Japan Balance of Trade

Japan reported a trade deficit of nearly 880 Billion yen in April of 2013, according to the Ministry of Finance Japan. Historically, from 1979 until 2013, Japan Balance of Trade averaged 612.96 Billion JPY reaching an all time high of 1608.68 Billion JPY in September of 2007 and a record low of -1629.44 Billion JPY in January of 2013. Exports of high technology products, processed from imported raw materials, have been the main driver of Japan's economic growth since 1960. However, since 2008, trade surplus has been deteriorating due to weaker demand and higher imports of energy. Main exports are: motor vehicles (21 percent of total exports); non-electrical machinery, tools and mechanical apparatus (21 percent) and consumer electronics and semiconductors (18 percent). Main imports are: fuel (32 percent of total imports), machinery (19 percent), food (9 percent) and manufactured goods (9 percent). Main trading partners are China (30 percent of total exports and 24 percent of imports) and United States (15 percent of exports and 9 percent of imports). Others include: South Korea, Germany and Australia. This page includes a chart with historical data for Japan Balance of Trade.

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Japan Trade Deficit Widens in April
Ministry of Finance Japan | Nuno Fontes | nuno@tradingeconomics.com  |  5/22/2013 10:38:27 AM


Japan trade deficit widened in April to 880 billion yen as the boost to exporters from a weaker yen was overshadowed by rising imports prices.

Exports rose 3.8 percent yoy to 5.777 trillion yen, marking a second straight month of gains.

Exports to China grew slightly by 0.3 percent yoy to 998 billion yen, while exports to all of Asia rose 4.3 percent yoy. Exports to the United States grew 14.8 percent yoy to 1.101 trillion yen, while exports to the debt-ridden European Union declined 3.5 percent yoy to 562 billion yen.

Imports rose 9.4 percent yoy to 6.657 trillion yen, up for a sixth straight month.

Imports from Asia grew 13.1 percent yoy to 2.9 trillion yen. Imports from China alone gained 13.3 percent yoy. Imports from the United States rose 0.8 percent on year to 538 billion yen, while imports from the European Union jumped 15.2 percent to 601 billion yen.

ARCHIVE
Japan Reports Trade Deficit in March Japan posted a trade deficit of 364 billion yen in March, falling into the red for the eighth consecutive month. 2013-04-18
Japan Trade Deficit Narrows In October Japan posted a larger-than-expected trade deficit in October as exports continue to shrink amid faltering global growth. 2012-12-11
Japan Reports the Biggest Trade Deficit On Record for the Month of February Japan reported a trade deficit of 777.5 billion yen in February as exports unexpectedly fell by 2.9% from a year earlier and imports surged 11.9%. 2013-03-21
Japan Trade Deficit Narrows in September Japan posted a larger-than-expected trade deficit in September as exports continue to shrink amid faltering global growth. 2012-10-22
Japan Reports the Biggest Trade Deficit on Record in January Japan registered its seventh consecutive trade deficit of 1629.4 billion yen in January of 2013 as energy imports jumped. 2013-02-20
Japan's Trade Deficit Widens in August Japan posted a larger-than-expected trade deficit in August as exports continue to shrink amid faltering global growth. 2012-09-20
Japan Trade Deficit Narrows in December Japan posted a trade deficit of 641.5 billion yen ($7.25 billion) in December of 2012. Exports fell 5.8 percent and imports increased 1.9 percent from a year earlier, according to a release by the Ministry of Finance. 2013-01-24
Japanese Posts Trade Deficit in July Japan posted a larger-than-expected trade deficit in July as exports slowed sharply amid Europe's debt crisis and faltering global growth. 2012-08-22
Japan Trade Deficit Widens in November Japan posted a larger-than-expected trade deficit in November 2012 as exports continue to shrink amid faltering global growth. 2012-12-19



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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