Japan Balance of Trade  1963-2017 | Data | Chart | Calendar | Forecast

Japan's trade surplus narrowed 40.6 percent to JPY 481.7 billion in April 2017 from JPY 811.2 billion a year earlier and below market consensus of a JPY 520.7 billion surplus. Year-on-year, sales increased by 7.5 percent to JPY 6,329.2 billion, following a 12.0 percent gain a month earlier and below expectations of a 7.8 percent rise. Imports jumped 15.1 percent to JPY 5,847.4 billion, following a 15.8 percent growth in the prior month and faster than estimates of a 14.8 percent gain. Balance of Trade in Japan averaged 368.86 JPY Billion from 1963 until 2017, 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.

Japan Balance of Trade
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-03-21 11:50 PM Feb ¥813.4B ¥-1087B ¥822B ¥800B
2017-04-19 11:50 PM Mar ¥615B ¥813.4B ¥575.8B ¥500B
2017-05-21 11:50 PM Apr ¥482B ¥615B ¥520.7B ¥550B
2017-06-19 11:50 PM May ¥482B
2017-07-24 11:50 PM Jun
2017-08-17 11:50 PM Jul




Japan Trade Surplus Narrows 40.6% YoY In April


Japan's trade surplus narrowed 40.6 percent to JPY 481.7 billion in April 2017 from JPY 811.2 billion a year earlier and below market consensus of a JPY 520.7 billion surplus. It was the smallest trade surplus since January, as exports rose less than imports.

In April, sales increased by 7.5 percent from a year earlier to JPY 6,329.2 billion, compared to a 12.0 percent gain in a month earlier while market expected a 7.8 percent rise. It was the fifth straight month of increase, as sales of machinery grew 11.3 percent, boosted by power generating machine (16.4 percent) and semicon machinery (29.9 percent). Also, exports of chemicals rose 10.8 percent; and those of manufactured goods went up 7.1 percent, led by iron and steel products (18.1 percent). Exports of electrical machinery advanced 6.7 percent, due to higher sales of semiconductors (11.1 percent) and electrical apparatus (14 percent). In addition, exports of transport equipment went up 1.3 percent, as sales of motor vehicles rose 1.8 percent.

Among major trading partners, exports rose to China (14.8 percent), the US (2.6 percent), the EU (2.2 percent), South Korea (22.3 percent), Taiwan (14.7 percent), Hong Kong (3.2 percent) and Thailand (8.4 percent).

Imports jumped 15.1 percent to JPY 5,847.4 billion, following a 15.8 percent rise in the prior month and faster than estimates of a 14.8 percent growth. Purchases rose for all categories: Mineral fuels (58.7 percent); foodstuff (6.6 percent); raw materials (13.2 percent); chemicals (3.7 percent); manufactured goods (8.0 percent); machinery (5.3 percent), electrical machinery (16.0 percent), transport equipment (1.6 percent) and others (1.7 percent).

Among major trading partners, imports rose from China (7.5 percent), the US (9.8 percent), the EU (5.4 percent), South Korea (16.8 percent) and Taiwan (4.4 percent).

Ministry of Finance l Rida Husna | rida@tradingeconomics.com
5/22/2017 7:41:31 AM



Japan Trade Last Previous Highest Lowest Unit
Balance of Trade 481.75 614.05 1608.67 -2795.04 JPY Billion [+]
Exports 6329.20 7229.08 7681.69 105.08 JPY Billion [+]
Imports 5847.45 6615.59 8047.03 162.06 JPY Billion [+]
Current Account 2907.70 2813.60 3360.40 -1456.10 JPY Billion [+]
Current Account to GDP 3.70 3.10 4.70 -1.00 percent [+]
External Debt 399002.00 399002.00 399002.00 141743.00 JPY Billion [+]
Terms of Trade 102.50 101.90 276.10 83.10 Index Points [+]
Foreign Direct Investment 24228.00 21355.00 44889.00 -3825.00 JPY Hundreds Million [+]
Capital Flows 49934.00 17633.00 51843.00 -26928.00 JPY HML [+]
Tourism Revenues 14478000.00 12476000.00 22081000.00 821000.00 JPY Thousand [+]
Tourist Arrivals 2578900.00 2205700.00 2578900.00 225806.00 [+]
Gold Reserves 765.20 765.20 765.20 753.54 Tonnes [+]
Terrorism Index 2.45 0.00 2.52 0.00 [+]
Crude Oil Production 4.00 3.00 13.00 3.00 BBL/D/1K [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Japan Balance of Trade Notes

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 2017.

Actual Previous Highest Lowest Dates Unit Frequency
481.75 614.05 1608.67 -2795.04 1963 - 2017 JPY Billion Monthly
Current Prices, NSA



balance of trade by Country

Last
Australia 3107.00 Mar/17
Brazil 6969.00 Apr/17
Canada -134.70 Mar/17
China 380.48 Apr/17
Euro Area 30899.90 Mar/17
France -5353.00 Mar/17
Germany 25385.00 Mar/17
India -13249.19 Apr/17
Indonesia 1238.30 Apr/17
Italy 5418.04 Mar/17
Japan 481.75 Apr/17
Mexico -183.00 Mar/17
Netherlands 6719.00 Mar/17
Russia 12598.00 Mar/17
South Korea 13254.00 Apr/17
Spain -2606000.00 Feb/17
Switzerland 1968.00 Apr/17
Turkey -4492.00 Mar/17
United Kingdom -4900.00 Mar/17
United States -43706.00 Mar/17