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

Japan recorded a 692.84 JPY billion surplus in June of 2016, compared to a 60.90 JPY billion deficit a year earlier and beating market consensus of a 494.8 JPY billion surplus, as exports fell less than imports. Year-on-year, sales dropped by 7.4 percent to 6,025.46, JPY billion in June, following a 11.3 percent fall in May, while markets expected a 11.6 percent decline. Imports decreased by 18.8 percent from a year earlier to 5,332.63 JPY billion, compared to a 13.8 percent decrease in a month earlier and better than market estimates of a 19.7 percent drop. In May 2016, the country posted a 40.72 JPY billion trade deficit, the first gap since January. From January to June 2016, Japan posted a 1,810 JPY billion trade surplus, the first surplus since the second half-year of 2010. Balance of Trade in Japan averaged 369.93 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
692.84 -40.57 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 July of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-05-22 11:50 PM Apr ¥ 824B ¥755B ¥492.8B -199.2B
2016-06-19 11:50 PM May ¥ -41B ¥ 824B ¥40B ¥267B
2016-07-24 11:50 PM Jun ¥ 693B ¥-41B ¥ 494.8B ¥ 370.5B
2016-08-17 11:50 PM Jul ¥693B ¥ 466.3B
2016-09-20 11:50 PM Aug ¥ 317.6B
2016-10-23 11:50 PM Sep ¥ 537.2B

Japan Trade Surplus Beats Estimates in June


Japan recorded a 692.84 JPY billion surplus in June of 2016, widening sharply from a 60.90 JPY billion deficit a year earlier and beating market consensus of a 494.8 JPY billion surplus, as exports fell less than imports.

Year-on-year, sales dropped by 7.4 percent to 6,025.46, JPY billion in June, following a 11.3 percent fall in May while markets expected a 11.6 percent decline. It was the 9th consecutive month of decline as sales to most of the country's main export partners fell. Those to China declined by 10.0 percent, followed by South Korea (-13.6 percent), Singapore (-5.9 percent), Hong Kong (-17.8 percent), Thailand (-8.7 percent), Indonesia (-20.4 percent) and India (-4.9 percent). Sales also fell to the US (-6.5 percent), the EU countries (-0.4 percent), Western Europe (-1.1 percent), the Middle East (-17.8 percent) and South Africa (-31.0 percent). In contrast, exports were higher by 9.9 percent to Russia.

By product, shipments of mineral fuels dropped the most by 25.1 percent year-on-year), followed by raw materials (-20.1 percent), manufactured goods (-14.5 percent), electrical machinery (-7.4 percent, contributed by semiconductors: -11.3 percent, visual apparatus: -20.3 percent, audio apparatus: -7.0 percent, parts of audio visual apparatus: -22.4 percent and electrical power machinery:-6.7 percent), chemicals (-10.4 percent, driven by organic chemicals: -24.6 percent and plastic materials:-8.6 percent) and others (-5.8 percent). Sales also declined for: machinery (-5.9 percent, mainly due to power generating machine: -6.7 percent, computers and units :-3.2 percent, parts of computer: -12.1 percent and metalworking machinery:-28.1 percent) and transport equipment (-3.0 percent). In contrast, outbound shipments rose 13.7 percent for foodstuff.

Imports decreased by 18.8 percent from a year earlier to 5,332.63 JPY billion, compared to a 13.8 percent fall in a month earlier. It was the 18th straight month of decline and market estimates of a 19.7 percent drop. Purchases fell from most of the country's trading partners, including China (-12.4 percent), Taiwan (-24.4 percent), South Korea (-19.3 percent), Thailand (-18.7 percent), Malaysia (-19.2 percent) and Indonesia (-22.4 percent). Imports also declined from the US (-17.2 percent), Australia (-32.4 percent), Russia (-36.4 percent), the EU countries (-6.6 percent), the Middle East (-34.7 percent) and South Africa (-33.6 percent). In contrast, imports rose from Italy (+2.8 percent) and Belgium (+4.0 percent).

Purchases fell for all categories: foodstuff (-12.7 percent), raw materials (-24.5 percent, mainly due to wood: -12.2 percent, ore of nonferrous: -28.5 percent and iron ore and concentrates: -36.6 percent), mineral fuels (-36.7 percent, largely due to petroleum: -31.2 percent, petroleum products: -52.5 percent, LNG: - 43.9 percent: LPG -29.1 percent and coal: -32.4 percent),  chemicals (-8.9 percent), manufactured goods (-17.4 percent), machinery (-15.4 percent), electrical machinery (-10.6 percent), transport equipment (-14.7 percent) and others (-3.8 percent).

In May 2016, the country posted a  40.72 JPY billion trade deficit, the first gap since January.


From January to June 2016, Japan posted a 1,810 JPY billion trade surplus, the first surplus since the second half-year of 2010. 


Ministry of Finance l Rida Husna | rida@tradingeconomics.com
7/25/2016 8:57:02 AM

Japan Trade Last Previous Highest Lowest Unit
Balance of Trade 692.84 -40.57 1608.67 -2795.04 JPY Billion [+]
Exports 6025.46 5091.75 7681.69 105.08 JPY Billion [+]
Imports 5332.63 5132.32 8047.03 162.06 JPY Billion [+]
Current Account 1809.10 1878.50 3360.40 -1456.10 JPY Billion [+]
Current Account to GDP 2.90 0.50 4.90 -1.00 percent [+]
External Debt 364958.00 355449.00 364958.00 141743.00 JPY Billion [+]
Terms of Trade 108.20 109.90 276.10 83.10 Index Points [+]
Foreign Direct Investment 5756.00 10348.00 37754.00 -3825.00 JPY Hundreds Million [+]
Capital Flows 40914.00 14997.00 52146.00 -26928.00 JPY HML [+]
Tourism Revenues 22081000.00 17267000.00 22081000.00 821000.00 JPY Thousand [+]
Tourist Arrivals 1985700.00 1893600.00 2081800.00 225806.00 [+]
Gold Reserves 765.22 765.20 765.22 753.54 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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