Japan Balance of Trade

Japan recorded a trade deficit of 1446.26 JPY Billion in March of 2014. Balance of Trade in Japan is reported by the Ministry of Finance Japan. Balance of Trade in Japan averaged 397.41 JPY Billion from 1963 until 2014, reaching an all time high of 1608.68 JPY Billion in September of 2007 and a record low of -2791.68 JPY Billion in January of 2014. 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, Japan run the highest trade deficit with China, Australia, Saudi Arabia, UAE, Western Europe and Russia. The country recorded biggest trade surpluses with United States, Hong Kong, South Korea, Singapore and Thailand. This page provides - Japan Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-1446.26 -802.53 1608.68 -2791.68 -1683.49 | 2014/04 1963 - 2014 JPY Billion Monthly

TO

Japan Balance of Trade
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2014-01-26 11:50 PM Japan
Balance of Trade
Dec 2013 ¥-1302B ¥-1293B ¥-1223B ¥ -1077.9B
2014-02-19 11:50 PM Japan
Balance of Trade
Jan 2014 ¥-2790B ¥-1302B ¥-24892B ¥ -924.7B
2014-03-18 11:50 PM Japan
Balance of Trade
Feb 2014 ¥-800B ¥-2790B ¥-590B ¥ -1431.3B
2014-04-21 12:50 AM Japan
Balance of Trade
Mar 2014 ¥-1446.3B ¥ -802.5B (R) ¥-1070B ¥ -1197B
2014-05-21 12:50 AM Japan
Balance of Trade
Apr 2014 ¥-1446.3B ¥ -1683.5B
2014-06-18 12:50 AM Japan
Balance of Trade
May 2014 ¥ -2006.5B
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Trade Last Previous Highest Lowest Forecast Unit
Capital Flows -7361.00 2014-02-15 -14778.00 77436.00 -38968.00 -8176.87 2014-03-31 JPY HML [+]
External Debt 295172.00 2013-12-31 274966.00 295172.00 141743.00 297619.72 2014-03-31 JPY Billion [+]
Foreign Direct Investment 14226.00 2013-12-15 13397.00 18760.00 1006.00 10000.98 2014-01-31 JPY Hundreds Million [+]
Japan Exports Australia 137938.00 2014-03-15 126272.00 175892.00 2493.00 132603.48 2014-03-31 JPY Million [+]
Japan Exports China 1156006.00 2014-03-15 1074379.00 1285122.00 499.00 1190143.72 2014-03-31 JPY Million [+]
Terms of Trade 85.60 2014-03-15 85.60 276.10 83.10 85.72 2014-03-31 Index Points [+]
Tourist Arrivals 1050500.00 2014-03-15 880000.00 1050500.00 225806.00 941031.53 2014-03-31 [+]
Current Account 612.70 2014-02-28 -1589.00 3287.90 -1589.00 -118.32 2014-03-31 JPY Billion [+]
Exports 6382.62 2014-03-15 5799.31 7681.69 105.08 5828.34 2014-04-30 JPY Billion [+]
Imports 7828.88 2014-03-15 6601.84 8044.06 162.06 7492.68 2014-04-30 JPY Billion [+]
Balance of Trade -1446.26 2014-03-15 -802.53 1608.68 -2791.68 -1683.49 2014-04-30 JPY Billion [+]
Current Account to GDP 0.70 2013-12-31 1.10 4.80 -1.00 0.40 2014-06-30 Percent [+]
[+]


Japanese Trade Deficit Widens in March

Japan’s trade gap increased to a wider-than-expected ¥ 1446.3 billion in March of 2014, up from a revised ¥ 802.5 billion deficit in the previous month and a ¥ 356.9 billion gap a year earlier, as energy imports continued to rise.

Exports by value rose a meager 1.8 percent year-on-year to ¥ 6382.6 billion, much lower than a 9.8 percent annual increase recorded in February. Sales to China rose 4.3 percent, after surging 27.7 percent in February. 

Shipments to South Korea fell 6.2 percent; exports to Thailand decreased 12.5 percent; those to Australia contracted 8.3 percent and shipments to Canada decreased 11.6 percent. Exports to the US slowed to an annual 3.5 percent growth rate (5.7 percent in the previous month) and sales to the Western Europe rose 8.8 percent. Exports by volume fell the most since June last year. 

Imports by value advanced 18.1 percent on the year to ¥ 7828.9 billion, up from a 9 percent increase recorded in the previous month. Purchases of Liquefied Natural Gas rose nearly 4 percent and imports of Liquefied Petroleum Gas rose more than 8 percent. 

Ministry of Finance, Japan | Joana Taborda | joana.taborda@tradingeconomics.com
4/21/2014 9:38:44 AM

RECENT RELEASES

Japan Marks a Record 20-Month Run of Trade Deficits
Japanese trade balance came to a deficit of ¥800.3 billion in February of 2014, narrower than a record gap of ¥2.8 trillion reported in January of 2014 but larger than a deficit of ¥781.3 billion reported in the same month of 2013. Published on 2014-03-19

Japan Reports Record Trade Deficit in January
Japanese trade deficit widened to 2.79 trillion yen in January of 2014 from 1.6 trillion yen reported in the same month of 2013. Imports surged 25 percent while exports grew only 9.5 percent. Published on 2014-02-20


Balance of Trade | Notes
The balance of trade is the difference between the monetary value of exports and imports in an economy over a certain period of time. A positive balance of trade is known as a trade surplus and occurs when value of exports is higher than that of imports; a negative balance of trade is known as a trade deficit or a trade gap.


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