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

Japan recorded a 823.47 JPY billion surplus in April of 2016, compared to a 58.34 JPY billion deficit a year earlier and beating market consensus of a 492.80 JPY billion surplus. It is the largest surplus since March 2010 as exports dropped by 10.1 percent year-on-year while imports shrank at a faster 23.3 percent. In March 2016, trade surplus was recorded at 754.90 JPY billion. Balance of Trade in Japan averaged 370.08 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
823.47 754.99 1608.67 -2795.04 1963 - 2016 JPY Billion Monthly
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 May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-03-16 11:50 PM Feb ¥242.8B ¥-645.9B ¥388.6B ¥ -245.8B
2016-04-19 11:50 PM Mar ¥755B ¥242.8B ¥834.6B ¥-74.64B
2016-05-22 11:50 PM Apr ¥ 824B ¥755B ¥492.8B -199.2B
2016-06-16 11:50 PM May ¥ 824B ¥ 267B
2016-07-22 11:50 PM Jun ¥ 412.6B
2016-08-18 11:50 PM Jul ¥ 483.4B

Japan Trade Surplus Largest in 6 Years


Japan recorded a 823.47 JPY billion surplus in April of 2016, compared to a 58.34 JPY billion deficit a year earlier and beating market consensus of a 492.80 JPY billion surplus. It is the third straight month of surplus and the largest since March 2010 as exports dropped less than imports.

Year-on-year, sales dropped by 10.1 percent to 5,889.17 JPY billion, marking the fastest decline in three months and the 7th straight month af fall. Among the country's main export partners, sales decreased to China (-7.6 percent), South Korea (-14.2 percent), Singapore (-16.2 percent), Hong Kong (-16.6 percent), Thailand (-5.0 percent), Indonesia (-23.1 percent) and India (-19.9 percent). Outbound shipments also fell to the US (-11.8 percent), the Middle East (-21.9 percent), Russia (-29.7 percent), Australia (-3.2 percent) and South Africa (-28.4 percent). In contrast, exports rose to Western Europe (+9.3 percent) and the EU countries (+9.9 percent).

By product, shipments of mineral fuels dropped the most by 44.4 percent year-on-year), followed by manufactured goods (-18.0 percent), others (-14.9 percent), raw materials (-13.6 percent), chemicals (-10.4 percent, driven by organic chemicals: -25.2 percent and plastics materials: -7.5 percent), electrical machinery (-8.7 percent, mainly due to electrical, power machinery: -20.7 percent, part of audio, visual: -14.6 percent and visual apparatus: -13.1 percent), machinery (-7.2 percent, contributed by metalworking machinery: -33.6 percent and mechanical handling equipment: -21.3 percent) and transport equipment (-3.6 percent, mainly due to motor vehicles: -6.7 percent, motorcycles, autocycles: -3.9 percent and parts of motor vehicles: -3.2 percent). In contrast, sales rose for foodstuff (+2.2 percent).

Imports dropped by 23.3 percent from a year earlier to 5,065.69 JPY billion, the 16th straight month of decline. Purchases fell from most of the country's trading partners, including China (-16.8 percent), Hong Kong (-32.6 percent), Taiwan (-15.6 percent), South Korea (-17.6 percent), Thailand (-14.2 percent) and India (-18.3 percent), the US (-18.1 percent), Russia (-55.5 percent), the EU countries (-8.4 percent), the Middle East (-46.6 percent) and South Africa (-28.5 percent). In contrast, imports rose from the UK (+4.3 percent) and France (+4.6 percent).

Purchases decreased for all categories: mineral fuels (-49.3 percent), mainly due to petroleum: -51.8 percent, petroleum products: -59.3 percent, LNG: - 44.5 percent: LPG -58.3 percent and coal: -37.0 percent, foodstuff (-14.0 percent), raw materials (-24.4 percent), chemicals (-10.9 percent), manufactured goods (-21.3 percent), machinery (-13.2 percent), electrical machinery (-19.8 percent) and transport equipment (-1.9 percent) and others (-11.4 percent).

In March 2016, trade surplus was recorded at 754.90 JPY billion.


Ministry of Finance l Rida Husna | rida@tradingeconomics.com
5/23/2016 5:17:22 AM

Japan Trade Last Previous Highest Lowest Unit
Balance of Trade 823.47 754.99 1608.67 -2795.04 JPY Billion [+]
Exports 5889.17 6456.60 7681.69 105.08 JPY Billion [+]
Imports 5065.69 5701.61 8047.03 162.06 JPY Billion [+]
Current Account 2980.40 2434.90 3360.40 -1596.90 JPY Billion [+]
Current Account to GDP 2.90 0.50 4.90 -1.00 percent [+]
External Debt 355449.00 349200.00 355449.00 141743.00 JPY Billion [+]
Terms of Trade 110.10 109.70 276.10 83.10 Index Points [+]
Foreign Direct Investment 11804.00 15272.00 37754.00 -3825.00 JPY Hundreds Million [+]
Capital Flows 53325.00 31520.00 53325.00 -26928.00 JPY HML [+]
Tourism Revenues 154439000.00 127049000.00 313197000.00 71965000.00 JPY Thousand [+]
Tourist Arrivals 2081800.00 2009500.00 2081800.00 225806.00 [+]
Gold Reserves 765.20 765.20 765.20 753.54 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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