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

Japan recorded a 754.9 JPY billion surplus in March of 2016, widening from a 223.47 JPY billion surplus a year earlier but missing market consensus of 834.6 JPY billion surplus. It is the largest surplus since October 2010 as exports dropped by 6.8 percent year-on-year while imports shrank at a faster 14.9 percent. In February 2016, trade surplus was recorded at 242.16JPY billion. Balance of Trade in Japan averaged 369.34 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
754.99 242.77 1608.67 -2795.04 1963 - 2016 JPY Billion Monthly
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 May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-02-17 11:50 PM Jan ¥-645.9B ¥140B ¥-680.2B ¥ -105B
2016-03-16 11:50 PM Feb ¥242.8B ¥-645.9B ¥388.6B ¥ -245.8B
2016-04-19 11:50 PM Mar ¥755B ¥242.8B ¥834.6B ¥-74.64B
2016-05-24 11:50 PM Apr ¥755B -199.2B
2016-06-16 11:50 PM May 146.9B
2016-07-22 11:50 PM Jun 228.4B

Japan Trade Surplus Largest in Over 5 Years


Japan recorded a 754.9 JPY billion surplus in March of 2016, widening sharply from a 223.47 JPY billion surplus a year earlier but missing market consensus of 834.6 JPY billion surplus. It is the largest surplus since October 2010 as exports fell less than imports.

Year-on-year, sales dropped by 6.8 percent to 6,456.66 JPY billion, marking the sixth straight month af fall. Among the country's main export partners, sales decreased to China (-7.1 percent), South Korea (-13.5 percent), Taiwan (-8.8 percent), Hong Kong (-2.9 percent), Thailand (-15.8 percent), Indonesia (-21.3 percent) and India (-15.2 percent). Outbound shipments also fell to the US (-5.1 percent), the Middle East (-17.8 percent), Russia (-22.8 percent), Australia (-3.4 percent) and South Africa (-28.2 percent). In contrast, exports rose 13.3 percent to Western Europe.

By product, shipments of mineral fuels dropped the most by 25.4 percent), followed by raw materials (-20.3 percent), manufactured goods (-18.8 percent), chemicals (-11.1 percent), machinery (-10.1 percent), electrical machinery (-7.1 percent) and others (-0.6 percent). In contrast, sales rose for foodstuff (+3.2 percent) and transport equipment (+3.3 percent, mainly due to a 1.3 percent increase in motor vehicles).

Imports dropped by 14.9 percent to 5,701.62 JPY billion, the 15th straight month of decline. Purchases declined from South Korea (-17.7 percent), Taiwan (-3.8 percent), Thailand (-12.4 percent), Malaysia (-33.4 percent), Indonesia (-19.9 percent) and India (-15.8 percent). Imports also fell from the US (-20.0 percent), Western Europe (-6.4 percent), Russia (-21.4 percent), the Middle East (-39.4 percent) and South Africa (-41.2 percent). In contrast, inbound shipments rose 6.3 percent from China.

Purchases decreased the most for mineral fuels (-37.8 percent), mainly due to petroleum: -36.1 percent, petroleum products: -46.3 percent, LNG: - 43.7 percent: LPG -29.1 percent and coal: -19.4 percent . Imports also fell for foodstuff (-6.0 percent), raw materials (-24.9 percent), chemicals (-7.4 percent), manufactured goods (-8.1 percent), machinery (-1.0 percent), electrical machinery (-10.2 percent) and transport equipment (-15.7 percent). In contrast, purchases rose 6.0 percent for others.

In February 2016, trade surplus was recorded at 242.16 JPY billion. 

Ministry of Finance l Rida Husna | rida@tradingeconomics.com
4/20/2016 12:28:04 PM

Japan Trade Last Previous Highest Lowest Unit
Balance of Trade 754.99 242.77 1608.67 -2795.04 JPY Billion [+]
Exports 6456.60 5703.37 7681.69 105.08 JPY Billion [+]
Imports 5701.61 5460.60 8047.03 162.06 JPY Billion [+]
Current Account 2434.90 520.80 3360.40 -1596.90 JPY Billion [+]
Current Account to GDP 2.90 0.50 4.90 -1.00 percent [+]
External Debt 355449.00 349200.00 355449.00 141743.00 JPY Billion [+]
Terms of Trade 109.70 109.30 276.10 83.10 Index Points [+]
Foreign Direct Investment 15272.00 10708.00 37754.00 -3825.00 JPY Hundreds Million [+]
Capital Flows 31520.00 6916.00 46032.00 -26928.00 JPY HML [+]
Tourism Revenues 154439000.00 127049000.00 313197000.00 71965000.00 JPY Thousand [+]
Tourist Arrivals 2009500.00 1891400.00 2009500.00 225806.00 [+]
Gold Reserves 765.20 765.20 765.20 753.54 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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