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.

Exports increased 6.4 percent in January to 4.79 trillion yen, compared to a 5.8 percent fall in the previous month.

Exports to China climbed 3 percent year-over-year to 762.9 billion yen, and exports to the Asia region increased 8.4 percent to 2.5 trillion yen. Exports to the United States rose 10.9 percent year-over-year to 839.8 billion yen, while exports to the European Union fell 4.5 percent to 508.1 billion yen.
 
Imports climbed 7.3 percent year-over-year to 6.43 trillion yen, compared to a 1.9 percent increase in the previous month.
 
Imports from China rose 6.5 percent year-over-year to 581.6 billion yen, and imports from Asia jumped 6.1 percent to 2.9 trillion yen.Imports from the United States added 5.8 percent year-over-year to 521.1 billion yen. Imports from the European Union increased 9.5 percent to 581.6 billion yen.

Ministry of Finance Japan | Nuno Salva | nuno.salva@tradingeconomics.com
2/20/2013 10:44:22 AM