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

Japan posted a JPY 614.7 billion trade surplus in March of 2017, smaller than a JPY 744.9 billion surplus a year earlier but above market expectations of a JPY 575.8 billion surplus, as exports rose less than imports. Year-on-year, sales increased by 12.0 percent to JPY 7,229.1 billion, compared to a 11.3 percent gain in a month earlier while market expected a 6.7 percent rise. It was the fourth straight month of increase and the fastest since January 2015. Imports jumped 15.8 percent to JPY 6,614.4 billion, following a 1.2 percent growth in the prior month and faster than consensus of a 10.4 percent growth. It was the biggest gain in more than three years. In February 2017, the trade surplus came in at JPY 813.4 billion. Balance of Trade in Japan averaged 368.69 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)
2017-02-19 11:50 PM Jan ¥-1087B ¥641.4B ¥-636.8B ¥550B
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
2017-05-22 11:50 PM Apr ¥615B
2017-06-19 11:50 PM May
2017-07-24 11:50 PM Jun




Japan Trade Surplus Narrows 17.5% YoY In March


Japan posted a JPY 614.7 billion trade surplus in March of 2017, smaller than a JPY 744.9 billion surplus a year earlier but above market expectations of a JPY 575.8 billion surplus, as exports rose less than imports.

In March, sales increased by 12.0 percent year-on-year to JPY 7,229.1 billion, compared to a 11.3 percent gain in a month earlier while market expected a 6.7 percent rise. It was the fourth straight month of increase and the fastest since January 2015, as sales went up for all commodities: manufactured goods (10.5 percent, namely iron and steel products: 15.6 percent, non-ferrous metals: 17.5 percent and rubber manufactured: 6.5 percent), machinery (14.0 percent, namely power generating machine: 13.5 percent, parts of computers: 16.3 percent, construction machines: 11.9 percent and heating or cooling machine: 18.9 percent), electrical machinery (10.9 percent, namely semiconductors etc: 7.6 percent, IC: 10.0 percent), electrical power machinery: 17.2 percent, electrical measuring: 13.0 percent and electrical apparatus: 22.9 percent), transport equipment (4.0 percent, namely parts of motor vehicles: 21.2 percent and motorcycles, autocycles: 9.6 percent), others (22.1 percent, namely scientific, optical instruments: 25.5 percent and blank/recorded media: 9.6 percent), chemicals (14.2 percent, namely organic chemicals: 17.5 percent and plastic materials: 12.4 percent), raw materials (24.0 percent), mineral fuels (33.8 percent) and foodstuff (13.9 percent).

Outbound shipments to China rose 16.4 percent (from 28.2 percent in February) and those to the US increased by 3.5 percent (from 0.4 percent). Sales also went up to Western Europe (6.7 percent from 4.2 percent), Oceania (23.9 percent from 23.6 percent), Russia (10.9 percent from 28.2 percent) and Africa (12.7 percent from -13.0 percent). In contrast, exports fell to the Middle East countries (-2.6 percent from -13.5 percent).

Imports jumped 15.8 percent to JPY 6,614.4 billion, following a 1.2 percent growth in the prior month and faster than consensus of a 10.4 percent growth. It was the biggest gain in three years, as purchases rose for all components: foodstuff (12.6 percent), raw materials (15.3 percent), mineral fuels (36.3 percent), chemicals (13.8 percent), manufactured goods (12.9 percent), machinery (6.1 percent), electrical machinery (10.6 percent), transport equipment (9.5 percent) and others (9.2 percent).

In February 2017, the trade surplus came in at JPY 813.4 billion.

Ministry of Finance | Rida Husna | rida@tradingeconomics.com
4/20/2017 10:27:45 AM



Japan Trade Last Previous Highest Lowest Unit
Balance of Trade 614.72 813.55 1608.67 -2795.04 JPY Billion [+]
Exports 7229.08 6347.48 7681.69 105.08 JPY Billion [+]
Imports 6614.36 5533.94 8047.03 162.06 JPY Billion [+]
Current Account 2813.60 65.50 3360.40 -1456.10 JPY Billion [+]
Current Account to GDP 3.10 0.80 4.70 -1.00 percent [+]
External Debt 399002.00 399002.00 399002.00 141743.00 JPY Billion [+]
Terms of Trade 101.90 102.30 276.10 83.10 Index Points [+]
Foreign Direct Investment 21355.00 11110.00 44889.00 -3825.00 JPY Hundreds Million [+]
Capital Flows 17633.00 -15586.00 51843.00 -26928.00 JPY HML [+]
Tourism Revenues 12476000.00 15013000.00 22081000.00 821000.00 JPY Thousand [+]
Tourist Arrivals 2205700.00 2035800.00 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 [+]

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 April of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
614.72 813.55 1608.67 -2795.04 1963 - 2017 JPY Billion Monthly
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