Japan Balance of Trade  1963-2018 | Data | Chart | Calendar | Forecast

Japan recorded a trade deficit of JPY 231 billion in July of 2018, compared to a JPY 407 billion surplus in the same month a year ago and to market consensus of a JPY 50 billion gap. Exports rose by 3.9 percent to JPY 6.75 trillion, down from a 6.7 percent rise in June and below expectations of a 6.3 percent gain. Meantime, imports jumped 14.6 percent to JPY 6.98 trillion, up from a 2.6 percent growth in June and slightly above market consensus of a 14.4 percent rise. Balance of Trade in Japan averaged 364.26 JPY Billion from 1963 until 2018, reaching an all time high of 1608.67 JPY Billion in September of 2007 and a record low of -2795.12 JPY Billion in January of 2014.

Japan Balance of Trade
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Japan Trade Balance Swings to Deficit


Japan recorded a trade deficit of JPY 231 billion in July of 2018, compared to a JPY 407 billion surplus in the same month a year ago and to market consensus of a JPY 50 billion gap.

Exports increased by 3.9 percent from a year earlier to JPY 6.75 trillion in July, down from a 6.7 percent rise in June and below expectations of a 6.3 percent gain. Export growth was observed for: machinery (4.8 percent), namely power generating machine (3.6 percent) and semicon machinery etc (13.7 percent); electrical machinery (7 percent), namely semiconductors (8 percent) and IC (9.7 percent); chemicals (10.9 percent); and manufactured goods (7.1 percent), namely iron and steel products (11.2 percent). In contrast, exports of transport equipment declined 4.0 percent, triggered by a 2.6 percent decline in car sales and a 29.8 percent drop in ships.

By country, exports rose to China (11.9 percent), Taiwan (4.4 percent), Hong Kong (6.1 percent), Thailand (0.6 percent), Singapore (3.8 percent) and the EU (6.4 percent), in particular Germany (5.2 percent) and the UK (7.6 percent). In contrast, exports to the United States fell 5.2 percent, marking the second straight drop in 18 months amid global trade tensions. Exports also declined to South Korea (-1.9 percent).

Meantime, imports jumped 14.6 percent to JPY 6.98 trillion, up from a 2.6 percent growth in June and slightly above market consensus of a 14.4 percent rise. July's climb was boosted by increases in purchases of: mineral fuels (30.7 percent), of which petroleum (40.3 percent), LNG (16.7 percent) and coal (13.3 percent); electrical machinery (7 percent), of which semiconductors (4 percent) and telephony, telegraphy (8.7 percent); others (8.4 percent), of which clothing and accessories (13.1 percent); chemicals (28.8 percent); machinery (6.6 percent); manufactured goods (11.9 percent), of which nonferrous metals (23.9 percent); and foodstuff (4.9 percent).

By country, imports rose from China (6.7 percent), the US (11 percent), the EU (29.1 percent) in particular Germany (29.2 percent) and France (26.6 percent), the Middle East (38.6 percent) in particular Saudi Arabia (21.9 percent) and the UAE (48.4 percent), South Korea (12.5 percent), Taiwan (4.5 percent) and Thailand (8.9 percent).


Mario | mario@tradingeconomics.com
8/16/2018 10:14:05 AM


Recent Releases

Japan June Trade Surplus Larger than Expected
Japan's trade surplus widened 66.5 percent to JPY 721.4 billion in June of 2018 from JPY 433.2 billion a year earlier and far above markets estimates of a JPY 534.2 billion surplus.
Published on 2018-07-19

Japan Trade Gap Widens 183% YoY in May
The trade gap in Japan increased sharply to JPY 578.3 billion in May of 2018 from JPY 204.4 billion a year earlier while markets estimated a JPY 235 billion deficit.
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Japan Trade Surplus Widens 30.9% in April
Japan's trade surplus widened 30.9 percent to JPY 626 billion in April 2018 from JPY 478 billion in the same month a year earlier and far above market expectations of a JPY 405.6 billion surplus.
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Japan Posts Largest Trade Surplus in Over a Year
Japan's trade surplus widened 32.1 percent to JPY 797.3 billion in March 2018 from JPY 603.5 billion in the same month a year earlier and far above market expectations of a JPY 498 billion surplus. It was the largest trade surplus since February last year.
Published on 2018-04-18



Calendar GMT Actual Previous Consensus TEForecast
2018-06-17 11:50 PM Balance of Trade ¥-578B ¥625B ¥-235B ¥ -191B
2018-07-18 11:50 PM Balance of Trade ¥721B ¥-581B ¥534.2B ¥ 315.7B
2018-08-15 11:50 PM Balance of Trade ¥-231B ¥721B ¥-50B ¥ -0.96B
2018-09-18 11:50 PM Balance of Trade ¥-231B ¥ 575.5B
2018-10-17 11:50 PM Balance of Trade ¥ 384.7B
2018-11-18 11:50 PM Balance of Trade ¥ -88.6B


Japan Trade Last Previous Highest Lowest Unit
Balance of Trade -231.21 720.77 1608.67 -2795.12 JPY Billion [+]
Exports 6747.36 7053.22 7681.69 105.08 JPY Billion [+]
Imports 6978.57 6332.45 8047.03 162.06 JPY Billion [+]
Current Account 1175.60 1938.30 3360.40 -1456.11 JPY Billion [+]
Current Account to GDP 4.02 3.70 4.70 -1.00 percent [+]
External Debt 413448.00 404921.00 413448.00 141743.00 JPY Billion [+]
Terms of Trade 96.00 96.60 276.10 83.10 Index Points [+]
Foreign Direct Investment 16333.00 5651.00 45202.00 -3825.00 JPY Hundreds Million [+]
Capital Flows 5749.00 33063.00 51917.00 -26928.00 JPY HML [+]
Tourism Revenues 22272000.00 27665000.00 27665000.00 821000.00 JPY Thousand [+]
Tourist Arrivals 2704500.00 2675000.00 2900700.00 225806.00 [+]
Gold Reserves 765.20 765.20 765.22 753.54 Tonnes [+]
Terrorism Index 3.60 2.45 3.60 0.00 [+]
Crude Oil Production 4.00 4.00 13.00 3.00 BBL/D/1K [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Japan Balance of Trade

Between 1980 and 2010 Japan had been recording trade surpluses every year due to rising exports. Since the Fukushima nuclear disaster in March 2011, trade balance swing to deficit as the country had to increase purchases of fossil fuels and gas in the wake of weaker yen. The surplus was back in 2016 and 2017. Japan reports the biggest trade surpluses with United States, Hong Kong, South Korea, Taiwan, Singapore and Netherlands. The biggest trade deficits are recorded with: China, Australia, Saudi Arabia, United Arab Emirates, Russia, Malaysia and Indonesia. 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 August of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-231.21 720.77 1608.67 -2795.12 1963 - 2018 JPY Billion Monthly
Current Prices, NSA




balance of trade by Country
Country Last
Australia 1873.00 Jun/18
Brazil 4227.00 Jul/18
Canada -625.50 Jun/18
China 280.50 Jul/18
Euro Area 22509.60 Jun/18
France -6248.00 Jun/18
Germany 21792.00 Jun/18
India -18020.00 Jul/18
Indonesia -2030.30 Jul/18
Italy 5071.00 Jun/18
Japan -231.21 Jul/18
Mexico -897.00 Jun/18
Netherlands 4813.00 Jun/18
Russia 15555.00 Jun/18
South Korea 7006.00 Jul/18
Spain -2153628.00 May/18
Switzerland 1308.99 Jun/18
Turkey -5496.69 Jun/18
United Kingdom -1861.00 Jun/18
United States -46348.00 Jun/18


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