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

Japan recorded a 513.5 JPY billion surplus in July of 2016, compared to a 261.39 JPY billion deficit a year earlier and beating market consensus of a 283.7 JPY billion surplus, as exports fell less than imports. Year-on-year, sales dropped by 14.0 percent to 5,728.41 JPY billion in July, following a 7.4 percent fall in June and in line with estimates. Imports decreased by 24.7 percent to 5,214.90 JPY billion, compared to a 18.8 percent decrease in a month earlier while markets expected a 20.6 percent drop. In June 2016, the country posted a 692.83 JPY billion trade surplus. Balance of Trade in Japan averaged 370.15 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
513.51 693.09 1608.67 -2795.04 1963 - 2016 JPY Billion Monthly
Current Prices, NSA
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 August of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-06-19 11:50 PM May ¥ -41B ¥ 824B ¥40B ¥267B
2016-07-24 11:50 PM Jun ¥ 693B ¥-41B ¥ 494.8B ¥ 370.5B
2016-08-17 11:50 PM Jul ¥ 513.5B ¥693B ¥283.7B ¥ 466.3B
2016-09-20 11:50 PM Aug ¥ 513.5B 322.22
2016-10-23 11:50 PM Sep 545.83
2016-11-21 11:50 PM Oct 443.45

Japan Trade Balance Swings to Surplus in July


Japan recorded a 513.5 JPY billion surplus in July of 2016, compared to a 261.39 JPY billion deficit a year earlier and beating market consensus of a 283.7 JPY billion surplus, as exports fell less than imports

Year-on-year, sales dropped by 14.0 percent to 5,728.41 JPY billion, following a 7.4 percent fall in June and in line with estimates. It was the 10th consecutive month of decline and the fastest fall since October 2009, as sales to most of the country's main export partners declined. Those to China decreased by 12.7 percent, followed by South Korea (-9.2 percent), Singapore (-9.7 percent), Hong Kong (-22.6 percent), Thailand (-20.5 percent), Indonesia (-8.3 percent) and India (-20.9 percent). Sales to the US decreased by 11.8 percent, the EU countries (-6.5 percent), Western Europe (-5.4 percent), the Middle East (-30.8 percent) and South Africa (-33.1 percent). In contrast, exports were higher by 14.2 percent to Russia.

By product, shipments decreased for all categories: foodstuff (-3.4 percent), raw materials (-24.4 percent), mineral fuels (-40.6 percent), chemicals (-11.7 percent, mainly due to organic chemicals: -23.6 percent and plastic materials: -10.9 percent), manufactured goods (-19.3 percent), machinery (-9.8 percent, mostly driven by power generating machine: -15.9 percent, computers and units: -14.7 percent), parts of computers: -19.6 percent and metalworking machinery: -23.7 percent), electrical machinery (-13.4 percent, contributed by semiconductors: -11.4 percent, visual apparatus: -32.4 percent, audio apparatus: -11.8 percent, parts of audio visual apparatus: -25.0 percent and electrical power machinery:-11.4 percent), transport equipment (-15.4 percent) and others (-10.8 percent).

Imports fell 24.7 percent to 5,214.90 JPY billion in July, compared to a 18.8 percent decrease in  a month earlier while market expected a 20.6 percent drop. It was the 19th straight month of decline as purchases from most of the country's trading partners fell. Imports from China dropped by 21.7 percent, followed by Hong Kong  (-51.8 percent), South Korea (-20.5 percent), Thailand (-22.7 percent), Malaysia (-38.9 percent) and Indonesia (-26.7 percent). Those from the US decreased by 15.2 percent, Western Europe (-17.1 percent), Russia (-43.2 percent), the EU countries (-15.7 percent), the Middle East (-41.3 percent), Australia (-28.3 percent) and South Africa (-44.7 percent).

Purchases declined for most categories, including foodstuff (-15.0 percent), raw materials (-27.6 percent, mainly due to wood: -5.4 percent, ore of nonferrous: -31.0 percent and iron ore and concentrates: -35.6 percent), mineral fuels (-41.9 percent, largely due to petroleum: -42.6 percent, petroleum products: -45.2 percent, LNG: - 43.2 percent: LPG -35.0 percent and coal: -34.8 percent),  chemicals (-21.1 percent), manufactured goods (-23.7 percent), machinery (-21.3 percent), electrical machinery (-22.9 percent) and others (-14.8 percent). In contrast, imports grew by 3.4 percent for transport equipment, mainly due to a 21.1 percent increase in motor vehicles.

 In June 2016, the country posted a 692.83 JPY billion trade surplus. 



Ministry of Finance l Rida Husna | rida@tradingeconomics.com
8/18/2016 2:04:03 AM

Japan Trade Last Previous Highest Lowest Unit
Balance of Trade 513.51 693.09 1608.67 -2795.04 JPY Billion [+]
Exports 5728.41 6025.82 7681.69 105.08 JPY Billion [+]
Imports 5214.90 5332.73 8047.03 162.06 JPY Billion [+]
Current Account 974.40 1809.10 3360.40 -1456.10 JPY Billion [+]
Current Account to GDP 2.90 0.50 4.90 -1.00 percent [+]
External Debt 364958.00 355449.00 364958.00 141743.00 JPY Billion [+]
Terms of Trade 107.00 108.20 276.10 83.10 Index Points [+]
Foreign Direct Investment 3375.00 5756.00 37754.00 -3825.00 JPY Hundreds Million [+]
Capital Flows 14391.00 40914.00 52146.00 -26928.00 JPY HML [+]
Tourism Revenues 17999000.00 22081000.00 22081000.00 821000.00 JPY Thousand [+]
Tourist Arrivals 2296500.00 1985700.00 2296500.00 225806.00 [+]
Gold Reserves 765.22 765.20 765.22 753.54 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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