 PM Apr ¥ 824B ¥755B ¥492.8B -199.2B
2016-06-19 11:50 PM May ¥ -41B ¥ 824B ¥40B ¥267B
2016-07-24 11:50 PM Jun ¥-41B ¥ 370.5B
2016-08-17 11:50 PM Jul ¥ 426.8B
2016-09-20 11:50 PM Aug ¥ 259.6B

Japan Posts 1st Trade Deficit in 4 Months


Japan recorded a 40.72 JPY billion deficit in May of 2016, compared to a 215.35 JPY billion gap a year earlier and missing market consensus of a surplus. It was the first deficit since January.

Year-on-year, sales dropped by 11.3 percent to 5,090.95 JPY billion in May, while markets expected a 10.4 percent decline. It was the 8th consecutive month of decline and the fastest fall since January as sales to the country's main export partners fell. Those to China declined by 14.9 percent, followed by South Korea (-9.1 percent), Singapore (-5.6 percent), Hong Kong (-23.3 percent), Thailand (-16.8 percent), Indonesia (-9.0 percent) and India (-10.8 percent). Sales also fell to the US (-10.7 percent), the EU countries (-4.0 percent), Western Europe (-3.5 percent), the Middle East (-10.7 percent), Russia (-13.3 percent) and South Africa (-34.3 percent). 

By product, shipments of raw materials dropped the most by 19.5 percent year-on-year), followed by manufactured goods (-18.1 percent) and electrical machinery (-16.1 percent, contributed by semiconductors: -20.0 percent, visual apparatus: -23.3 percent, audio apparatus: -12.1 percent, parts of audio visual apparatus: -27.8 percent and electrical power machinery:-13.0 percent), chemicals (-12.6 percent, driven by organic chemicals: -24.5 percent and plastic materials:-12.9 percent) and others (-12.3 percent). Sales also declined for: machinery (-9.5 percent, mainly due to power generating machine: -13.4 percent, computers and units :-8.9 percent, parts of computer: -24.0 percent and metalworking machinery:-29.2 percent), mineral fuels (-7.5 percent), transport equipment (-3.3 percent) and foodstuff (-0.9 percent).

Imports decreased by 13.8 percent from a year earlier to 5,953.22 JPY billion. It was the 17th straight month of decline and matching market estimates. Purchases fell from most of the country's trading partners, including China (-9.7 percent), Hong Kong (-16.2 percent), Taiwan (-5.8 percent), South Korea (-21.4 percent), Thailand (-10.4 percent) and Malaysia (-20.0 percent). Imports also declined from the US (-8.5 percent), Russia (-26.0 percent), the EU countries (-1.5 percent), the Middle East (-30.7 percent) and South Africa (-28.4 percent). In contrast, imports rose from Germany (+11.1 percent, Italy (+11.3 percent) and Belgium (+37.4 percent).

Purchases decreased for most categories: mineral fuels (-33.5 percent), mainly due to petroleum: -30.6 percent, petroleum products: -51.5 percent, LNG: - 41.9 percent: LPG -34.6 percent and coal: -6.5 percent, foodstuff (-8.9 percent), raw materials (-18.9 percent), chemicals (-6.3 percent), manufactured goods (-13.5 percent), machinery (-6.7 percent), electrical machinery (-9.1 percent) and others (-3.8 percent). In contrast, purchases rose 3.0 percent for transport equipment

In April 2016, the country posted a  823.47 JPY billion trade surplus, the largest since March 2010.

Ministry of Finance l Rida Husna | rida@tradingeconomics.com
6/20/2016 11:33:43 AM

Japan Trade Last Previous Highest Lowest Unit
Balance of Trade -40.72 823.47 1608.67 -2795.04 JPY Billion [+]
Exports 5090.95 5889.17 7681.69 105.08 JPY Billion [+]
Imports 5131.67 5065.69 8047.03 162.06 JPY Billion [+]
Current Account 1878.50 2980.40 3360.40 -1456.10 JPY Billion [+]
Current Account to GDP 2.90 0.50 4.90 -1.00 percent [+]
External Debt 364958.00 355449.00 364958.00 141743.00 JPY Billion [+]
Terms of Trade 109.90 110.10 276.10 83.10 Index Points [+]
Foreign Direct Investment 10348.00 11804.00 37754.00 -3825.00 JPY Hundreds Million [+]
Capital Flows 14997.00 53325.00 53325.00 -26928.00 JPY HML [+]
Tourism Revenues 170916000.00 154439000.00 313197000.00 71965000.00 JPY Thousand [+]
Tourist Arrivals 1893600.00 2081800.00 2081800.00 225806.00 [+]
Gold Reserves 765.22 765.20 765.22 753.54 Tonnes [+]
Terrorism Index 0.00 0.09 2.52 0.00 [+]
Crude Oil Production 4.00 4.00 13.00 4.00 BBL/D/1K [+]




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