Japan Balance of Trade 1963-2014 | Data | Chart | Calendar | Forecast

Japan recorded a trade deficit of 709.99 JPY Billion in October of 2014. Balance of Trade in Japan averaged 386.01 JPY Billion from 1963 until 2014, 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
-709.99 -958.30 1608.67 -2795.04 1963 - 2014 JPY Billion Monthly
Japan had been recording consistent annual trade surpluses from 1970 to 2010. However, since 2011, the country has been posting trade deficits as costs for imports have surged due to the weakening of the Japanese yen and increased purchases of fossil fuels and gas to make up for the loss of nuclear power following the March 2011 earthquake and tsunami. In 2013, the biggest trade surpluses were recorded with: the United States, Hong Kong, South Korea and Taiwan. The biggest trade deficits were recorded with: China, Saudi Arabia, United Arab Emirates, Australia and Qatar. 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 Friday, November 21, 2014.


Japan Trade Gap Narrows in October


Japanese trade deficit declined to ¥710 Billion in October of 2014 from ¥1100 Billion a year earlier, the lowest since June 2013. While exports rose at the fastest pace since February, imports growth slowed to 2.7 percent.

In October, exports grew 9.6 percent year-on-year to ¥6688 billion. Sales to Asia, which account for more than half of the country's total exports, rose 10.5 percent. Shipments to China grew by 7.2 percent, to Hong Kong by 19.3, to Taiwan by 16.2 percent and to South Korea by 3 percent. Shipments to the United States increased by 8.9 percent and to Western Europe by 6 percent. 

By commodity, exports increased among of all major categories: transport equipment (11 percent), electrical machinery (10.8 percent), machinery (9.7 percent), manufactured goods (9 percent) and chemicals (8.8 percent). 

Imports rose 2.7 percent year-on-year to ¥73981 billion driven by rise in shipments of food (8.6 percent) and chemicals (5.9 percent). Imports of mineral fuels decreased 5.9 percent with crude oil declining by 8.8 percent and liquefied natural gas by 7.9 percent. 

The biggest trade deficits were reported with: China, Saudi Arabia, Australia, United Arab Emirates, Russia, Malaysia and Kuwait. The biggest trade surpluses were reported with: United States, Hong Kong, South Korea, Singapore and Taiwan.

Ministry of Finance | anna@tradingeconomics.com
11/20/2014 1:01:55 AM


Recent Releases

Japan Trade Deficit Widens in September
Japanese trade gap increased slightly to ¥958.3 billion in September of 2014 from ¥943.2 billion a year earlier, the first rise in three months. While exports reported the highest annual gain in seven months, imports grew 6.2 percent. Published on 2014-10-22

Japan Trade Gap Narrows in August
Japanese trade deficit decreased to ¥948.5 billion in August of 2014 from ¥971.4 billion in the same month a year earlier as imports fell a bit faster than exports. Published on 2014-09-18


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-09-18 12:50 AM
Balance of Trade  Aug 2014
¥ -948.5B ¥ -962.1B (R) ¥ -1028.9B ¥ -1195B
2014-10-22 12:50 AM
Balance of Trade  Sep 2014
¥ -958.3B ¥ -948.5B ¥ -777B ¥ -633.6B
2014-11-19 11:50 PM
Balance of Trade  Oct 2014
¥ -710B ¥ -958.3B ¥ -1050B ¥ -834.5B
2014-12-16 11:50 PM
Balance of Trade  Nov 2014
¥ -710B ¥ -991.8B
2015-01-25 11:50 PM
Balance of Trade  Dec 2014
2015-02-18 11:50 PM
Balance of Trade  Jan 2015


Japan Trade Last Previous Highest Lowest Unit
Balance of Trade -709.99 -958.30 1608.67 -2795.04 JPY Billion [+]
Exports 6688.48 6383.16 7681.69 105.08 JPY Billion [+]
Imports 7398.48 7341.49 8044.06 162.06 JPY Billion [+]
Current Account 963.00 287.10 3360.40 -1586.10 JPY Billion [+]
Current Account to GDP 0.70 1.10 4.80 -1.00 percent [+]
External Debt 304811.00 304811.00 304811.00 141743.00 JPY Billion [+]
Terms of Trade 86.60 85.80 276.10 83.10 Index Points [+]
Foreign Direct Investment 14226.00 13397.00 18760.00 1006.00 JPY Hundreds Million [+]
Capital Flows 15105.00 6676.00 77436.00 -38968.00 JPY HML [+]
Tourist Arrivals 1099100.00 1109600.00 1270048.00 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 [+]