Japan Balance of Trade

Japan recorded a trade deficit of 802.53 JPY Billion in February of 2014. Balance of Trade in Japan is reported by the Ministry of Finance Japan. Balance of Trade in Japan averaged 401.44 JPY Billion from 1963 until 2014, reaching an all time high of 1608.68 JPY Billion in September of 2007 and a record low of -2791.68 JPY Billion in January of 2014. 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. 2014-04-17

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-802.53 -2791.68 1608.68 -2791.68 -1197.06 | 2014/03 1963 - 2014 JPY Billion Monthly

TO

Japan Balance of Trade
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-12-17 11:50 PM Japan
Balance of Trade
Nov 2013 ¥-1293B ¥-1,090.7B ¥-1,319.0B ¥ -536.2B
2014-01-26 11:50 PM Japan
Balance of Trade
Dec 2013 ¥-1302B ¥-1293B ¥-1223B ¥ -1077.9B
2014-02-19 11:50 PM Japan
Balance of Trade
Jan 2014 ¥-2790B ¥-1302B ¥-24892B ¥ -924.7B
2014-03-18 11:50 PM Japan
Balance of Trade
Feb 2014 ¥-800B ¥-2790B ¥-590B ¥ -1431.3B
2014-04-21 12:50 AM Japan
Balance of Trade
Mar 2014 ¥ -800B ¥ -1197B
2014-05-21 12:50 AM Japan
Balance of Trade
Apr 2014 ¥ -1580.7B
[+]

Trade Last Previous Highest Lowest Forecast Unit
Capital Flows -7361.00 2014-02-15 -14778.00 77436.00 -38968.00 -8176.87 2014-03-31 JPY HML [+]
External Debt 295172.00 2013-12-31 274966.00 295172.00 141743.00 297619.72 2014-03-31 JPY Billion [+]
Foreign Direct Investment 14226.00 2013-12-15 13397.00 18760.00 1006.00 10000.98 2014-01-31 JPY Hundreds Million [+]
Japan Exports Australia 126272.00 2014-02-15 110155.00 175892.00 2493.00 132603.48 2014-03-31 JPY Million [+]
Japan Exports China 1074379.00 2014-02-15 862286.00 1285122.00 499.00 1190143.72 2014-03-31 JPY Million [+]
Terms of Trade 85.60 2014-03-15 85.60 276.10 83.10 85.72 2014-03-31 Index Points [+]
Tourist Arrivals 880000.00 2014-02-15 943900.00 1003032.00 225806.00 941031.53 2014-03-31 [+]
Current Account 612.70 2014-02-28 -1589.00 3287.90 -1589.00 -118.32 2014-03-31 JPY Billion [+]
Exports 5799.31 2014-02-15 5252.38 7681.69 105.08 6523.79 2014-03-31 JPY Billion [+]
Imports 6601.84 2014-02-15 8044.06 8044.06 162.06 7292.87 2014-03-31 JPY Billion [+]
Balance of Trade -802.53 2014-02-15 -2791.68 1608.68 -2791.68 -1197.06 2014-03-31 JPY Billion [+]
Current Account to GDP 0.70 2013-12-31 1.10 4.80 -1.00 0.40 2014-06-30 Percent [+]
[+]


Japan Marks a Record 20-Month Run of Trade Deficits

Japanese trade balance came to a deficit of ¥800.3 billion in February of 2014, narrower than a record gap of ¥2.8 trillion reported in January of 2014 but larger than a deficit of ¥781.3 billion reported in the same month of 2013.

Exports by value rose 9.8 percent to 5.8 trillion yen. Shipments to China surged 27.7 percent and to Hong Kong by 24 percent. Exports to the United States grew by 5.7 percent and to Western Europe by 11.7 percent.

Imports rose 9 percent year-on-year to 6.6 trillion yen. While iInward shipments of crude oil declined by 6.4 percent after a 28.1 percent surge in January of 2014, domestic importers rushed to stock up on luxury cars, electronics and  furniture ahead of an increase in the sales tax on April 1.

Ministry of Finance, Japan | anna@tradingeconomics.com
3/19/2014 12:27:52 AM

RECENT RELEASES

Japan Reports Record Trade Deficit in January
Japanese trade deficit widened to 2.79 trillion yen in January of 2014 from 1.6 trillion yen reported in the same month of 2013. Imports surged 25 percent while exports grew only 9.5 percent. Published on 2014-02-20

Japan Reports Record Annual Trade Deficit in 2013
In 2013, Japan's trade deficit widened to 11.47 trillion yen from 6.94 trillion yen in the previous year as rising costs for imports outstripped growth in export . It was a third straight year of deficit and the longest since record began in 1979. Published on 2014-01-27


Balance of Trade | Notes
The balance of trade is the difference between the monetary value of exports and imports in an economy over a certain period of time. A positive balance of trade is known as a trade surplus and occurs when value of exports is higher than that of imports; a negative balance of trade is known as a trade deficit or a trade gap.


RELATED NEWS

Bank of Japan Leaves Monetary Stimulus Unchanged  
At its April 8th, 2014 meeting, the Bank of Japan maintained its commitment to increase base money at an annual pace of 60 trillion to 70 trillion yen, as widely expected, despite a sales tax hike, saying the economy is recovering moderately.
Japan Unemployment Rate Falls to 3.6% in February  
Japan's jobless rate declined to the lowest in more than six years in February and the availability of jobs improved to the highest in more than six years.
Japan Annual Inflation Rate Up 1.5% in February  
The consumer price index for Japan in February 2014 was 100.7 (2010=100), the same level as the previous month, and up 1.5% over the year.
Japan Marks a Record 20-Month Run of Trade Deficits  
Japanese trade balance came to a deficit of ¥800.3 billion in February of 2014, narrower than a record gap of ¥2.8 trillion reported in January of 2014 but larger than a deficit of ¥781.3 billion reported in the same month of 2013.
BoJ Leaves Monetary Policy Unchanged  
Bank of Japan decided on March 11th to leave the monetary policy steady and keep buying enough government bonds to boost monetary base at an annual pace of about 60-70 trillion yen, saying the economy was picking up.
Japan GDP Growth Revised Down to 0.2% in Q4  
Japan's economy expanded 0.2 percent in the last three months of 2014 from the previous quarter, revised down from a preliminary 0.3 percent expansion due to slower growth in capital spending and private consumption.
Japanese Unemployment Rate Unchanged at 3.7% in January  
Japan's jobless rate held steady at the lowest level in six years in January and the number of employed persons increased 0.5% to 62.62 million.
Japanese Inflation Rate Levells Off in January  
Japan's consumer price index increased 1.4 percent on a year in January, down from 1.6 percent reported a month earlier. The cost of energy, transportation and food increased the most while prices of housing and medical care decreased.
Japan Reports Record Trade Deficit in January  
Japanese trade deficit widened to 2.79 trillion yen in January of 2014 from 1.6 trillion yen reported in the same month of 2013. Imports surged 25 percent while exports grew only 9.5 percent.
Bank of Japan Expands Loan Support Programme  
At its February 18th, 2014 meeting, the Bank of Japan decided to keep boosting the monetary base at an annual pace of about 60-70 trillion yen. The central bank also decided to extend two facilities that were set to expire in April, aiming to stimulate bank lending.
MORE RELATED NEWS

LATEST NEWS

Russia Unemployment Drops in March  
Russian jobless rate fell for the first time in four months to 5.4 percent, after remaining stable at 5.6 percent in the previous two months.
Canada Inflation Rises Above Forecasts in March  
The annual consumer prices in Canada accelerated to 1.5 percent in March of 2014 following a 1.1 increase in the previous month, as energy prices surged.
US Jobless Claims Rise Slightly  
In the week ending April 12, the advance figure for seasonally adjusted initial claims was 304,000, an increase of 2,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 300,000 to 302,000. There were no special factors impacting this week's initial claims.
Brazil Unemployment Rate Down to 5%  
In March of 2014, Brazil’s jobless rate fell by 0.1 percentage point to 5 percent, below market forecasts. A year earlier, unemployment reached 5.7 percent.
Dutch Unemployment Rate Falls for the First Time in 2014  
In March of 2014, Netherlands’ seasonally adjusted jobless rate fell to 8.7 percent from 8.8 percent in the previous month and 8.1 percent a year earlier, as more people left permanently the labor market rather than found jobs.
Singaporean Trade Surplus Narrows Sharply in March  
The trade surplus decreased 51.1 percent in March of 2014 over a year earlier and 47.2 percent from February to SGD 2.3 billion. Imports rose at a faster pace than exports, as sales of pharmaceuticals and electronics fell, while shipments of petrochemicals and re-exports contributed to overall increase.
Mozambique Leaves Lending Rate Steady at 8.25%  
At its April 16th, 2014 meeting, Bank of Mozambique left its benchmark interest rate unchanged at 8.25 percent for the sixth consecutive meeting, saying this was consistent with meeting domestic economic targets for 2014.
Spanish Trade Deficit Narrows to 4-Month Low  
In February of 2014, Spanish trade gap decreased to € 1.62 billion, down from € 2.82 billion in the previous month. Compared with the same month a year earlier, the trade deficit widened 37 percent.
Angolan Inflation Rate Down To 7.32% in March  
The annual consumer prices in Angola decelerated for the second consecutive month to 7.32 percent in March of 2014, from 7.48 percent recorded in February of 2014.
Russia GDP Growth Slows Sharply in Q1  
Russian economy advanced an annual 0.8 percent in the first quarter of 2014, well below the 2 percent expansion recorded in the previous three-month period, Russia's Economy Minister Alexei Ulyukayev said addressing the parliament.
MORE TOP NEWS

OVERVIEW    |     WORLBANK    |     [+] Calendar    |     [+] Countries    |     [+] Indicators    |     News






Markets

GDP

Labour

Prices

Money

Trade

Government

Business

Consumer

Taxes

Housing