Japan Balance of Trade 1963-2015 | Data | Chart | Calendar | Forecast

Japan recorded a trade deficit of 268.06 JPY Billion in July of 2015. Balance of Trade in Japan averaged 374.76 JPY Billion from 1963 until 2015, 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
-268.06 -69.00 1608.67 -2795.04 1963 - 2015 JPY Billion Monthly
Between 1980 and 2010 Japan recorded a trade surplus every year. But since the Fukushima nuclear disaster in March 2011, imports have surged due to the weakening of the Japanese yen and increased purchases of fossil fuels and gas. As a result in 2014 trade deficit was the worst on record. In 2014, the biggest trade surpluses were recorded with: United States, Hong Kong, South Korea, Taiwan and Singapore. The biggest trade deficits were recorded with: China, Saudi Arabia, Australia, United Arab Emirates, Russia and Malaysia. This page provides - Japan Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Japan Balance of Trade - was last refreshed on Saturday, August 29, 2015.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-06-17 12:50 AM May ¥-216.0B ¥-53.4B ¥-226B ¥ -344.5B
2015-07-23 12:50 AM Jun ¥-69.0B ¥-216.0B ¥ 5.4B ¥ 6.1B
2015-08-19 12:50 AM Jul ¥ -268.1B ¥-70.5B(R) ¥ -56.7B ¥ -69.6B
2015-09-18 12:50 AM Aug ¥ -268.1B ¥ -450.9B
2015-10-22 12:50 AM Sep ¥ -1.2B
2015-11-19 11:50 PM Oct ¥ -207.7B


Japan Trade Deficit Narrows in July


Japan reported a trade deficit of ¥268.10 billion in July of 2015, much lower than a ¥966.54 billion gap a year earlier but missing market consensus. Yet, it is the highest trade gap in five months as export growth slowed.

In July, exports increased by 7.6 percent year-on-year to ¥6663.77 billion, following a 9.5 percent rise in June. Sales increased to all of the country's major trading partners except Russia. Outbond shipments to the US rose the most by 18.8 percent. Those to Asia, representing more than half of the country's total sales increased by 6.1 percent with shipments to China rising 4.2 percent, Hong Kong (+2.6 percent), Taiwan (+10.5 percent), South Korea (+3.1 percent), India (+32.3 percent), Vietnam (+22.8 percent) and Singapore (-2.7 percent). Exports also increased to Oceania (+20.5 percent), Western Europe ( +7.8 percent), Middle East countries (+5.4 percent), Africa (+8.9 percent and the Middle South America (+1.3 percent). In contrast, outbond shipments to Russia declined by 44.7 percent.

By commodity, value of exports increased for: foodstuff (+26.1 percent), raw materials (+2.4 percent), chemicals (+2.4 percent), manufactured goods (+2.5 percent), machinery (+8.3 percent), electrical machinery (+10.5 percent), transport equipment (+10.4 percent) and others (+11.5 percent). In contrast, exports declined for raw materials (-12.1 percent) and mineral fuels (-7.8 percent).

Imports declined by 3.2 percent year-on-year to ¥6931.82 billion after falling 2.9 percent in June. Inbound shipments decreased for raw materials (-10.4 percent) and mineral fuels (-28.9 percent with sales down for: petroleum (-24.6 percent), petroleum products (-33.4 percent), LNG (-40.7 percent) and LPG (-52.5 percent). In contrast, imports increased for: foodstuff (+1.7 percent), chemicals (+19.6 percent), manufactured goods (+1.2 percent), machinery (+9.6 percent), electrical machinery (+24.6 percent), transport equipment (+7.8 percent) and others (+9.9 percent). 

In June 2015, Japan posted a downwardly revised ¥ 70.5 billion deficit.

Ministry of Finance l Rida Husna l rida@tradingeconomics.com
8/19/2015 8:43:34 AM


Recent Releases

Japan Trade Gap Narrows in June
Japan reported a trade deficit of ¥69.05 billion in June of 2015, much lower than a ¥834.06 billion gap a year earlier as exports grew while imports fell.
Published on 2015-07-23

Japan Reports ¥216 Billion Trade Deficit in May
Japan's trade gap narrowed to ¥216 Billion in May of 2015, from ¥917 Billion a year earlier as exports rose by 2.4 percent and imports dropped by 8.7 percent.
Published on 2015-06-17

Japan Trade Gap Smaller Than Expected in April
Japan reported a trade deficit of ¥53.44 billion in April of 2015, much lower than a ¥825.53 billion gap a year earlier as exports surged and imports fell.
Published on 2015-05-25

Japan Records First Trade Surplus Since June of 2012
Japan reported a trade surplus of ¥229.26 billion in March of 2015, swinging from ¥1450.73 billion deficit a year earlier and beating market forecasts. It is the first surplus since June 2012, as exports rose while imports dropped.
Published on 2015-04-22


Japan Trade Last Previous Highest Lowest Unit
Balance of Trade -268.06 -69.00 1608.67 -2795.04 JPY Billion [+]
Exports 6663.77 6505.74 7681.69 105.08 JPY Billion [+]
Imports 6931.82 6576.17 8047.03 162.06 JPY Billion [+]
Current Account 558.60 1880.90 3360.40 -1586.10 JPY Billion [+]
Current Account to GDP 0.50 0.70 4.80 -1.00 percent [+]
External Debt 340373.00 328922.00 340373.00 141743.00 JPY Billion [+]
Terms of Trade 97.50 97.50 276.10 83.10 Index Points [+]
Foreign Direct Investment -166.00 19830.00 37754.00 -3825.00 JPY Hundreds Million [+]
Capital Flows -2767.00 36201.00 47371.00 -26928.00 JPY HML [+]
Tourist Arrivals 1918400.00 1602200.00 1918400.00 225806.00 [+]
Gold Reserves 765.20 765.20 765.20 753.54 Tonnes [+]
Crude Oil Production 5.00 4.00 13.00 4.00 BBL/D/1K [+]
Tourism Revenues 162012000.00 155266000.00 313197000.00 71965000.00 JPY Thousand [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -2933.00 Jun/15 -2677.00 2254.00 -4156.00 AUD Million [+]
Brazil 2379.00 Jul/15 4527.00 5659.37 -4058.14 USD Million [+]
Canada -476.00 Jun/15 -2992.00 8524.80 -3853.00 CAD Million [+]
China 430.25 Jul/15 465.36 606.19 -319.71 USD Hundred Million [+]
Euro Area 26368.70 Jun/15 18800.00 26368.70 -16748.10 EUR Million [+]
France -2658.00 Jun/15 -3999.00 2674.00 -7086.00 EUR Million [+]
Germany 24038.00 Jun/15 19522.00 24038.00 -535.91 EUR Million [+]
India -12812.46 Jul/15 -10830.00 258.90 -20210.90 USD Million [+]
Indonesia 1330.00 Jul/15 528.00 4641.92 -2329.13 USD Million [+]
Italy 2808.95 Jun/15 4140.00 6923.00 -6389.30 EUR Million [+]
Japan -268.06 Jul/15 -69.00 1608.67 -2795.04 JPY Billion [+]
Mexico -2267.00 Jul/15 -749.00 1710.25 -3292.30 USD Million [+]
Netherlands 4760.00 Jun/15 3280.00 6211.40 -907.60 EUR Million [+]
Russia 11228.00 Jul/15 13775.00 20356.00 -185.00 USD Million [+]
South Korea 7760.00 Jul/15 9980.00 9980.00 -4043.45 USD Million [+]
Spain -2046007.00 Jun/15 -1657308.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3741.00 Jul/15 3509.00 3894.91 -1478.68 CHF million [+]
Turkey -6205.89 Jun/15 -6753.00 24.51 -10453.06 USD Million [+]
United Kingdom -1601.00 Jun/15 -885.00 2946.00 -5397.00 GBP Million [+]
United States -43840.00 Jun/15 -40940.00 1946.00 -67823.00 USD Million [+]