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%.

February’s deficit was the eighth consecutive monthly trade shortfall, the longest stretch since 1980.

Japan's exports, a key driver of its growth, have dipped in seven of the past eight months.

Exports to China fell 15.8 percent as Asia’s largest economy celebrated the week-long Lunar New Year holiday in February, while shipments to Asia dropped 5.2 percent. Exports to the U.S. rose 5.7 percent, while those to the European Union fell 9.6 percent.

 

 

 

 

contact@tradingeconomics.com
3/21/2013 12:14:44 AM


Recent Releases

Japan Trade Surplus Narrows 35.9% YoY In June
Japan's trade surplus fell 35.9 percent to JPY 439.91 billion in June of 2017 from JPY 686.47 billion in the same month a year earlier and below market consensus of a surplus of JPY 484.7 billion. Exports rose 9.7 percent from a year earlier to JPY 6,607.55 billion while imports jumped 15.5 percent to JPY 6,167.65 billion.
Published on 2017-07-20

Japan Trade Gap Widens Sharply In May
Japan's trade deficit widened to JPY 203.4 billion in May 2017 from JPY 47.4 billion in the same month a year earlier while missing market expectations of a JPY 76 billion surplus. Imports jumped 17.8 percent from the previous year to JPY 6,054.7 billion, boosted by higher purchases of mineral fuels, electrical machinery, chemicals and machinery. Exports increased at a slower 14.9 percent to JPY 5,851.4 billion, due to higher shipments of transport equipment, machinery, manufactured goods and electrical machinery.
Published on 2017-06-19

Japan Trade Surplus Narrows 40.6% YoY In April
Japan's trade surplus narrowed 40.6 percent to JPY 481.7 billion in April 2017 from JPY 811.2 billion a year earlier and below market consensus of a JPY 520.7 billion surplus. It was the smallest trade surplus since January, as exports rose less than imports.
Published on 2017-05-22

Japan Trade Surplus Narrows 17.5% YoY In March
Japan posted a JPY 614.7 billion trade surplus in March of 2017, smaller than a JPY 744.9 billion surplus a year earlier but above market expectations of a JPY 575.8 billion surplus, as exports rose less than imports.
Published on 2017-04-20