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

Japan recorded a trade surplus of 229.26 JPY Billion in March of 2015. Balance of Trade in Japan averaged 378.03 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.

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Japan Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
229.26 -425.00 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, April 25, 2015.


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.

In March, exports grew by 8.5 percent year-on-year to ¥6927.38 billion. Sales to USA rose the most by 21.3 percent, followed by the Middle East countries (+15.4 percent), the Western Europe (+7.0 percent) and Africa (+29.11 percent). Exports to the Asia countries, representing more than half of the country's total sales, also increased by 6.7 percent. Shipments rose to India (+29.6 percent), China (+3.9 percent), Singapore (+14.6 percent), Taiwan (+6.1 percent) and South Korea (+4.3 percent). In contrast, sales to Oceania dropped by 13.6 percent with those to Australia fell by 10.5 percent and to New Zealand declined by 24.9 percent.

By commodity, value of exports increased for all categories except mineral fuels: foodstuff (+27.8 percent), raw material (+5.8 percent), chemicals (+5.5 percent), manufactured goods (5.2 percent), machinery (+10.3 percent), electrical machinery (+8.4 percent), transport equipment (10.0 percent) and other (+17.8 percent). In contrast, exports of mineral fuels dropped by 37.6 percent.

Imports declined by 14.5 percent year-on-year to ¥6698.12 billion, as all purchases fell except for foodstuff and chemicals. Shipments value decreased for: raw materials (-3.4 percent), manufactured goods (-3.6 percent), machinery (-5.9 percent), electrical machinery (-2.8 percent), transport equipment (-0.6 percent) and others (-10.0 percent). Imports of mineral fuels also decreased by 36.5 percent. Purchases of petroleum dropped by 50.7 percent,  petroleum  products (-38.3 percent), LNG (-12.3 percent), LPG (-40.1 percent) and coal (-12.5 percent). In contrast, purchases of foodstuff rose by 7.2 percent while those of chemicals increased by 7.1 percent.

In February 2015, Japan posted a ¥ 425 billion trade deficit.

Ministry of Finance l Rida Husna l rida@tradingeconomics.com
4/22/2015 2:17:15 AM


Recent Releases

Japan's Trade Gap Narrows to 2-Year Low
Japan's trade deficit declined to ¥425 Billion in February of 2015, from ¥806 Billion a year earlier as exports rose by 2.4 percent and imports dropped by 3.6 percent. Published on 2015-03-18

Japanese Trade Gap Smaller Than Expected in January
Japanese trade deficit narrowed to ¥1177 Billion in January of 2015, from ¥2797 Billion a year earlier as exports surged by 17 percent and imports declined by 9 percent. Published on 2015-02-19


Calendar GMT Event Actual Previous Consensus Forecast (i)
2015-02-18 11:50 PM
Balance of Trade  Jan
¥ -1177B ¥ -660.7B ¥ -1690.8B ¥-1372.8B
2015-03-17 11:50 PM
Balance of Trade  Feb
¥ -425B ¥ -1177B ¥ -1050.7B ¥ -568.5B
2015-04-22 12:50 AM
Balance of Trade  Mar
¥ 229.3B ¥ -425B ¥ 50B ¥ -397.6B
2015-05-21 12:50 AM
Balance of Trade  Apr
¥ 229.3B ¥ -592.6B
2015-06-18 12:50 AM
Balance of Trade  May
¥ -786.2B
2015-07-24 12:50 AM
Balance of Trade  Jun
¥ -415B


Japan Trade Last Previous Highest Lowest Unit
Balance of Trade 229.26 -425.00 1608.67 -2795.04 JPY Billion [+]
Exports 6927.38 5941.06 7681.69 105.08 JPY Billion [+]
Imports 6698.12 6356.66 8044.06 162.06 JPY Billion [+]
Current Account 1440.10 61.00 3360.40 -1586.10 JPY Billion [+]
Current Account to GDP 0.70 1.10 4.80 -1.00 percent [+]
External Debt 329336.00 325329.00 329336.00 141743.00 JPY Billion [+]
Terms of Trade 96.50 97.70 276.10 83.10 Index Points [+]
Foreign Direct Investment 12893.00 12230.00 37754.00 -3825.00 JPY Hundreds Million [+]
Capital Flows 23334.00 -3721.00 39028.00 -26928.00 JPY HML [+]
Tourist Arrivals 1387000.00 1218400.00 1387000.00 225806.00 [+]
Gold Reserves 765.22 765.22 765.22 753.55 Tonnes [+]
Crude Oil Production 5.00 5.00 13.00 4.00 BBL/D/1K [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -1256.00 Feb/15 -1003.00 2251.00 -3884.00 AUD Million [+]
Brazil 458.00 Mar/15 -2841.76 5659.37 -4058.14 USD Million [+]
Canada -984.00 Feb/15 -1475.00 8524.80 -2902.90 CAD Million [+]
China 30.81 Mar/15 606.19 606.19 -319.71 USD Hundred Million [+]
Euro Area 20300.00 Feb/15 7600.00 24009.80 -16638.00 EUR Million [+]
France -3449.00 Feb/15 -3710.00 2674.00 -7086.00 EUR Million [+]
Germany 19174.00 Feb/15 15900.00 23500.00 -535.91 EUR Million [+]
India -11790.00 Mar/15 -6847.00 258.90 -20210.90 USD Million [+]
Indonesia 1131.60 Mar/15 662.70 4641.92 -2329.13 USD Million [+]
Italy 3537.91 Feb/15 232.00 6923.00 -6389.30 EUR Million [+]
Japan 229.26 Mar/15 -425.00 1608.67 -2795.04 JPY Billion [+]
Mexico 558.30 Feb/15 -3248.00 1710.25 -3292.30 USD Million [+]
Netherlands 6009.00 Feb/15 4657.10 6009.00 -907.60 EUR Million [+]
Russia 13600.00 Mar/15 13597.00 20356.00 -185.00 USD Million [+]
South Korea 8380.51 Mar/15 7706.30 8380.51 -4043.45 USD Million [+]
Spain -2037200.00 Feb/15 -2596200.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 2525.00 Mar/15 2316.16 3894.91 -1478.68 CHF million [+]
Turkey -4655.64 Feb/15 -4320.27 24.51 -10453.06 USD Million [+]
United Kingdom -2859.00 Feb/15 -1536.00 2946.00 -5397.00 GBP Million [+]
United States -35444.00 Feb/15 -42676.00 1946.00 -67823.00 USD Million [+]