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

Japan posted a JPY 113.4 billion trade surplus in November of 2017, following a JPY 146.5 billion surplus a year earlier and beating market expectations of a JPY 55 billion deficit. Exports jumped 16.2 percent year-on-year, above forecasts of a 14.6 percent rise, with sales to China hitting a record high value. Imports were the highest since July of 2015. Balance of Trade in Japan averaged 367.69 JPY Billion from 1963 until 2017, 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 Unexpectedly Records Trade Surplus in November


Japan posted a JPY 113.4 billion trade surplus in November of 2017, following a JPY 146.5 billion surplus a year earlier and beating market expectations of a JPY 55 billion deficit. Exports jumped 16.2 percent year-on-year with sales to China hitting a record high. Meanwhile, imports grew 17.2 percent, reaching the highest since July of 2015.

Exports grew 16.2 percent year-on-year to JPY 6920.4 billion in November of 2017, above market expectations of a 14.6 percent rise. Sales of machinery went up 22.9 percent, namely semicon (54.7 percent); construction (38.8 percent); electrical (16.2 percent) like semiconductors (14.2 percent). Also, sizable growth was reported for manufactured goods (19.6 percent) such as iron and steel products (27.9 percent); chemicals (20 percent); transport equipment (7.1 percent) like motor vehicles (7.7 percent); mineral fuels (50.7 percent); raw materials (25.1 percent) and foodstuff (15.2 percent). Exports rose to all main partners: China (25.1 percent), hitting a record high of JPY 1379.7 billion; the US (13 percent); the EU (13.3 percent) and South Korea (20.5 percent). 
 
Shipments rose for all main partners: China (25.1 percent), hitting a record high of JPY 1379.7 billion; the US (13 percent); the EU (13.3 percent) and South Korea (20.5 percent).
 
Imports went up 17.2 percent to JPY 6807 billion, below expectations of an 18 percent rise. Main upward pressure came from purchases of electrical machinery (27.5 percent); mineral fuels (21.9 percent); manufactured goods (22.1 percent); machinery (16.5 percent); raw materials (23.9 percent) and fish (12.2 percent).
 
Purchases rose from China (21.6 percent); the US (12.3 percent); the EU (6.8 percent) and the Middle East (23 percent). 


Ministry of Finance, Japan | Joana Taborda | joana.taborda@tradingeconomics.com
12/18/2017 11:57:43 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-10-18 11:50 PM Balance of Trade ¥670B ¥112.6B ¥559.8B ¥525B
2017-11-19 11:50 PM Balance of Trade ¥285.4B ¥668B ¥330B ¥450B
2017-12-17 11:50 PM Balance of Trade ¥113B ¥285B ¥-55B ¥-35B
2018-01-23 11:50 PM Balance of Trade ¥113B ¥530B ¥430B
2018-02-18 11:50 PM Balance of Trade ¥ 329.1B
2018-03-18 11:50 PM Balance of Trade ¥ 263.1B


Japan Trade Last Previous Highest Lowest Unit
Balance of Trade 113.36 284.60 1608.67 -2795.12 JPY Billion [+]
Exports 6920.44 6693.59 7681.69 105.08 JPY Billion [+]
Imports 6807.08 6409.00 8047.03 162.06 JPY Billion [+]
Current Account 1347.30 2176.40 3360.40 -1456.10 JPY Billion [+]
Current Account to GDP 3.70 3.10 4.70 -1.00 percent [+]
External Debt 408292.00 390590.00 408292.00 141743.00 JPY Billion [+]
Terms of Trade 100.70 102.40 276.10 83.10 Index Points [+]
Foreign Direct Investment 6484.00 7911.00 45202.00 -3825.00 JPY Hundreds Million [+]
Capital Flows 13829.00 -8703.00 51843.00 -26928.00 JPY HML [+]
Tourism Revenues 22937000.00 17421000.00 23192000.00 821000.00 JPY Thousand [+]
Tourist Arrivals 2521300.00 2377900.00 2681500.00 225806.00 [+]
Gold Reserves 765.22 765.22 765.22 753.54 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. 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 January of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
113.36 284.60 1608.67 -2795.12 1963 - 2017 JPY Billion Monthly
Current Prices, NSA




balance of trade by Country
Country Last
Australia -628.00 Nov/17
Brazil 4997.77 Dec/17
Canada -2540.40 Nov/17
China 546.85 Dec/17
Euro Area 26272.60 Nov/17
France -5692.00 Nov/17
Germany 23700.00 Nov/17
India -14880.19 Dec/17
Indonesia -270.00 Dec/17
Italy 4829.68 Nov/17
Japan 113.36 Nov/17
Mexico 399.21 Nov/17
Netherlands 6041.00 Nov/17
Russia 11515.00 Nov/17
South Korea 5783.00 Dec/17
Spain -1621000.00 Nov/17
Switzerland 2633.00 Nov/17
Turkey -6320.40 Nov/17
United Kingdom -2804.00 Nov/17
United States -50497.00 Nov/17


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