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

Japan recorded a JPY 496.2 billion trade surplus in October of 2016, 373.5 percent higher than a JPY 104.8 billion surplus a year earlier but lower than market expectations of JPY 615 billion. Exports declined 10.3 percent year-on-year, 13th consecutive drop and much worse than expectations of an 8.6 percent fall. Imports shrank at a faster 16.5 percent compared to forecasts of a 16.3 percent decrease. Balance of Trade in Japan averaged 369.92 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.

Japan Balance of Trade
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-09-20 11:50 PM Aug ¥ -18.7B ¥ 513.5B ¥ 202.3B ¥322B
2016-10-23 11:50 PM Sep ¥498B ¥ -18.7B ¥ 341.8B ¥672B
2016-11-20 11:50 PM Oct ¥496.2B ¥498B ¥615.4B ¥581B
2016-12-18 11:50 PM Nov ¥496.2B ¥520B
2017-01-24 11:50 PM Dec
2017-02-17 11:50 PM Jan




Japan Trade Surplus Widens Less Than Expected


Japan recorded a JPY 496.2 billion trade surplus in October of 2016, 373.5 percent higher than a JPY 104.8 billion surplus a year earlier but lower than market expectations of JPY 615 billion. Exports declined 10.3 percent year-on-year, 13th consecutive drop and much worse than expectations of an 8.6 percent fall. Imports shrank at a faster 16.5 percent compared to forecasts of a 16.3 percent decrease.

Exports decreased to JPY 5869.9 billion. Sales went down mainly to the United States (-11.2 percent); China (-9.2 percent); the European Union (-9.5 percent); South Korea (-4.6 percent) and Taiwan (-2.8 percent). By product, declines were reported for transport equipment (-9 percent), namely cars (-9.1 percent); machinery (-7.9 percent), namely metalworking (-26.9 percent), parts of computer (-17.3 percent) and power generating machines (-8.1 percent); electrical machinery (-10.9 percent), namely semiconductors (-7.1 percent) and manufactured goods (-15.2 percent), namely iron and steel products (-19.3 percent).
 
Imports went down to JPY 5373.7 billion. Purchases from China shrank 17.9 percent and those from the United States fell 9.9 percent. By product, mineral fuels accounted the most for the decline (fell 27.5 percent), namely petroleum (-27.2 percent). 

Ministry of Finance l Joana Taborda | joana.taborda@tradingeconomics.com
11/21/2016 12:36:06 AM



Japan Trade Last Previous Highest Lowest Unit
Balance of Trade 496.17 497.60 1608.67 -2795.04 JPY Billion [+]
Exports 5869.90 5968.65 7681.69 105.08 JPY Billion [+]
Imports 5373.73 5471.05 8047.03 162.06 JPY Billion [+]
Current Account 1719.90 1821.00 3360.40 -1456.10 JPY Billion [+]
Current Account to GDP 2.90 0.50 4.90 -1.00 percent [+]
External Debt 364459.00 364958.00 364958.00 141743.00 JPY Billion [+]
Terms of Trade 106.30 107.60 276.10 83.10 Index Points [+]
Foreign Direct Investment 44889.00 -1309.00 44889.00 -3825.00 JPY Hundreds Million [+]
Capital Flows 6648.00 31264.00 52146.00 -26928.00 JPY HML [+]
Tourism Revenues 15218000.00 14830000.00 22081000.00 821000.00 JPY Thousand [+]
Tourist Arrivals 2135900.00 1918200.00 2296500.00 225806.00 [+]
Gold Reserves 765.22 765.20 765.22 753.54 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 December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
496.17 497.60 1608.67 -2795.04 1963 - 2016 JPY Billion Monthly
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