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

Japan recorded a 18.71 JPY billion deficit in August of 2016, compared to a 567.54 JPY billion gap a year earlier and missing market consensus of a 202.30 JPY billion surplus. It was the first trade deficit since May as exports fell less than imports. Sales dropped by 9.6 percent from a year earlier to 5,316.35 JPY billion, following a 14.0 percent fall in July while market expected a 4.8 percent decline. Imports decreased by 17.3 percent to 5,335.06 JPY billion, compared to a 24.7 percent decrease in a month earlier and market estimated a 17.8 percent drop. In July 2016, the country posted a 513.50 JPY billion trade surplus. Balance of Trade in Japan averaged 369.54 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. Balance of Trade in Japan is reported by the Ministry of Finance Japan.

Japan Balance of Trade
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Actual Previous Highest Lowest Dates Unit Frequency
-18.71 513.64 1608.67 -2795.04 1963 - 2016 JPY Billion Monthly
Current Prices, NSA
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 September of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-07-24 11:50 PM Jun ¥ 693B ¥-41B ¥ 494.8B ¥ 370.5B
2016-08-17 11:50 PM Jul ¥ 513.5B ¥693B ¥283.7B ¥ 466.3B
2016-09-20 11:50 PM Aug ¥ -18.7B ¥ 513.5B ¥ 202.3B ¥322B
2016-10-23 11:50 PM Sep ¥ -18.7B ¥672B
2016-11-21 11:50 PM Oct ¥581B
2016-12-18 11:50 PM Nov ¥520B

Japan Posts 1st Trade Deficit in 3 Months in August


Japan recorded a 18.71 JPY billion deficit in August of 2016, compared to a 567.54 JPY billion gap a year earlier and missing market consensus of a 202.30 JPY billion surplus. It was the first trade deficit since May as exports fell less than imports.

Year-on-year, outbound shipments dropped by 9.6 percent to 5,316.35 JPY billion, following a 14.0 percent fall in July while market expected a 4.8 percent decline. It was the eleventh straight month of decline as sales to most of the country's main export partners declined. Those to China decreased by 8.9 percent, followed by Hong Kong (-21.4 percent), Taiwan (-4.5 percent), South Korea (-1.8 percent), Singapore (-13.5 percent), Thailand (-12.3 percent), Indonesia (-13.8 percent), Vietnam (-8.9 percent) and India (-10.0 percent). Sales to the US decreased by 14.5 percent, the EU countries (-0.7 percent), the Middle East (-14.8 percent) and South Africa (-26.4 percent). In contrast, exports rose to Western Europe (+ 0.9 percent) and Russia (+5.7 percent).

By product, shipments decreased for all categories: foodstuff (-6.9 percent), raw materials (-23.3 percent), mineral fuels (-26.9 percent), chemicals (-12.2 percent, mainly due to organic chemicals: -26.4 percent and plastic materials: -9.8 percent), manufactured goods (-17.0 percent), machinery (-6.1 percent, mostly driven by power generating machine: -4.8 percent, computers and units: -9.7 percent), parts of computers: -24.2 percent and metalworking machinery: -18.8 percent), electrical machinery (-8.5 percent, contributed by semiconductors: -12.4 percent, visual apparatus: -32.4 percent, audio apparatus: -3.6 percent, parts of audio visual apparatus: -16.3 percent and electrical power machinery:-15.7 percent), transport equipment (-8.4 percent) and others (-4.8 percent).

Imports fell 17.3 percent to 5,335.06 JPY billion in August, compared to a 24.7 percent decrease in a month earlier while market expected a 17.8 percent drop. It was the twentieth consecutive month of decline as purchases from most of the country's trading partners decreased. Imports from China dropped by 15.4 percent, followed by Hong Kong  (-20.8 percent), Taiwan (-14.9 percent), South Korea (-13.7 percent), Thailand (-13.3 percent), Malaysia (-26.7 percent), Indonesia (-7.9 percent) and India (-19.3 percent). Those from the US decreased by 9.5 percent, Western Europe (-11.6 percent), Russia (-33.6 percent), the EU countries (-12.4 percent), the Middle East (-29.5 percent) and South Africa (-11.8 percent).

Purchases declined for all categories: foodstuff (-8.2 percent), raw materials (-20.0 percent, mainly due to wood: -15.9 percent, ore of nonferrous: -20.0 percent and iron ore and concentrates: -24.4 percent), mineral fuels (-34.8 percent, largely due to petroleum: -35.7 percent, petroleum products: -40.5 percent, LNG: -34.6 percent: LPG -13.8 percent and coal: -32.1 percent),  chemicals (-11.7 percent), manufactured goods (-11.2 percent), machinery (-14.4 percent), electrical machinery (-10.1 percent), transport equipment (-10.2 percent, due to motor vehicles: -6.3 percent, part of motor vehicles: -6.4 percent and aircraft: -12.8 percent) and others (-11.0 percent).

In July 2016, the country posted a 513.50 JPY billion trade surplus. 

Ministry of Finance l Rida Husna | rida@tradingeconomics.com
9/21/2016 12:46:05 AM

Japan Trade Last Previous Highest Lowest Unit
Balance of Trade -18.71 513.64 1608.67 -2795.04 JPY Billion [+]
Exports 5316.35 5729.16 7681.69 105.08 JPY Billion [+]
Imports 5335.06 5215.52 8047.03 162.06 JPY Billion [+]
Current Account 1938.20 974.40 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 108.10 107.00 276.10 83.10 Index Points [+]
Foreign Direct Investment 4972.00 3375.00 37754.00 -3825.00 JPY Hundreds Million [+]
Capital Flows 36271.00 14391.00 52146.00 -26928.00 JPY HML [+]
Tourism Revenues 15286000.00 17999000.00 22081000.00 821000.00 JPY Thousand [+]
Tourist Arrivals 2049200.00 2296500.00 2296500.00 225806.00 [+]
Gold Reserves 765.20 765.20 765.20 753.54 Tonnes [+]
Terrorism Index 0.00 0.09 2.52 0.00 [+]
Crude Oil Production 4.00 4.00 13.00 4.00 BBL/D/1K [+]




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