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

The trade gap in Japan widened 67.8 percent year-on-year to JPY 1086.9 billion in January of 2017, above market expectations of a JPY 637 billion deficit and reaching the highest shortfall in two years. Exports rose less than expected as sales to China slowed due to the Lunar New Year holidays and those to the US declined. In addition, imports recorded the first annual rise in 27 months mainly due to oil and coal. Balance of Trade in Japan averaged 367.76 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)
2016-12-18 11:50 PM Nov ¥153B ¥496.2B ¥227.4B ¥520B
2017-01-24 11:50 PM Dec ¥641.4B ¥153B ¥270B ¥150B
2017-02-19 11:50 PM Jan ¥-1087B ¥641.4B ¥-636.8B ¥550B
2017-03-21 11:50 PM Feb ¥-1087B
2017-04-19 11:50 PM Mar
2017-05-22 11:50 PM Apr




Japan January Trade Deficit At 2-Year High


The trade gap in Japan widened 67.8 percent year-on-year to JPY 1086.9 billion in January of 2017, above market expectations of a JPY 637 billion deficit and reaching the highest shortfall in two years. Exports rose less than expected as sales to China slowed due to the Lunar New Year holidays and those to the US declined. In addition, imports recorded the first annual rise in 27 months mainly due to oil and coal.

Exports increased 1.3 percent year-on-year to JPY 5421.9 billion, following a 5.4 percent jump in December and compared to expectations of a 4.7 percent rise. Sales of machinery jumped 5.2 percent; mineral fuels went up 52.3 percent; other products increased 5.1 percent, namely scientific and optical instruments (3.5 percent); parts of motor vehicles rose 12.5 percent; IC went up 8.4 percent and iron ore and steel products gained 8.1 percent. In contrast, sales of motor vehicles made the largest downward contribution and contracted 6.7 percent. Shipments to China increased 3.1 percent (12.5 percent in December) and those to the US shrank 6.6 percent (+1.3 percent in December).
 
Imports surged 8.5 percent to JPY 6508.8 billion, following a 2.6 percent fall in December and higher than market expectations of a 4.7 percent gain. It is the highest value in 16 months. Purchases of mineral fuels went up 26 percent, mainly due to petroleum (35.6 percent) and coal (52.2 percent). Imports also increased for others (7.5 percent), machinery (9.8 percent) and electrical machinery (5.3 percent). Imports from China increased 7.2 percent (-5 percent in December) and those from the US jumped 11.9 percent (+9.6 percent in December) while those from Western Europe shrank 4.8 percent (-3 percent in December).

Ministry of Finance l Joana Taborda | joana.taborda@tradingeconomics.com
2/20/2017 12:52:38 AM



Japan Trade Last Previous Highest Lowest Unit
Balance of Trade -1086.90 641.40 1608.67 -2795.04 JPY Billion [+]
Exports 5421.95 6679.02 7681.69 105.08 JPY Billion [+]
Imports 6508.82 6037.59 8047.03 162.06 JPY Billion [+]
Current Account 1112.00 1415.50 3360.40 -1456.10 JPY Billion [+]
Current Account to GDP 2.90 0.50 4.90 -1.00 percent [+]
External Debt 368563.00 364459.00 368563.00 141743.00 JPY Billion [+]
Terms of Trade 103.50 104.00 276.10 83.10 Index Points [+]
Foreign Direct Investment 21030.00 6090.00 44889.00 -3825.00 JPY Hundreds Million [+]
Capital Flows 3697.00 10875.00 52146.00 -26928.00 JPY HML [+]
Tourism Revenues 17085000.00 20522000.00 22081000.00 821000.00 JPY Thousand [+]
Tourist Arrivals 2295700.00 2050600.00 2296500.00 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 4.00 13.00 4.00 BBL/D/1K [+]



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 February of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-1086.90 641.40 1608.67 -2795.04 1963 - 2017 JPY Billion Monthly
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