Japan Balance of Trade

Japan recorded a trade deficit of 822.24 JPY Billion in June of 2014. Balance of Trade in Japan averaged 392.39 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. Balance of Trade in Japan is reported by the Ministry of Finance Japan.

   
 
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Japan Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
-822.24 -910.76 1608.68 -2791.68 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.


Japan Trade Deficit Narrows in June


The Japanese trade gap decreased to ¥822.2 billion in June of 2014 from a ¥908.9 billion shortfall in the previous month as sluggish exports continued to happen while imports remain considerably high.

Exports fell 2.0 percent year-on-year to ¥ 5939 billion in June from ¥6058 billion a year ago. Sales to Asia shrank 3.8 percent, with shipments to India contracting the most (-20.8 percent). Exports to the United States declined 2.2 percent and sales to China rose 1.5 percent.

By commodity, shipments of parts of audio and visual apparatus recorded the highest decrease (-21.4 percent) followed by mineral fuels (-18.3 percent), medical products (-15.5 percent), ships (-12.6 percent) and recoded media (-9.8 percent). Exports of machinery fell slightly (0.4 percent).

Imports rose 8.4 percent year-on-year to ¥6761 billion from ¥6269 billion in June of 2013. While purchases of machinery increased 14.2 percent, imports of manufactured goods rose 14 percent, namely iron and steel products (28.5 percent). Inbound shipments of chemicals increased 10.8 percent from a year ago, namely organic chemical (22.8 percent). Imports of raw materials rose 10.6 percent, driven by ore of nonferrous (39.7 percent). Purchases of foodstuff increased 10.1 percent, namely meat and meat preparation (24.9 percent) and imports of mineral fuels added 8.3 percent, namely petroleum products (35.5 percent).

Ministry of Finance l Rida l rida@tradingeconomics.com
7/24/2014 10:48:54 AM


Recent Releases

Japan Trade Deficit Widens in May on Falling Exports
The Japanese trade gap increased to ¥908.9 billion in May of 2014 from a revised ¥811.7 billion shortfall in the previous month, as exports fell more than imports, hurt by weak demand from Asia and the United States. Published on 2014-06-18

Japan Trade Deficit Narrows in April
Japan's trade gap dropped to ¥808.9 billion in April of 2014, down from a revised ¥1446 billion shortfall in the previous month as exports rose faster than expected and imports growth slowed. Published on 2014-05-21


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-04-21 12:50 AM Japan
Balance of Trade
Mar 2014 ¥-1446.3B ¥ -802.5B (R) ¥-1070B ¥ -1197B
2014-05-21 12:50 AM Japan
Balance of Trade
Apr 2014 ¥ -808.9B ¥-1446.3B ¥ -646B ¥ -1686.1B
2014-06-18 12:50 AM Japan
Balance of Trade
May 2014 ¥-909B ¥ -811.7B (R) ¥ -1173B ¥ -1765.5B
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 ¥ -822.2B ¥ -1258.4B


Trade Last Previous Highest Lowest Unit
Balance of Trade -822.24 -910.76 1608.68 -2791.68 JPY Billion [+]
Exports 5939.64 5607.39 7681.69 105.08 JPY Billion [+]
Imports 6761.88 6518.15 8044.06 162.06 JPY Billion [+]
Current Account 522.80 187.40 3360.40 -1589.00 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 85.90 276.10 83.10 Index Points [+]
Foreign Direct Investment 14226.00 13397.00 18760.00 1006.00 JPY Hundreds Million [+]
Capital Flows 8906.00 -16431.00 77436.00 -38968.00 JPY HML [+]
Tourist Arrivals 1097200.00 1231500.00 1231500.00 225806.00 [+]
Gold Reserves 765.22 765.22 765.22 753.55 Tonnes [+]





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